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{{Like resume|date=April 2021}}
{{Infobox person
{{Infobox person
| name = Jay S. Hennick
| name = Jay S. Hennick
| honorific-suffix = {{post-nominals|country=CAN|CM}}
| honorific-suffix = {{post-nominals|size=100%|CM}}
| image =
| image =
| image_size =
| birth_name = Jay Stewart Hennick
| birth_date = {{Birth date and age|1957|1|20}}
| birth_date = {{Birth date and age|1957|1|20}}
| birth_place = [[Toronto]], Ontario, Canada
| birth_place = [[Toronto]], [[Ontario]], Canada
| education = [[York University]] (Bachelor of Arts)<br />[[University of Ottawa]] (J.D.)
| education = [[York University]] (B.A.)<br />[[University of Ottawa]] (LL.B.)
| occupation = Lawyer, Entrepreneur, Executive, Philanthropist
| occupation = Businessman, philanthropist
| known_for = {{Indented plainlist|
| known_for = {{Indented plainlist|
*Chairman and CEO, [[Colliers International]] Group, Inc.
*Chairman and CEO, [[Colliers (company)|Colliers]]
*Founder and Chairman, [[FirstService Corporation]]
*Founder and Chairman, [[FirstService Corporation]]
*Co-Founder, The Jay and Barbara Hennick Family Foundation }}
*Co-Founder, The Jay and Barbara Hennick Family Foundation }}
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}}
}}


'''Jay Stewart Hennick''' {{post-nominals|country=CAN|CM}} (born 1957) is a Canadian billionaire<opmwars.substack.com/ref>,businessman and philanthropist. He is the Global Chairman, CEO and controlling shareholder of [[Colliers International]]<ref name="Colliers leadership">{{cite web|url=https://corporate.colliers.com/en/Leadership/Jay-Hennick-CEO|website=Colliers Leadership|accessdate=Jan 22, 2019|title=Colliers.com}}</ref> and the Founder, Chairman and largest shareholder of [[FirstService Corporation]].<ref>{{Cite web|last=|first=|date=|title=About Us|url=https://www.firstservice.com/about_us/founder_chairman.html|url-status=live|archive-url=|archive-date=|access-date=2020-08-04|website=FirstService}}</ref> He, along with his wife Barbara, is also the co-founder of the Jay and Barbara Hennick Family Foundation.<ref>{{Cite web|title=Colliers International {{!}} Jay Hennick|url=https://corporate.colliers.com/en/leadership/jay-hennick|access-date=2020-06-22|website=corporate.colliers.com|language=en}}</ref>
'''Jay Stewart Hennick''' {{post-nominals|country=CAN|CM}} (born January 20, 1957) is a Canadian [[billionaire]] businessman and philanthropist.<ref>{{Cite web|title=From Pool Boy to Billionaire|url=https://opmwars.substack.com/p/jay-hennick-from-pool-boy-to-billionaire}}</ref> He is the global chairman, CEO and controlling shareholder of [[Colliers (company)|Colliers]],<ref>{{Cite web|title=Jay Hennick|website=[[Bloomberg News]]|url=https://www.bloomberg.com/profile/person/1746546}}</ref> and the founder, chairman and largest shareholder of [[FirstService|FirstService Corporation]].<ref>{{Cite web|title=SEC Data First Service|url=https://www.sec.gov/Archives/edgar/data/1637810/000117184319002359/exh_991.htm}}</ref> Along with his wife, Barbara, he is the co-founder of The Jay and Barbara Hennick Family Foundation.<ref>{{Cite web|title=Jay and Barbara Hennick Family Foundation|url=https://www.canadahelps.org/en/charities/the-jay-and-barbara-hennick-family-foundation/}}</ref> In 2022, Hennick was named to Forbes' annual list of the world's billionaires.<ref>{{cite web|url=https://www.forbes.com/profile/jay-hennick/?sh=2fe297856c9d|title=Jay Hennick|work=Forbes|date=2022}}</ref>


