The Long Run Initiative is led by its co-founders and directors: Prof. John Turner (UK)Dr. Laurence B. Mussio (Canada) and Dr. Michael Aldous (UK). The full Board of Governors is drawn from leaders in all sectors — public, corporate, academic — and acts in an advisory capacity.


John Turner

Prof. John Turner

Professor John D. Turner is a Professor of Finance and Financial History at Queen’s University Belfast and is the founder of the Centre for Economic History. He is the former Head of Queen’s Management School. He has been a Houblon-Norman Fellow at the Bank of England and an Alfred Chandler Fellow at Harvard Business School. Professor Turner’s research is on the long-run evolution of banking, bubbles, corporate law, and financial markets. He is an editor at the Economic History Review and Economics Observatory. He has recently co-authored Boom and Bust: A Global History of Financial Bubbles, which was listed as a Financial Times best book of the year in 2020.

Dr. Laurence B. Mussio

Dr. Laurence B. Mussio is the CEO of Signal Influence Executive Research & Communications, Inc. (SIERC), headquartered in Toronto, Canada. SIERC is a consulting firm specializing in the strategic application of organizational experience for senior leadership. Dr. Mussio is also an author and research scholar specializing in the long-run experience of the state and enterprise. He is one of Canada’s premier business historians and is a Special Advisor to the Office of the CEO, BMO Financial Group. Dr. Mussio currently teaches in the MBA Program at the Schulich School of Business, York University. He has taught in graduate programs in business and communications management at McMaster University and Syracuse University. Dr. Mussio sits on the International Advisory Board of Queen’s University Belfast Centre for Economic History. He is the author of several books, articles and op-eds on a wide variety of subjects. His latest book is a land-mark analysis of the long-run experience of Bank of Montreal, Whom Fortune Favours: Bank of Montreal and the Rise of Canadian Finance, Volume 1 & 2 (Vol.1: A Dominion of Capital, 1817-1945; Vol. 2: Territories of Transformation, 1946-2017), published by McGill-Queen’s University Press in 2020. Historian Niall Ferguson praised Dr. Mussio’s work an “exemplary, deeply researched and insightful history” of one of North America’s founding financial institutions. The volumes are also available in French: À qui la fortune sourit: La banque de Montréal et l’essor financier de L’Amérique du Nord, Volume 1 & 2. 

Michael Aldous

Dr. Michael Aldous

Dr Michael Aldous is Associate Professor in Management at Queen’s University Belfast. He has a Doctorate from the London School of Economics and Political Science, and an MBA from the IE Business School, Madrid. His research examines the long-run evolution of business organizations and markets, in particular understanding how business ownership affects the performance of firms, industries and economies. Dr. Aldous has a wide set of experiences working in communications and business development in both the private and university sectors. He was founder and director of Forum MBA and has worked extensively with Business Schools in the UK and Spain, building their brands and developing institutional relationships around the world. He is interested in the exciting opportunities that online technologies offer to the innovation of higher education.


The LRI’s Board of Governors is drawn from a spectrum of senior academic, corporate and government circles. The role of the Board of Governors is to support the mission and vision of the Initiative, and to provide strategic advice. The following Governors were appointed in September 2018.

William Downe

William Downe, C.M.

Immediate and Past Chief Executive Officer, BMO Financial Group

William Downe was Chief Executive Officer of BMO Financial Group from March 2007 until October 31, 2017.

Mr. Downe joined Bank of Montreal in 1983 and held a variety of senior management positions in Canada and the U.S. In 1999, he was appointed Vice-Chair, Bank of Montreal and in 2001, he was named Deputy Chair, BMO Financial Group & Chief Executive Officer, BMO Nesbitt Burns. In 2006, he was appointed Chief Operating Officer of BMO Financial Group.

Mr. Downe is lead director of ManpowerGroup Inc. and a member of their Executive Compensation and Human Resources Committee. He is a member of the Rush System Board, a member of the Rush University Medical Center Board of Trustees, a member of their Development and Compensation and Human Resources Committees, and co-chair of the Rush Campaign Executive Committee. Mr. Downe is a director of Loblaw Companies Limited and a member of their Audit and Governance Committees. Mr. Downe is an advisory board member of the Rotman School of Management Martin Prosperity Institute (MPI) at the University of Toronto, and a member of the Economic Club of Chicago. Mr. Downe also serves on the Canadian Minister of Foreign Affairs’ North American Free Trade Agreement Council (NAFTA).

Mr. Downe holds a Bachelor of Business Administration degree from Wilfrid Laurier University and a Master of Business Administration from the University of Toronto. Mr. Downe has been awarded honorary degrees from the Lazaridis School of Business and Economics at Wilfrid Laurier University, Cape Breton University and the University of Windsor. He was recognized in September 2016 by the Woodrow Wilson Center’s Canada Institute and received the Center’s Award for Corporate Citizenship. In October 2017, Mr. Downe was honoured with the Rotman Lifetime Achievement Award by the University of Toronto. Prior to this, he received the Rotman Distinguished Business Alumni Award from the Joseph L. Rotman School of Management.

