Founder's Timeline of Success




1951

Michael Lee-Chin was born in Port Antonio in northeast Jamaica (eldest of nine children)


1962-1966

Attended Titchfield High School in Jamaica


1968

Worked on cruise liner as a bellman


1969

Graduated from high school and took a year off to work as a lab technician in a Jamaican bauxite aluminum plant


1970

Left Jamaica to study Civil Engineering at McMaster University in Hamilton, Ontario


1970

Approached the office of the Prime Minister of Jamaica and received a scholarship to complete his studies


1974

After graduating from McMaster University, with a BA in Engineering, he returned to Jamaica and worked for Jamaican government on the Nelson Mandela Highway as a civil engineer


1976

Returned to Canada


1977

Became a financial advisor


1983

Invested $500,000 in Mackenzie Financial Corporation stock


1987

Used the profit from the sale of the Mackenzie investment to acquire a small Kitchener Ontario-based investment firm called AIC Limited


1987

Acquired a group of companies – comprising an investment planning arm, a securities dealership, and an insurance services operation. When it was acquired by Manulife Finanical in 2007 Berkshire’s assets exceeded $12 billion


1996

Awarded the Entrepreneur of the Year in the Services Category from Ernst & Young


2001

Donates $5 million to McMaster University which was used to establish the AIC Institute of Strategic Business Studies at the Michael G. DeGroote School of Business


2002

Acquired 75% interest in National Commercial Bank Jamaica Limited


2003

Pledged $30 million to Royal Ontario Museum’s Renaissance ROM Campaign


2003

Received an Honorary Doctor of Laws Degree from McMaster


2004

Received the 2004 International Humanitarian Award presented by the American Friends of Jamaica Inc. in New York


2004

Pledged $10 million to the Campaign for the University of Toronto which was used to establish the AIC Institute for Leadership at the Joseph L. Rotman School of Management


2005

Co-founds Columbus International Inc. and acquires Trident Villas and Spa, Jamaica


2005

Named Outstanding Philanthropist of the Year by the Association of Fundraising Professionals (Toronto Chapter)


2006

Portland acquisitions include Advantage General Insurance Company (formerly United General Insurance Company Limited); CVM Communications Group; Reggae Beach and Blue Lagoon


2007

Received an Honorary Doctor of Laws Degree from Northern Caribbean University


2007

Received an Honorary Doctor of Laws Degree from University of Toronto


2007

Burlington Economic Development Corporation inducts Michael into Burlington’s Entrepreneur Hall of Fame


2007

The Berkshire Group assets exceeded $12 billion


2007

Berkshire Group of Companies was sold to Manulife Financial


2007

Donated $1 million to Toronto General & Western Hospital Foundation to support the creation of the “Michael Lee-Chin and Family Short Stay Unit”


2008

Received a Lifetime Achievement Award from the Canadian Youth Business Foundation for his outstanding contributions to Canada’s entrepreneurial spirit


2008

Donated almost $4 million to Northern Caribbean University to build a world class nursing school - the Hyacinth Chen School of Nursing in honour of his mother. The state of the art facility accommodates 800 nursing students


2008

Received an Honorary Doctor of Laws Degree from Wilfrid Laurier University


2008

Received an Honorary Doctor of Laws Degree from the University of the West Indies


2008

Received the Order of Jamaica – one of the country’s highest national honours, for his significant contributions to business and philanthropy


2009

Received an Honorary Doctor of Laws Degree from York University


2009

Under Michael’s stewardship, Portland Holdings Inc. sells AIC’s retail mutual fund business to Manulife Financial


2009

AIC Investment Services Inc. officially changes its name to Portland Investment Counsel Inc.


2010

Joins the Board of the Trust for the Americas, a Foundation with the Organization of American States (OAS) that fosters responsible investment and development in Latin America and the Caribbean.


2011

Receives the Luminary Award from the University of the West Indies.


2011

Appointed Chancellor of Wilfrid Laurier University


2011

Joined the Haiti Presidential Council for Economic Growth and Development


2011

Received the McMaster University Distinguished Alumni Award for the Arts


2012

Forms the Mandeville group of financial companies


2013

Received a Lifetime Achievement Award from The Association of Chinese Canadian Entrepreneurs (ACCE) recognizing unparalleled success and roles in investment, entrepreneurship, philanthropy and significant endeavors overall


2013

The Government of Ontario selected Michael Lee-Chin to receive the Queen Elizabeth II Diamond Jubilee Medal


2013

Wallenford Limited, a subsidiary of Portland Holdings purchased The Wallenford Coffee Company


2014

Donated $11M in support of Joseph Brant Hospital


2014

Portland Global Energy Efficiency and Renewable Energy Fund LP was awarded the ‘Investment Fund Deal of the Year’ at the Private Capital Market Annual Conference


2014

Launched his Access Speaker Series


2014

Trident Resort and Spa is named #1 hotel in Jamaica on Trip Advisor


2014

Launched the Portland Caribbean Fund II


2014

NCB Capital Markets Limited named Best Investment Management Company in the Caribbean by internationally acclaimed World Finance Magazine for 2 consecutive years


2015

Appointed to a second four-year term as Chancellor at Wilfrid Laurier University


2015

Received the A.G. Gaston Lifetime Achievement Award from Black Enterprise


2015

Received the Wealth Professional Award for Lifetime Achievment in the Financial Planning Industry from Wealth Professional


2015

The N.C.B. Foundation celebrated the milestone of donating over J$1-billion dollars in ten years to nation building efforts in the areas of: Education, Sports & Community Development and Youth Leadership & Entrepreneurship directly impacting over 160,000 Jamaicans.


2015

Michael Lee-Chin and family received the 2015 Association of Fundraising Professionals’ (Golden Horseshoe Chapter) National Philanthropy Award in the category of Outstanding Philanthropist


2015

National Commercial Bank Jamaica Limited announces acquisition of 29.9% stake in Trinidad based Guardian Holdings Limited


2015

Portland’s interest in Columbus International Inc. is sold to Cable & Wireless Communications Plc.


2015

Portland Private Income Fund awarded “Investment Fund Deal of the Year” at the Private Capital Market Annual Conference.


2015

National Commercial Bank Jamaica Limited awarded, by the Global Banking and Financial Review, the following awards: Best SME Bank Jamaica; Best CSR Bank Jamaica; Best Corporate Governance Bank Jamaica and Best Banking Group Jamaica.


2016

Michael Lee Chin appointed chairman of the government of Jamaica’s Economic Growth Council (EGC)


2016

National Commercial Bank Jamaica acquires 29.99 % stake in Guardian Holdings Limited, a leading financial services and insurance group


2016

Portland JSX Limited which is managed by the Portland Private Equity team had the largest IPO of ordinary shares ever on the Jamaica Stock Exchange


2016

Wilfrid Laurier University Chancellorship comes to an end.


2016

In December 2016 at the 12th staging of the Jamaica Stock Exchange’s Best Practices Awards Ceremony, NCB received the Governor General’s Award for Excellence (5th consecutive year), Best Practices Award for Annual Report (3 wins to date) and Corporate Disclosure & Investor Relations Award. NCB also received 1st runner-up awards for categories of Website and JSE/PSOJ Corporate Governance (tied 1st runner-up).


2016

Global Banking and Finance Review selected NCB as the winner of the Best SME Bank Jamaica 2016 and NCB Insurance as Best Life Insurance Company 2016.


2016

NCB was also the recipient of Financial times’ The Banker – Bank of the Year award for 2016 for Jamaica.