ABAB Pedia

Michael Lee-Chin

Michael Lee-Chin is a Jamaican-born entrepreneur, investor and philanthropist based in Canada. He serves as president and chairman of Portland Holdings and chairman of National Commercial Bank Jamaica. After building AIC’s fund business, he expanded into banking, telecommunications and other investments, supported museums, universities and hospitals, and appeared on School of Hard Knocks.

Contents30 sections
Key facts

Birth

Michael Lee-Chin was born in Port Antonio, Jamaica, the eldest of nine children.⁠[1]

Moving to Canada to Study

He moved to Canada to study civil engineering at McMaster University.⁠[1]

Engineering Degree

He earned a Bachelor of Engineering at McMaster University and returned to Jamaica to work in highway engineering.⁠[2][3]

Entering Financial Services

After returning to Canada, he moved into brokerage and financial services.⁠[3]

Investing in Mackenzie Financial

According to his company biography, he borrowed to buy C$500,000 of Mackenzie Financial stock and later used the gains to expand his business.⁠[4]

Acquiring AIC

He acquired Ontario investment firm AIC. Portland’s 2009 transaction announcement explicitly dates the acquisition to 1987 and says assets under management were then below C$1 million.⁠[5]

Investing in National Commercial Bank Jamaica

He acquired a 75% stake in National Commercial Bank Jamaica (NCB), embarking on a restructuring of the bank.⁠[3]

Royal Ontario Museum Gift

The Royal Ontario Museum announced his C$30 million gift to Renaissance ROM. Its expansion bears the name Michael Lee-Chin Crystal.⁠[1][6]

Honorary Degree

McMaster University awarded him an honorary Doctor of Laws, distinct from his earned engineering degree.⁠[2]

Supporting Corporate Citizenship Research

He supported the creation of a corporate citizenship institute at the University of Toronto’s Rotman School of Management. Named for his family, it develops research and teaching on integrating corporate responsibility into business.⁠[7]

Columbus Telecommunications Investment

Portland partnered with Risley Group to form Columbus International, operating telecommunications networks across the Caribbean and Latin America.⁠[4]

Pressure on AIC’s Performance

Wharton reported weaker fund performance and investor withdrawals at AIC. Lee-Chin continued to advocate concentrated, long-term ownership of businesses he understood.⁠[3]

Selling Berkshire

Manulife acquired his Berkshire wealth-management business.⁠[5]

Order of Jamaica

He received the Order of Jamaica for contributions to business and philanthropy.⁠[4]

Sale of AIC’s Retail Fund Business

Manulife completed its acquisition of AIC’s Canadian retail fund business, adding approximately C$3.8 billion in assets under management. Portland retained sub-advisory roles for some funds. The asset figure was not the purchase price.⁠[8][5]

University Chancellor

He served as chancellor of Wilfrid Laurier University, a ceremonial and public-facing role. Eileen Mercier succeeded him in 2016.⁠[9][10]

Mandeville Wealth-Management Platform

Through Mandeville Holdings, he assembled businesses in investment management, securities dealing and insurance services.⁠[4]

Joseph Brant Hospital Donation

He donated C$10 million toward the expansion and refurbishment of Joseph Brant Hospital in Burlington, Ontario.⁠[11]

Sale of Columbus

Cable & Wireless Communications acquired Columbus, ending Portland’s previous ownership of the business.⁠[4]

Economic Growth Council

He became chair of Jamaica’s Economic Growth Council. The council submitted growth proposals to Cabinet; these were policy recommendations rather than achieved economic outcomes.⁠[12]

Guardian Holdings Investment

The NCB group acquired approximately 29.99% of Guardian Holdings in 2016 and completed a takeover offer in 2019, raising its stake to nearly 62%.⁠[1]

Order of Ontario

He was named among the 2017 appointees to the Order of Ontario for entrepreneurship and philanthropy.⁠[6]

Nuclear Technology Cooperation

Canadian Nuclear Laboratories and Portland’s AIC Global Holdings signed an MOU to combine scientific capabilities with business expertise and funding in clean energy, health sciences and environmental projects, including radiopharmaceutical research. The agreement did not establish regulatory approval of a treatment.⁠[13]

Delayed Bond Payment and Subsequent Settlement

Bond issuers associated with AIC (Barbados), Portland (Barbados) and Specialty Coffee Investment Company missed a December 31, 2025 deadline for approximately US$94 million. In January 2026, the trustee confirmed receipt, comprising roughly US$75 million in principal and US$19 million in interest. Bondholder representatives subsequently ruled out enforcement over that payment; the companies’ remaining debt had not thereby been fully repaid.⁠[14][15]

AIC Discontinues Litigation

According to Jamaica Gleaner’s reporting on court filings, AIC (Barbados) discontinued its claim against Cornerstone Financial Holdings on March 20. The dispute concerned loans and pledged NCB shares; discontinuance did not establish wrongdoing by either party.⁠[16]

School of Hard Knocks Interview

School of Hard Knocks released the Monaco interview compilation Asking Monaco Billionaires How They Got Rich! Its description names Lee-Chin among the guests discussing entrepreneurship, investing and wealth creation.⁠[17]

The Way of Wealth Publication Plans

Catalogs list his book The Way of Wealth: Stories and Strategies on My Path to a Billion with HarperCollins Canada, combining personal experiences and investment principles. When checked in October 2026, the bookseller’s latest release data listed an expected October 27 publication date, rather than an already released book.⁠[18]

Business Roles

He serves as president and chairman of Portland Holdings and chairman of National Commercial Bank Jamaica. His investment businesses span finance, tourism, agriculture, real estate, energy and nuclear medicine.⁠[19]

Public Accounts

Sources

  1. Michael Lee-Chin (opens in a new window)
  2. Michael Lee-Chin ’74 (opens in a new window)
  3. Michael Lee-Chin Invests in a Region He Says Is Poised for Growth (opens in a new window)
  4. History of Founder (opens in a new window)
  5. Portland Announces Agreement to Sell AIC Holding to Manulife (opens in a new window)
  6. The 2017 Appointees to the Order of Ontario (opens in a new window)
  7. The Michael Lee-Chin Family Institute for Corporate Citizenship (opens in a new window)
  8. Manulife Financial Corporation Reports Fourth Quarter and Annual Results (opens in a new window)
  9. Chancellor (opens in a new window)
  10. Editor’s Note: Change Abounds at Laurier (opens in a new window)
  11. Philanthropist Michael Lee-Chin Donates $10 Million to Joseph Brant Hospital (opens in a new window)
  12. Economic Growth Council Presents Recommendations to Cabinet (opens in a new window)
  13. CNL and Portland Holdings Sign MOU to Address the World’s Climate and Health Challenges (opens in a new window)
  14. Lee-Chin-Linked Firms Pay US$94m after Deadline; Bondholders Rule Out Enforcement (opens in a new window)
  15. Lee Chin Affiliated Entity Makes Bondholder Payment (opens in a new window)
  16. AIC Barbados Discontinues Case (opens in a new window)
  17. Asking Monaco Billionaires How They Got Rich! (opens in a new window)
  18. The Way of Wealth: Stories and Strategies on My Path to a Billion (opens in a new window)
  19. Board of Directors (opens in a new window)
  20. Michael Lee-Chin — X (opens in a new window)
  21. Michael Lee-Chin — YouTube (opens in a new window)
  22. Michael Lee-Chin — Official Media Page (opens in a new window)