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Ivey scholarships honour retiring pension leader claude lamoureux

by Krista Habermehl | January 30, 2008

Ivey scholarships honour retiring pension leader claude lamoureux
Claude Lamoureux, left, Lorraine Lamoureux, Ivey Dean Carol Stephenson and Jim Leech, CEO-Designate, OTPP, celebrate a $3-million gift in support of Western business student scholarships.

Friends and colleagues of retiring Ontario Teachers’ Pension Plan (OTTP) President & CEO Claude Lamoureux have donated $1 million to the Richard Ivey School of Business in his honour. With matching government funding, the gift will result in a $3-million student scholarship endowment in Lamoureux’s name, supporting up to 10 students per year in perpetuity.

“This donation exemplifies Claude’s passion for students and for education,” says Carol Stephenson, Dean, Ivey Business School. “Helping the best and brightest with their education is imperative for Canada to continue to compete on the global stage. Ivey is honoured to be the recipient of this generosity.”

Lamoureux is OTPP’s inaugural CEO. Under his leadership, the fund grew from $19 billion in 1990 to a well-diversified $106 billion as of year-end 2006.

“I am overwhelmed, but thrilled,” says Lamoureux. “Education is a priceless asset – our future prosperity depends on it. The thought that Ivey students will be benefiting from such a generous gesture on the part of my friends is the most thoughtful and meaningful gift I can
imagine receiving.”

Lamoureux, who has been called “one of the most powerful voices in Canadian public markets,” was celebrated, along with the new scholarship program bearing his name, at a gala retirement dinner in Toronto last November.

This article appeared in the Winter 2008 edition of Impact Western
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