Mr. Downe is a Member of the Order of Canada.

John A. Gent

John A. Gent, PhD

John is a Cambridge economics graduate who has worked in financial services since 1979. After a decade in capital markets and trading with Orion Royal Bank and Kleinwort Benson, he entered J.P Morgan private banking, initially in Geneva from where he led the development of the Self-Directed Investors International Advisory service with teams across Europe and Hong Kong. In 1997, John moved to New York to set up J.P. Morgan’s international strategic asset allocation service and alternative products development, launching the firm’s first fund of hedge funds. Upon moving back to London in January 1999, he designed the European private banking operational platform and co-structured the client investment offering, became the first Chief Executive of JP Morgan International Bank Ltd, an entity dedicated to serving private clients outside the USA and Switzerland. In 2001 John co-founded Lord North Street Ltd. (now Sandaire/Schroders), one of London’s pre-eminent management-owned private investment offices for ultra-high net worth families, and was a director until 2009. John is now an independent consultant to private investment offices; in 2011 he gained a Masters in Economic History with Distinction, followed in 2016 by a PhD in the fields of monetary history and the history of economics, both at the London School of Economics. He speaks Italian and French.

Gillian K. Hadfield

Dr. Gillian K. Hadfield

Dr. Gillian K. Hadfield is the inaugural Schwartz Reisman Chair in Technology and Society, Professor of Law and Professor of Strategic Management at the University of Toronto. She is also Director of the Schwartz Reisman Institute for Technology and Society. Her research is focused on innovative design for legal and dispute resolution systems in advanced and developing market economies; governance for artificial intelligence (AI); the markets for law, lawyers and dispute resolution; and contract law and theory. She teaches Contracts; Problems in Legal Design; Legal Design Lab, and Responsible AI.

For a more complete biography, click HERE.

Geoffrey Jones

Geoffrey G. Jones

Isidor Straus Professor of Business History
Geoffrey Jones is the Isidor Straus Professor of Business History, and Faculty Chair of the School’s Business History Initiative. He holds degrees of BA, MA and PhD from Cambridge University, UK. He has an honorary Doctorate in Economics and Business Administration from Copenhagen Business School, Denmark, and an honorary PhD from the University of Helsinki, Finland. He taught previously at the London School of Economics, and Cambridge and Reading Universities in the UK, and at Erasmus University Rotterdam in the Netherlands. He has held Visiting Professorships at Gakushuin University, Tokyo, and Universidad de los Andes, Bogota. Elsewhere at Harvard, he serves on the Executive Committee of the Harvard Center for African Studies, the Faculty Committee of the Reischauer Institute of Japanese Studies, and on the Policy Committee of the David Rockefeller Center for Latin American Studies.

Professor Jones researches the evolution, impact and responsibility of global business. He has published on the history of global business, specializing both in consumer products, including beauty and fashion, and services such as banking, reinsurance and commodity trading. He has written extensively on the business history of emerging markets, especially in Latin America, South Asia and Turkey, and launched and co-ordinates the Creating Emerging Markets oral history project at the Harvard Business School. Professor Jones developed and teaches the Entrepreneurship and Global Capitalism course, which explores the role of entrepreneurship in the globalization cycles of the last two hundred years, in the second year of the MBA program. He is a Fellow of the Academy of International Business.

Kevin Lynch

The Honourable Kevin G. Lynch

P.C., O.C., PH. D, LL.D
Vice-Chair, BMO Financial Group

The Honourable Kevin Lynch has been Vice Chairman of BMO Financial Group since 2010. Prior to that, he was a distinguished former public servant with 33 years of service with the Government of Canada, serving as Clerk of the Privy Council, Secretary to the Cabinet, Deputy Minister of Finance, Deputy Minister of Industry, as well as Executive Director for Canada at the International Monetary Fund.

Kevin is Chancellor of the University of King’s College, a senior Fellow of Massey College and the past Chair of the Board of Governors of the University of Waterloo. He chairs the Board of SNC Lavalin and is a director of CN Railway and CNOOC Ltd (China National Overseas Oil Company). As well, Kevin is a Trustee of the Killam Trusts and a Director of Communitech, the Governor General’s Rideau Hall Foundation and the Asia Pacific Foundation of Canada. Previously, Kevin served on the boards of the Ditchley Foundation of Canada (Chair), the Accounting Standards Oversight Council (ASOC), the Ontario Rhodes Scholarship Selection Committee, the Princess Margaret Hospital Foundation, the Gairdner Foundation, the Perimeter Institute, the Bank of Canada, Empire (Sobeys), Canadian Deposit Insurance Corporation (CDIC), the Business Development Bank of Canada (BDC), BMO China and the Cape Breton Development Corporation.

Kevin earned his BA from Mount Allison University, a Masters in Economics from the University of Manchester and a doctorate in Economics from McMaster University. He was made a Member of the Queen’s Privy Council for Canada in 2009, was appointed an Officer of the Order of Canada in 2011, has received 11 honorary doctorates from Canadian Universities, and was awarded the Queen’s Golden and Diamond Jubilee Medals for public service.