==Biography==
==Early Life and Education==
Jay Hennick was born in 1957 in [[Toronto]], [[Ontario]], [[Canada]]. At 17 years old, while still a teenager in high-school, Hennick borrowed $1,000 from his father Sam and founded a commercial swimming pool management business called Superior Pools which employed hundreds of students throughout the Greater Toronto Area.<ref>{{Cite news|title=Jay Hennick: Big fish, small pond, an ocean of opportunity|url=https://www.theglobeandmail.com/report-on-business/jay-hennick-big-fish-small-pond-an-ocean-of-opportunity/article1080088/|access-date=2020-06-22}}</ref> Now called LIV North, the original business remains a subsidiary of [[FirstService|FirstService Corporation]].<ref>{{Cite web|last=SEC|title=Firstservice Corp 2019 Foreign Issuer Report 6-K|url=https://sec.report/Document/0001171843-19-002386/|access-date=2020-06-22|website=SEC.report|language=en}}</ref>
Hennick was born in 1957 in [[Toronto]], [[Ontario]], Canada. His first job was a summer lifeguard at an apartment complex at age 15; it gave him the idea for his first company.<ref>{{Cite web |title=Jay Hennick |url=https://www.forbes.com/profile/jay-hennick/ |access-date=2023-10-21 |website=Forbes |language=en}}</ref> In 1972, at the age of 17 and while still a teenager in high school, Hennick borrowed $1,000 from his father Sam and founded a commercial swimming pool staffing and management business called Superior Pools, which subsequently employed hundreds of students throughout the Greater Toronto Area.<ref>{{Cite web|title=Big Fish Small Pond: an Ocean of Opportunity|website=[[The Globe and Mail]]|url=https://www.theglobeandmail.com/report-on-business/jay-hennick-big-fish-small-pond-an-ocean-of-opportunity/article1080088/}}</ref>


After graduating from high school in 1975, Hennick went on to study Economics at [[York University]], earning a Bachelor of Arts degree in 1978. He then received a Doctorate of Laws from the [[University of Ottawa]] in 1981. Hennick would later be awarded an Honorary Doctorate of Laws from both York University and the University of Ottawa.
After graduating from high school in 1975, Hennick went on to study economics at [[York University]], earning a [[Bachelor of Arts]] degree in 1978.<ref>{{Cite web|title=Horatio Alger: Jay Hennick|url=https://horatioalger.ca/en/haa_members/jay-s-hennick/}}</ref> He then received a [[Bachelor of Laws]] degree from the [[University of Ottawa]] in 1981.<ref>{{Cite news|title=Common Law History at the University of Ottawa|url=https://www.uottawa.ca/faculty-law/sites/g/files/bhrskd406/files/2022-02/reunion-uofo-common-law-eng-web.pdf|page=97}}</ref> Hennick would later be awarded Honorary Doctorates of Laws from both York University and the University of Ottawa.<ref name=sinai/>


Hennick has served as a member of the board of directors of [[Mount Sinai Hospital (Toronto)|Mount Sinai Hospital]] in Toronto since 1998, Co-Chairman of the Mount Sinai Hospital Foundation from 2011 to 2013, and chairman of the board of directors of Mount Sinai Hospital from 2013 to 2016.<ref name=sinai>{{Cite web|title=Jay S. Hennick, C.M.|url=https://www.sinaihealth.ca/team/jay-s-hennick/}}</ref> He is also a documentary film producer, having co-produced ''Made You Look: A True Story About Fake Art'', a 2021 Netflix documentary on one of the largest art scams in U.S. history.<ref>{{Cite web|title=Made You Look: A True Story About Fake Art|url=https://www.docnyc.net/film/made-you-look-a-true-story-about-fake-art/}}</ref> Hennick is the executive producer of the documentary ‘Born Hungry’ which follows the journey of Canadian chef Sash Simpson. It premiered at the Palm Springs International Festival in 2024.<ref>{{cite web |last1=Avrich |first1=Barry |title=Born Hungry tells the remarkable story of Sash Simpson, a street kid from India who became a Canadian top chef |url=https://www.cbc.ca/arts/barry-avrich-born-hungry-cutaways-1.7186526 |website=CBC}}</ref>
==Legal career==
{{Self-published|section|date=April 2021}}
Upon graduating from law school in 1981, Hennick joined a predecessor to the law firm of Fogler, Rubinoff LLP and worked under the mentorship of Lloyd S.D. Fogler, Q.C. After four years as an associate, Hennick was promoted to the position of partner, the youngest partner to be admitted to the firm.<ref>{{Cite web|title=Colliers International {{!}} Experts {{!}} Jay S. Hennick|url=https://www.collierscanada.com/en-ca/experts/jay-hennick|access-date=2020-06-30|website=www.collierscanada.com|language=en-CA}}</ref>


