Name Bill Morneau Role Politician | Spouse Nancy McCain (m. 1995) Political party Liberal | |
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Full Name William Francis Morneau Residence Bennington Heights,East York, Toronto, Ontario Alma mater University of Western OntarioLondon School of EconomicsEuropean Institute of BusinessAdministration Children Clare Morneau, Edward Morneau, Henry Morneau Profiles | ||
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William Francis "Bill" Morneau PC MP (born October 7, 1962) is a Canadian politician and businessman, who was elected in the 2015 Canadian federal election as member of parliament for Toronto Centre. Morneau was executive chair of Canada’s largest human resources firm, Morneau Shepell, and the former chair of the C. D. Howe Institute. He has also been chair of the board at St. Michael's Hospital, and Covenant House. Morneau studied at the University of Western Ontario, INSEAD, and the London School of Economics (LSE).
Contents
- The new finance minister of canada bill morneau on the exchange
- Bill morneau justin trudeau dinner with warren buffett bill gates
- Early career and personal life
- Business career
- Community involvement
- Politics
- Other
- References
Since November 4, 2015, he has been Canada's Minister of Finance.
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Early career and personal life
Morneau's parents are William Francis "Frank" Morneau, Sr. who came from Walkerville, Windsor, Ontario and Helen (Lynch) Morneau who came from Adjala Township, Alliston, Ontario and their families had deep roots in both areas. Morneau was born in Toronto, where he attended Senator O'Connor College School. From 1981 to 1986, Morneau attended The University of Western Ontario and completed an Honours BA. As an undergraduate, he spent one year at the University of Grenoble in France. He then earned an MBA from INSEAD. Morneau eventually went on to earn an M.Sc. in Economics from the London School of Economics (LSE).
Morneau lives in Toronto and has three children, Henry, Clare, and Edward with his wife Nancy McCain, a member of the New Brunswick family which owns McCain Foods. In 2010, he sponsored Grace Acan, a Grade 9 girl originally from Northern Uganda, she is considered part of the family and calls him "Dad."
Business career
Bill Morneau's father, Frank Morneau, founded the actuarial and benefit consulting firm W.F. Morneau & Associates in 1966. By 1985, the firm had grown to annual revenue of $5 million. Bill Morneau joined the company in 1987. Morneau held positions of increasing senority at his father's company including appointments as president in 1992, president and chief executive officer in 1998, and chair and chief executive officer in 2008.
As executive chair of Morneau Shepell, the largest Canadian human resources services organization with offices across North America, Morneau led the firm through a period of growth from approximately 200 employees in 1992 to almost 4000 in 2015. Under his leadership the firm has gone through several significant changes, including the acquisition of Sobeco from Ernst & Young in 1997, going public on the Toronto Stock Exchange in 2005, and the acquisition of Shepell-FGI in 2008.
Morneau Shepell provides over 20,000 organizations representing millions of Canadians with pension, employee benefit and employee assistance programs.
Morneau was appointed as pension investment advisor to the Ontario Minister of Finance Dwight Duncan in 2012, providing counsel aimed at facilitating the pooling of public-sector pension fund assets. In 2014, he was appointed by Ontario Premier Kathleen Wynne to an expert panel led by former Prime Minister Paul Martin to recommend an Ontario pension supplement to the Canada Pension Plan.
Community involvement
Morneau served as the chair of the board at St. Michael's Hospital from 2009 to 2013, and as a board member from 2003 to 2013. He has also served on the board of St. Michael’s Hospital Foundation (2013–2015).
Previously, Morneau served as the chair of Covenant House (1997–2000), chair of the C.D. Howe Institute (2010–2014), and as a board member at AGF Management (2001–2014). He has volunteered as a board member for the Loran Scholars Foundation (2008-2015), the Art Gallery of Ontario Foundation (2004–2011), the Canadian Opera Company (2001–2010), Greenwood College (2012–2015), and the Toronto Zoo Foundation (2000–2004).
Politics
In June 2014, Morneau was nominated as the Liberal Party of Canada candidate for the newly configured riding of Toronto Centre. In December 2014, he was also appointed to serve on Justin Trudeau’s Economic Council of Advisors to provide the Liberal leader with advice on economic issues. Morneau was the federal Liberal candidate in Toronto Centre for the 2015 federal election. In the election, Morneau defeated the NDP's Linda McQuaig.
On November 4, 2015, Morneau was named by Prime Minister Justin Trudeau as Minister of Finance for Canada.
Other
From 2010 to 2014, Morneau served as Chair of the C.D. Howe Institute, a non-partisan policy analysis group. In 2014, Morneau resigned from C.D. Howe after making a speech at the 2014 Liberal convention.
In 2010, Morneau began leading an initiative with the UNHCR to open a secondary school for refugee girls in Kakuma refugee camp, Kenya. The school opened in 2014, and currently enrolls 340 girls.
Morneau is the co-author of The Real Retirement, an analysis of the context and the factors involved in helping Canadians plan for a successful retirement originally published in 2012.
In 2017, Morneau was an attendee at the annual Bilderberg meeting, Chantilly, Virginia.