The Ivey School of Business at Western University received a $2-million donation from BMO Financial Group to help pay for the school's new building.

Gilles Ouellette, president and CEO of BMO Financial Group’s private client group, made the announcement on Thursday. He says the gift enhances BMO's support of Western's $750 million Be Extraordinary fundraising campaign.

The main auditorium in Ivey's new building will be named the BMO Financial Group Auditorium.

“The BMO Financial Group Auditorium will be an inspirational place of knowledge sharing, collaboration and learning,” says Carol Stephenson, Dean of the Ivey School of Business. “This is a place where our students will learn and hone their skills as they prepare to become Canada's next generation of global leaders."

The auditorium is a two-level, 7,200 square foot facility, which seats up to 640 people. It features the latest in videoconferencing technology and will be used for special occasions such as Homecoming and the Ivey Ring Tradition Ceremony.

Throughout the year, the auditorium will also host distinguished speakers for students and faculty.