==Career==
During his years in private practice, Hennick advised, structured and executed a variety of corporate and business law transactions. Although his corporate law practice spanned many industries, Hennick specialized in regulated financial institutions such as banks and trust companies.<ref>{{Cite book|last1=English|first1=Chuck|url=https://books.google.com/books?id=FXDzCQAAQBAJ&pg=PA130&lpg=PA130&dq=jay+hennick+fogler+rubinoff#q=jay%20hennick%20fogler%20rubinoff|title=The Philanthropic Mind: Surprising Discoveries from Canada's Top Philanthropists|last2=Lidsky|first2=Mo|date=2015-06-22|publisher=Dog Ear Publishing|isbn=978-1-4575-3388-4|language=en}}</ref>
Hennick joined a predecessor to the law firm of Fogler, Rubinoff LLP and worked under the mentorship of Lloyd S.D. Fogler, Q.C. After four years as an associate, Hennick was promoted to the position of partner, the youngest partner to be admitted to the firm.<ref>{{Cite book|title=The Philanthropic Mind|isbn = 9781457533884|url=https://books.google.com/books?id=FXDzCQAAQBAJ&dq=jay+hennick+fogler+rubinoff&pg=PA130|last1 = English|first1 = Chuck|last2 = Lidsky|first2 = Mo|date = 22 June 2015| publisher=Dog Ear }}</ref> During his years in private practice, Hennick advised and executed a variety of corporate and business law transactions. He specialized in regulated financial institutions such as banks and trust companies.<ref>{{Cite web|title=Jay Hennick|url=https://horatioalger.ca/en/haa_members/jay-s-hennick/}}</ref>


In 1989, while still working as a corporate lawyer, Hennick acquired the College Pro Painters franchise system and combined it with Superior Pools to form [[FirstService Corporation]].<ref>{{Cite web|title=This restoration contracting acquisition should close by summer|url=https://www.canadianunderwriter.ca/insurance/this-restoration-contracting-acquisition-should-close-by-summer-1004163594/|author=Greg Meckbach|date=May 24, 2019}}</ref> He was introduced to [[Peter Drucker]], a well-known management consultant, educator, author and influential thinker on the subjects of business, management theory and practice in 1990.<ref name=":1">{{Cite web|title=Drucker in Practice: An Interview with Jay Hennick, Founder and Chairman of FirstService Corporation, Part I|url=https://www.managementmattersnetwork.com/strategic-leadership/interviews/drucker-in-practice-an-interview-with-jay-hennick}}</ref> By 1993, Hennick made the decision to take FirstService public and completed an initial public offering on the [[Toronto Stock Exchange]]. In 1995, its shares were listed on NASDAQ.<ref>{{Cite web|title=SEC Archives|url=https://www.sec.gov/Archives/edgar/data/913353/000127956907000758/ex1.htm}}</ref> In 1996, Hennick intimately left his private law practice to focus on the expansion of FirstService as the company’s founder and chief executive officer. He was named Canada's Entrepreneur of the Year in 1998 and CEO of the Year from [[Canadian Business Magazine]] in 2001.<ref name=":0">{{Cite web|title=York University to Honour Four Distinguished Citizens at Fall Convocation|url=https://www.yorku.ca/media/2011/10/york-university-to-honour-four-distinguished-citizens-at-fall-convocation/}}</ref>
== FirstService Corporation ==
{{Self-published|section|date=April 2021}}
In 1989, while still working as a corporate lawyer, Hennick acquired the College Pro Painters franchise system and combined it with Superior Pools and a variety of other property service and maintenance businesses to form [[FirstService Corporation]].<ref name="FirstService history">{{cite web|title=FirstService.com|url=http://www.firstservice.com/our_company/company_history/default.html|website=FirstService History}}</ref> In 1993, Hennick made the decision to take FirstService Corporation public and completed an initial public offering on the [[Toronto Stock Exchange]]. FirstService Corporation was subsequently listed on the [[Nasdaq|NASDAQ]] exchange in 1995.<ref>{{Cite web|last=|first=|date=|title=First Service Company History|url=https://www.firstservice.com/about_us/company_history.html|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref>