Mona Malone

Chief Talent Officer, BMO Financial Group

Mona Malone is Chief Talent Officer for BMO Financial Group and leads the team responsible for talent, learning, diversity & inclusion. She holds company-wide accountability for organization design, talent planning and recruitment, diversity, executive succession and leadership development, and she leads BMO’s corporate university – the Institute for Learning (IFL) – and enterprise learning programs such as orientation and risk management.

Mona has led roles in human resources and in the business over her 20 years at BMO. Mona was a Retail Banking Sales Leader at BMO in the GTA and VP Product and Marketing Officer at ePost (a joint venture between Canada post and BMO) in addition to a range of senior HR roles such as CHRO of Canada’s Personal and Commercial Banking group.

Mona lives in Toronto with her husband and three children. She is a recipient of the Queen’s Diamond Jubilee Medal in recognition of her community service with youth development organizations.

Mona holds an Honours Business Administration degree from Ivey Business School at University of Western Ontario. She is an Advisory Council member for the Ian O. Ihnatowycz Institute for Leadership at the Ivey Business School.

Dr. Mary A. O’Sullivan

Dr. Mary A. O’Sullivan is Professor of Economic History at the University of Geneva in Switzerland. Her research focuses on the history of capitalism, with particular attention to enterprises, industries and financial institutions, as well as the history of economic thought with regard to profit, finance and capital. Her most recent book, Dividends of Development: Securities Markets in the History of U.S. Capitalism, 1866-1922, was published by Oxford University Press in September 2016. Dr. O’Sullivan was a Fellow of the Wissenschaftskolleg zu Berlin for 2016-2017, she served as the president of the Business History Conference in 2017-2018 and she is a Research Member of the European Corporate Governance Institute. She is currently working on a project on the history of profit – see “The Intelligent Woman’s Guide to Capitalism,” Enterprise and Society, vol. 19, no. 4, Winter 2018 – as well as the history of the Great Depression of the 1930s (see “Eine historische Fiktion,” Spiegel Geschichte, Ausgabe 5, 2020, 134-140).

Dr. Andrea H. Schneider-Braunberger

Dr. Andrea H. Schneider-Braunberger

Dr. Andrea Schneider-Braunberger has been the CEO of Gesellschaft für Unternehmensgeschichte (GUG: Association of Business History) since 1996. Located in Frankfurt, Germany, GUG acts as a platform for connecting academia and business in the field of business history by offering workshops, conferences and journals, etc., as well as being a consulting firm specializing in research, business history and the creation of innovative corporate archives. In addition, Dr. Schneider is a past president of the European Business History Association (EBHA). She currently serves as a member of the board of trustees of the Historical Museum of Frankfurt, Germany. Dr. Schneider has co-authored more than 100 research projects in her capacity at GUG and helped create a significant number of company archives. She is also the author of numerous books, mostly in the field of banking history and family firms. Her latest book, co-authored with Stephanie Tilly, analyzes the history of a family-owned bank: Alles mit Bedacht? 225 Jahre Bankhaus C.L. Seeliger (2019, Joh. Heinr. Meyer GmbH). Dr. Schneider’s current research interest focusses on the uses of the past in family firms and the firms’ resilience, especially in times of crises.

Judy Stephenson

Dr. Judy Stephenson

Judy Stephenson is an economic historian who researches firms, construction, markets, labour and finance in eighteenth and nineteenth century London. Her work looks particularly at bargaining between employers and workers, and the relationship between contract and organisational change and labour markets. She gained her PhD from LSE and has been a fellow of the Institute for Historical Research and is a research associate of the Cambridge Group for the History of Population and Social Structure. She is David Richards fellow of Economic History at Wadham College, University of Oxford. She has published in academic journals on the early construction industry and business and her work has been quoted in the Financial Times and the Economist.

David Walmsley

David Walmsley

David Walmsley is The Globe and Mail’s 12th editor-in-chief. He was appointed in March 2014, having previously served as Managing Editor. Under his editorship, The Globe and Mail has twice won the annual Michener Award for meritorious public service journalism as well as dominated the annual National Newspaper Awards.

The Globe and Mail won the global award for best data journalism in 2017 for its seminal investigation Unfounded.

David is a member of the World Editors’ Forum of the World Association of Newspapers, a delegate to the World Economic Forum Davos, the creator of World News Day, a global day of action explaining the impact of important journalism and the most recent past chair of the Canadian Journalism Foundation.

David sits on the advisory board of the digital media zone at Ryerson University and is a board member of the Canadian Children’s Literacy Foundation.

Last year he co-curated in Toronto a two-day symposium Shooting War involving the world’s most important conflict photographers. David is now working with Professor Anthony Feinstein (University of Toronto) to devise the world’s first Moral Injury scale for journalists.

The LRI connects academic experts with business and policy decision makers to uncover how long-run forces connect to present and future challenges facing your organization.