TORONTO, Aug. 4 /CNW/ - It is with great sadness that the partners at
Lawrence Asset Management Inc. and the shareholders at Lawrence & Company Inc.
share the news of the unexpected and tragic death of founder Jack Lawrence, in
a plane crash on Lake Muskoka on Monday, August 3, 2009.
Jack founded Lawrence & Company Inc. in 1996 to pursue his passion for
investing, with a particular emphasis on venture capital opportunities.
Weathering the downturn of the tech-bubble, he co-founded fund manager
Lawrence Asset Management Inc. in 2001. While decreasing his day-to-day
activities at the firm in recent years, Jack continued to provide leadership,
guidance and oversight, drawing on his extensive reputation, knowledge and
experience in Canadian capital markets.
Jack was formerly the Deputy Chairman of Nesbitt Burns Inc., Canada's
second largest investment bank, and the President of BMO Investment Counsel,
having been Chief Executive Officer of Burns Fry Limited and its predecessor
companies for more than 30 years. Jack's career began at Fry Mills Spence
where he became President after 5 years, merging with Burns Bros Denton in
1976 to create the powerhouse that would become Burns Fry.
As well as a dynamic career on Bay Street that spanned decades, Jack was
a strong proponent on behalf of business playing an active role in Canadian
public policy. He was vocal in expressing his view to government and policy
makers and was an active member of the Canadian Council of Chief Executives
(CCCE) (formerly the Business Council on National Issues) for many years. In
2001, Jack donated $3.7 million to the Richard Ivey School of Business at the
University of Western Ontario to fund the building of the Lawrence National
Centre for Policy and Management - a forum for business, media, students and
academia to work with government and actively participate in public policy
issues for the greater Canadian good. As a graduate of UWO (HBA'56), Jack was
committed to seeing the Centre provide the guiding spirit to help students,
business leaders, academia and public officials understand, discuss and
contribute to the building of sound public policy ensuring a powerful future
for Canada in the global environment.
"Our thoughts are with Jack's family and friends at this difficult time,"
said Ravi Sood, President of Lawrence Asset Management Inc. "Jack's well known
commitment to health, fitness and living a full and active lifestyle make this
loss so unexpected and tragic. He will be remembered on Bay Street for the
contributions he made to Canadian capital markets over the years and at
Lawrence Asset Management we will continue to build upon the legacy founded by
Further details regarding funeral arrangements will be made available
later this week.
For further information:
For further information: Catherine Stretch, (416) 362-6283,