Junior To General Manager
Fresh from high school at the age of fifteen, Allen Lambert joined a Victoria, British Columbia branch of the Bank of Toronto in 1927 as an $8-per-week junior clerk. He was recognized as a promising banker early in his career. His first manager reported that the young Lambert was “doing very well and seems to have a good grasp of his work. This boy has a good future.” Promoted to Accountant in a Vancouver branch, he moved on to Brockville and then to the foreign exchange department at the Montreal main branch. He later observed that “We always tried to read something into every move and it was generally thought that if you were selected to go to Montreal someone had noticed you." After service as a naval officer in the North Atlantic during World War II, Lambert became manager of the Yellowknife branch during the gold boom of the late 1940s, and then began a rapid rise through the ranks. He became Assistant General Manager in 1953 and was one of those most intimately involved in the negotiations for the merger of the Bank of Toronto and the Dominion Bank in 1955. As General Manager of the new Toronto-Dominion Bank he managed the delicate business of uniting two corporate cultures and building a style and image for a renewed and ambitious organization.
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