In June 2015, FirstService completed a plan of arrangement to separate FirstService into two stand-alone publicly traded companies: Colliers International Group Inc. and FirstService Corporation.<ref>{{Cite web|title=Colliers splitting from parent to expand in commercial property|website=[[The Globe and Mail]]|url=https://www.theglobeandmail.com/report-on-business/colliers-splitting-from-parent-to-expand-in-commercial-property/article22904916/}}</ref> Hennick became global chairman and chief executive officer of Colliers, and chairman and founder of FirstService.<ref>{{Cite web|title=Colliers to split from parent amid expansion plans|url=https://www.perenews.com/colliers-to-split-from-parent-amid-expansion-plans/}}</ref> The market capitalization of Colliers is more than US$5 billion and Hennick owns, directly and indirectly, more than 14 percent of the equity and 45 percent of the votes of the company.<ref>{{Cite web|title=Colliers Completes Transaction to Settle Long-Term Incentive Arrangement and Establish Timeline for Orderly Elimination of Dual Class Voting Structure|url=https://financialpost.com/globe-newswire/colliers-completes-transaction-to-settle-long-term-incentive-arrangement-and-establish-timeline-for-orderly-elimination-of-dual-class-voting-structure}}</ref>
In 1996, Hennick left private law practice to focus on the expansion of FirstService Corporation as the company’s Chief Executive Officer.


Hennick was the 2019 International [[Horatio Alger]] Award Recipient and became a member of the [[Order of Canada]] that same year.<ref>{{Cite web|title=Jay S. Hennick to receive the 2019 International Horatio Alger Award|url=https://horatioalger.ca/en/haa_news/jay-s-hennick-receive-2019-international-horatio-alger-award/}}</ref> Hennick was inducted into the Canadian Business Hall of Fame in 2024.<ref>{{cite web |title=Meet this year’s Inductees to the Canadian Business Hall of Fame |url=https://www.theglobeandmail.com/business/adv/article-meet-this-years-inductees-to-the-canadian-business-hall-of-fame/ |website=Globe and Mail}}</ref>
In 2020, FirstService generated approximately $2.8 billion in annual revenues and has approximately 24,000 employees across North America.<ref>https://www.firstservice.com/about_us/default.html</ref> For 25 years, the compound annual growth rate in share value was greater than 20% and the annual dividends have increased at a compound annual growth rate of 11% from 2015-2021.<ref>{{Cite web|last=|first=|date=|title=First Service Why Invest|url=https://www.firstservice.com/investors/why_invest.html|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref> The market capitalization of FirstService is more than US$7 billion and Hennick owns, directly and indirectly more than 11% of the equity of the company.


== The Jay and Barbara Hennick Family Foundation ==
The Board of Directors of FirstService Corporation include Jay S. Hennick (Chairman), D. Scott Patterson (President & CEO), Bernard I. Ghert, Brendan Calder, Frederick F. Reichheld, Joan Sproul, Michael Stein and Erin J. Wallace. Over the past 20 years, under Hennick’s leadership, FirstService has achieved almost 20% revenue compound annual growth rate.<ref>{{Cite web|last=|first=|date=|title=First Service Newsroom|url=https://www.firstservice.com/investors/newsroom.html|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref>
⚫
Hennick, along with his wife Barbara, co-founded The Jay and Barbara Hennick Family Foundation, which donates to causes focused on education, health care and the arts primarily in Canada. The following are some of the causes the foundation has supported: the Hennick Centre of Business and Law at [[York University]], providing post-graduate studies for students in business or law;<ref>{{Cite web|title=Hennick Centre for Business and Law|url=https://schulich.yorku.ca/faculty-research/hennick-centre-for-business-law/}}</ref> the Jay S. Hennick Business and Community Leadership Program at the [[University of Ottawa]], which provides financial support to [[Juris Doctor|JD]] law students who have been admitted into the [[MBA]] program at the [[Telfer School of Management]] as part of the combined JD-MBA program at the University of Ottawa;<ref>{{Cite web|title=Explore the Hennick Centre|url=https://hennickcentre.ca/}}</ref> the Hennick Family Wellness Centre, which opened at Mount Sinai Hospital in 2016 and houses the largest collection of the art works of iconic Canadian artist [[Sorel Etrog]];<ref>{{Cite web|title=Hennick Family Wellness Gallery|url=https://www.sinaihealth.ca/venue/hennick-family-wellness-gallery/}}</ref> [[Yad Vashem]] in Israel named one of its entrance arches at the Yad Vashem Entrance Plaza after Barbara and Jay Hennick and Family.<ref>{{Cite web|title=Yad Vashem, Volume 90, October 2019|url=https://www.yadvashem.org/sites/default/files/90.pdf}}</ref>


