Claude Lamoureux was the inaugural president and chief executive officer of the Ontario Teachers’ Pension Plan (Teachers’). When he began in 1990, Teachers’ was a $19 billion fund holding primarily non-marketable assets. By the time he retired in2007, it had grown into one of the world’s largest funds, with diversified assets of more than $100 billion.
Mr. Lamoureux was at the forefront of investment opportunities. That was vital in order to achieve the high returns required by this inflation-indexed, fixed benefit pension plan. During his 17 years at the helm, Teachers’ pioneered many sophisticated investment strategies, such as derivatives, swaps, investing in public infrastructure, real estate, venture and private capital, hedge funds, and credit risk insurance products.
Prior to Teachers’, Mr. Lamoureux spent his career at Metropolitan Life Holdings Limited, which he joined in 1967. He held senior positions in group insurance, pensions and financial services, and planning before becoming president and chief executive officer in 1986.
Currently, he provides leadership as a director of several organizations, including Home Capital, Industrial-Alliance and Orbite Technology.
Mr. Lamoureux is known for his advocacy for good governance standards in support of shareholders’ rights. In 2002, he cofounded the Canadian Coalition for Good Governance. For his achievements in this field, Mr. Lamoureux received the International Corporate Governance Network Award in 2004.
Among his other honours are the Ivey Business Leader Award from the Ivey Business School at the University of Western Ontario, and the Wilfrid Laurier Outstanding Business Leader Award. Mr. Lamoureux has also been named to the Order of Canada, the Order of Ontario and the Ordre national du Québec.
In 2007, the Claude Lamoureux Student Scholarships were established at the Ivey Business School at the University of Western Ontario. This endowment will foster his exemplary business values in the next generation of leaders.