Michael Lee-Chin, a Jamaican-born civil engineer with a degree
from Canada's McMaster University, once had to make ends meet
working as a bouncer at a local pub. But he didn't mind too
much. He worked the graveyard shift at the pub and took
business classes during the day. In 1977, Lee-Chin landed a job
selling mutual funds for the Investors Group, a Canadian mutual
fund company. "From day one, I had had the notion that to best
serve my client, I had to be my biggest client," he says.
Making A Jamaican Statement
Canadian mutual fund magnate Michael Lee-Chin recently expanded his empire with the purchase of Jamaica?s largest bank. He plans to use National Commerical Bank?s 50 branches to distribute every conceivable financial product.
Lee-Chin scrimped and saved and invested every penny he
could. Today, he is chairman and majority shareholder of AIC
Group, a Canadian mutual fund company with $9.4 billion of
assets under management. Forbes magazine lists him as the
world's 413th richest man, worth $1.1 billion. In January, AIC
bought Jamaica's largest bank, National Commercial Bank for
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.