Sinai Health announced that the Hennick family donated $36 million in October 2021, the single largest donation in its history and resulting in renaming its facility the Hennick Bridgepoint Hospital.<ref>{{Cite web|title=Hennick Bridgepoint Hospital Announcement, Globe & Mail, November 2021|url=https://secure.supportsinai.ca/site/DocServer/Hennick_Bridgepoint_Hospital_Final_Ad.pdf}}</ref> In July 2022, The Jay and Barbara Hennick Family Foundation made a historic donation of $50 million to the [[Royal Ontario Museum]] in support of a multi-year revitalization plan. It represented the largest cash gift in the museum’s history.<ref>{{Cite web |date=2022-06-23 |title=Royal Ontario Museum announces $50 million cash gift — largest in its history |url=https://www.thestar.com/entertainment/visualarts/2022/06/23/hennick-family-foundations-gift-will-allow-the-rom-to-transform-iconic-spaces-and-the-way-we-experience-art-culture-and-nature.html |access-date=2022-07-11 |website=thestar.com |language=en}}</ref><ref>{{Cite web |title=Hennick Family donates $50 million to advance ROM's strategic vision |url=https://www.rom.on.ca/en/support-us/get-involved/inspiring-stories/hennick-family-gift |access-date=2022-07-11 |website=Royal Ontario Museum |language=en}}</ref>
== Colliers International ==
{{Self-published|section|date=April 2021}}
In June 2015, Hennick and other shareholders of FirstService completed a plan of arrangement to separate FirstService Corporation into two stand-alone publicly traded companies: Colliers International Group Inc. (NASDAQ:CIGI and TSX:CIGI) and FirstService Corporation (NASDAQ:FSV and TSX:FSV).<ref name=":0">{{Cite web|title=Colliers International {{!}} About Colliers - Global leader in real estate services and investment management|url=https://corporate.colliers.com/en/company-overview|access-date=2020-07-13|website=corporate.colliers.com|language=en}}</ref>

Following the completion of the corporate spin-off, Hennick became Global Chairman and Chief Executive Officer of Colliers International, and Chairman and Founder of FirstService Corporation. D. Scott Patterson, previously the President of FirstService Corporation, became Chief Executive Officer of FirstService Corporation.<ref name=":0" />

The market capitalization of Colliers is more than US$4 billion and Hennick owns, directly and indirectly, more than 14% of the equity and 46% of the votes of the company.

Today Colliers is a leading diversified professional services and investment management company with operations in 67 countries, more than 15,000 professionals, $40 billion of assets under management and annualized revenue in 2020 of $3.3 billion.<ref name=":0"/> For more than 25 years, including FirstService until 2015, Colliers has delivered compound annual investment returns of 20% for shareholders.<ref>https://corporate.colliers.com/en/company-overview</ref>

The board of directors of Colliers International includes Jay S. Hennick (Global Chairman & CEO), Peter Cohen, John P. Curtin Jr., Christopher Galvin, Jane Gavan, [[Stephen Harper|the Right Honourable Stephen Harper]] (the 22nd Prime Minister of Canada), Katherine Lee, Benjamin Stein and Fred Sutherland.<ref>{{Cite web|title=Colliers International {{!}} Leadership|url=https://corporate.colliers.com/en/leadership|access-date=2020-07-13|website=corporate.colliers.com|language=en}}</ref>

