Rotman pension expert recognized for lifetime contributions to economic security
By Ken McGuffin
Toronto - The director of the Rotman International Centre for Pension Management at the Rotman School of Management of the University of Toronto has been recognized with an award for his outstanding lifetime contributions to Americans economic security. Keith Ambachtsheer, an adjunct professor of finance at the Rotman School, is the recipient of the 2010 Lillywhite Award from the Employee Benefit Research Institute (EBRI).
In announcing the award yesterday the organization noted that Prof. Ambachtsheer's lifetime contributions to the retirement security of Americans and Canadians are equalled by few and that, over the decades, he has benefited millions of future retirees by helping fiduciaries enhance benefit security and hold plan expenses to the lowest possible level.
EBRI, a non-profit research organization, established the award in 1992 to acknowledge contributions by persons who have had distinguished careers in the investment management and employee benefits fields and whose outstanding service enhances Americans' economic security. The award is named for Ray Lillywhite, a pioneer in the pension field who for decades guided state employee pension plans, and who retired from Alliance Capital in 1992 after a 55-year career in the pension and investment field.
In addition to leading ICPM's research, conference, and publishing activities since 2005, Ambachtsheer founded KPA Advisory Services in 1985, and co-founded CEM Benchmarking in 1991. Through KPA he provides strategic advice on governance, finance, and investment matters to governments, industry associations, pension plan sponsors, foundations and other institutional investors around the world. An outlet for this advice is the monthly publication, The Ambachtsheer Letter. He is the author of three critically acclaimed books on pension management, most recently Pension Revolution (Wiley, 2007). He has lectured widely on pension economics and investment topics around the world. He has received the Outstanding Industry Contribution Award from Investments & Pensions Europe, the James R. Vertin Award from the CFA Institute for producing a "body of research notable for its relevance and enduring value," and was named "One of the 30 Most Influential People" in the U.S. pension industry by Pension & Investments.