TheStar.com – Kilroy leaves IBM Canada to join Symcor

ROM CANADIAN PRESS

IBM Canada president Ed Kilroy is leaving the computer services company to become chief executive of Symcor Inc., a cheque and payment processing outsourcing firm owned by three of Canada’s big banks.

Kilroy will take over his new job Jan. 10, Symcor said in a release Tuesday.

he well-known Canadian technology industry executive has been president of IBM Canada since April 2001. A replacement for Kilroy at IBM Canada has not yet been named.

Symcor said Kilroy will lead the Toronto-area company’s growth strategy to combine conventional transaction outsourcing with new technology to help boost revenues and market share.

IBM Canada, a unit of global computer giant IBM Corp. (NYSE: IBM) is a major provider of outsourcing technology services to the Canadian financial services industry, including many banks, brokerages and life insurers.

“Ed has a proven track record of leading and growing technology-based organizations, evidenced by his more than 20 years of progressive, diverse experience with IBM,” said Lloyd Darlington, chairman of Symcor’s human resources committee and president and CEO of technology for Bank of Montreal, one of Symcor’s owners.

“His deep background in providing customers with innovative services and exceptional performance will be an ideal fit at Symcor, as it continues to be a valued partner of major financial services organizations throughout North America.”

Kilroy, a graduate of Yale University in New Haven, Conn., joined IBM in 1982 and held a number of senior executive positions in sales, marketing and general management in Canada, the United States and Australia.

Symcor is one of North America’s largest business process outsourcing companies, and is an industry leader in physical and electronic cheque and payment processing, statement and document management.

Based in Mississauga, Ont., the company was set up in 1996 and is owned by Royal Bank (TSX: RY), TD Bank (TSX: TD) and Bank of Montreal (TSX: BMO).