== Relationship with Peter Drucker ==
{{Peacock|section|date=April 2021}}
In 1990, Hennick was introduced to [[Peter Drucker]], one of the most influential management consultants, educators and authors in the field of business and entrepreneurial-ism in the 20th century. Over the next 15 years, until his death in 2005, Drucker acted as a mentor to Hennick as he sought to grow and expand FirstService Corporation. Drucker and Hennick met and spoke regularly, and Hennick has credited Drucker with helping to shape the business strategy and philosophy of both FirstService Corporation and later Colliers International.<ref>{{Cite web|last=Network|first=Editorial Staff at Management Matters|date=2016-09-27|title=An Interview with Jay Hennick, Founder and Chairman of FirstService Corporation, Part I|url=https://www.fpsonetwork.com/drucker/effective-management/articles/an-interview-with-jay-hennick-founder-and-chairman|access-date=2020-07-20|website=FPSO Network|language=en}}</ref>

== Philanthropy and community service ==
In addition to his active business career, Hennick has served as a member of the Board of Directors of [[Mount Sinai Hospital (Toronto)|Mount Sinai Hospital]] in Toronto, Canada since 1998, Co-Chairman of the Mount Sinai Hospital Foundation from 2011 to 2013 and Chairman of the Board of Directors of Mount Sinai Hospital from 2013 to 2016.<ref>{{Cite web|title=Jay S. Hennick|url=https://www.sinaihealth.ca/team/jay-s-hennick/|access-date=2020-07-28|website=Sinai Health|language=en-CA}}</ref>

In 2015, Hennick oversaw the merger between Mount Sinai Hospital, [[Bridgepoint Active Healthcare]] and Circle of Care to create the [[Sinai Health System]], an integrated healthcare system serving the Toronto community that combines acute care, complex and rehabilitative care, primary care, home care and other community-based services to enable patients to move seamlessly across the continuum of care. In 2016, Mount Sinai Hospital opened the Hennick Family Wellness Gallery, which houses the largest collection of the art works of iconic Canadian artist [[Sorel Etrog]].<ref>{{Cite web|title=Hennick Family Wellness Gallery|url=https://www.sinaihealth.ca/venue/hennick-family-wellness-gallery/|access-date=2020-07-28|website=Sinai Health|language=en-CA}}</ref>

⚫
Hennick, along with his wife, Barbara Hennick, co-founded the Jay and Barbara Hennick Family Foundation, which donates to causes focused on education, healthcare and the arts. The foundation has also funded The Hennick Centre of Business and Law at York University, providing post-graduate studies for students in business or law,[3] and the Jay S. Hennick Business and Community Leadership Program at the University of Ottawa, which provides financial support to JD law students who have been admitted into the MBA program at the Telfer School of Management as part of the combined JD-MBA program at the University of Ottawa.<ref>{{Cite web|last=|first=|date=|title=Hennick Centre|url=https://hennickcentre.ca/|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref>

==Awards and recognition==
* Canada's Entrepreneur of the Year, 1998<ref name="Reuters Profile">{{cite web|title=Reuters Profile|url=https://www.reuters.com/finance/stocks/officerProfile?symbol=CIG.TO&officerId=137254|website=Reuters.com|accessdate=March 30, 2016}}</ref>
* CEO of the Year, [[Canadian Business Magazine]], 2001<ref name="Reuters Profile"/>
* Honorary Doctorate of Laws, York University, 2011<ref>{{cite web|title=York University|url=http://news.yorku.ca/2011/10/11/york-university-to-honour-four-distinguished-citizens-at-fall-convocation/|website=News.YorkU.ca}}</ref>
* Honorary Doctorate, University of Ottawa, 2014<ref>{{cite web|title=University of Ottawa|url=https://www.uottawa.ca/president/honorary-doctorates/jay-hennick|website=uottawa.ca}}</ref>
* 2019 International [[Horatio Alger]] Award Recipient, 2019<ref>{{cite web|title=Horatio Alger Association|url=https://horatioalger.ca/en/haa_news/jay-s-hennick-receive-2019-international-horatio-alger-award/}}</ref>
* Member of the [[Order of Canada]]<ref>{{cite web|title=The Governor General of Canada|url=https://www.gg.ca/en/media/news/2018/governor-general-announces-103-new-appointments-order-canada}}</ref>


==References==
==References==
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[[Category:Canadian chief executives]]
[[Category:Canadian chief executives]]
[[Category:Members of the Order of Canada]]
[[Category:Members of the Order of Canada]]
[[Category:People from Toronto]]
[[Category:Businesspeople from Toronto]]
[[Category:Canadian real estate businesspeople]]
[[Category:Canadian businesspeople in real estate]]

Latest revision as of 00:51, 16 August 2024

Jay S. Hennick
CM
Born
Jay Stewart Hennick

(1957-01-20) January 20, 1957 (age 67)
Toronto, Ontario, Canada
EducationYork University (B.A.)
University of Ottawa (LL.B.)
Occupation(s)Businessman, philanthropist
Known for
WebsiteJayHennick.com

Jay Stewart Hennick CM (born January 20, 1957) is a Canadian billionaire businessman and philanthropist.[1] He is the global chairman, CEO and controlling shareholder of Colliers,[2] and the founder, chairman and largest shareholder of FirstService Corporation.[3] Along with his wife, Barbara, he is the co-founder of The Jay and Barbara Hennick Family Foundation.[4] In 2022, Hennick was named to Forbes' annual list of the world's billionaires.[5]

Biography

[edit]

Hennick was born in 1957 in Toronto, Ontario, Canada. His first job was a summer lifeguard at an apartment complex at age 15; it gave him the idea for his first company.[6] In 1972, at the age of 17 and while still a teenager in high school, Hennick borrowed $1,000 from his father Sam and founded a commercial swimming pool staffing and management business called Superior Pools, which subsequently employed hundreds of students throughout the Greater Toronto Area.[7]

After graduating from high school in 1975, Hennick went on to study economics at York University, earning a Bachelor of Arts degree in 1978.[8] He then received a Bachelor of Laws degree from the University of Ottawa in 1981.[9] Hennick would later be awarded Honorary Doctorates of Laws from both York University and the University of Ottawa.[10]

Hennick has served as a member of the board of directors of Mount Sinai Hospital in Toronto since 1998, Co-Chairman of the Mount Sinai Hospital Foundation from 2011 to 2013, and chairman of the board of directors of Mount Sinai Hospital from 2013 to 2016.[10] He is also a documentary film producer, having co-produced Made You Look: A True Story About Fake Art, a 2021 Netflix documentary on one of the largest art scams in U.S. history.[11] Hennick is the executive producer of the documentary ‘Born Hungry’ which follows the journey of Canadian chef Sash Simpson. It premiered at the Palm Springs International Festival in 2024.[12]

Career

[edit]

Hennick joined a predecessor to the law firm of Fogler, Rubinoff LLP and worked under the mentorship of Lloyd S.D. Fogler, Q.C. After four years as an associate, Hennick was promoted to the position of partner, the youngest partner to be admitted to the firm.[13] During his years in private practice, Hennick advised and executed a variety of corporate and business law transactions. He specialized in regulated financial institutions such as banks and trust companies.[14]

In 1989, while still working as a corporate lawyer, Hennick acquired the College Pro Painters franchise system and combined it with Superior Pools to form FirstService Corporation.[15] He was introduced to Peter Drucker, a well-known management consultant, educator, author and influential thinker on the subjects of business, management theory and practice in 1990.[16] By 1993, Hennick made the decision to take FirstService public and completed an initial public offering on the Toronto Stock Exchange. In 1995, its shares were listed on NASDAQ.[17] In 1996, Hennick intimately left his private law practice to focus on the expansion of FirstService as the company’s founder and chief executive officer. He was named Canada's Entrepreneur of the Year in 1998 and CEO of the Year from Canadian Business Magazine in 2001.[18]

In June 2015, FirstService completed a plan of arrangement to separate FirstService into two stand-alone publicly traded companies: Colliers International Group Inc. and FirstService Corporation.[19] Hennick became global chairman and chief executive officer of Colliers, and chairman and founder of FirstService.[20] The market capitalization of Colliers is more than US$5 billion and Hennick owns, directly and indirectly, more than 14 percent of the equity and 45 percent of the votes of the company.[21]

Hennick was the 2019 International Horatio Alger Award Recipient and became a member of the Order of Canada that same year.[22] Hennick was inducted into the Canadian Business Hall of Fame in 2024.[23]

The Jay and Barbara Hennick Family Foundation

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Hennick, along with his wife Barbara, co-founded The Jay and Barbara Hennick Family Foundation, which donates to causes focused on education, health care and the arts primarily in Canada. The following are some of the causes the foundation has supported: the Hennick Centre of Business and Law at York University, providing post-graduate studies for students in business or law;[24] the Jay S. Hennick Business and Community Leadership Program at the University of Ottawa, which provides financial support to JD law students who have been admitted into the MBA program at the Telfer School of Management as part of the combined JD-MBA program at the University of Ottawa;[25] the Hennick Family Wellness Centre, which opened at Mount Sinai Hospital in 2016 and houses the largest collection of the art works of iconic Canadian artist Sorel Etrog;[26] Yad Vashem in Israel named one of its entrance arches at the Yad Vashem Entrance Plaza after Barbara and Jay Hennick and Family.[27]

Sinai Health announced that the Hennick family donated $36 million in October 2021, the single largest donation in its history and resulting in renaming its facility the Hennick Bridgepoint Hospital.[28] In July 2022, The Jay and Barbara Hennick Family Foundation made a historic donation of $50 million to the Royal Ontario Museum in support of a multi-year revitalization plan. It represented the largest cash gift in the museum’s history.[29][30]

References

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  1. ^ "From Pool Boy to Billionaire".
  2. ^ "Jay Hennick". Bloomberg News.
  3. ^ "SEC Data First Service".
  4. ^ "Jay and Barbara Hennick Family Foundation".
  5. ^ "Jay Hennick". Forbes. 2022.
  6. ^ "Jay Hennick". Forbes. Retrieved 2023-10-21.
  7. ^ "Big Fish Small Pond: an Ocean of Opportunity". The Globe and Mail.
  8. ^ "Horatio Alger: Jay Hennick".
  9. ^ "Common Law History at the University of Ottawa" (PDF). p. 97.
  10. ^ a b "Jay S. Hennick, C.M."
  11. ^ "Made You Look: A True Story About Fake Art".
  12. ^ Avrich, Barry. "Born Hungry tells the remarkable story of Sash Simpson, a street kid from India who became a Canadian top chef". CBC.
  13. ^ English, Chuck; Lidsky, Mo (22 June 2015). The Philanthropic Mind. Dog Ear. ISBN 9781457533884.
  14. ^ "Jay Hennick".
  15. ^ Greg Meckbach (May 24, 2019). "This restoration contracting acquisition should close by summer".
  16. ^ "Drucker in Practice: An Interview with Jay Hennick, Founder and Chairman of FirstService Corporation, Part I".
  17. ^ "SEC Archives".
  18. ^ "York University to Honour Four Distinguished Citizens at Fall Convocation".
  19. ^ "Colliers splitting from parent to expand in commercial property". The Globe and Mail.
  20. ^ "Colliers to split from parent amid expansion plans".
  21. ^ "Colliers Completes Transaction to Settle Long-Term Incentive Arrangement and Establish Timeline for Orderly Elimination of Dual Class Voting Structure".
  22. ^ "Jay S. Hennick to receive the 2019 International Horatio Alger Award".
  23. ^ "Meet this year's Inductees to the Canadian Business Hall of Fame". Globe and Mail.
  24. ^ "Hennick Centre for Business and Law".
  25. ^ "Explore the Hennick Centre".
  26. ^ "Hennick Family Wellness Gallery".
  27. ^ "Yad Vashem, Volume 90, October 2019" (PDF).
  28. ^ "Hennick Bridgepoint Hospital Announcement, Globe & Mail, November 2021" (PDF).
  29. ^ "Royal Ontario Museum announces $50 million cash gift — largest in its history". thestar.com. 2022-06-23. Retrieved 2022-07-11.
  30. ^ "Hennick Family donates $50 million to advance ROM's strategic vision". Royal Ontario Museum. Retrieved 2022-07-11.
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