Background
Morneau was born to William Francis "Frank" Morneau, Senior and Helen (Lynch) Morneau in Toronto, where he attended Senator O"Connor College School.
Morneau was born to William Francis "Frank" Morneau, Senior and Helen (Lynch) Morneau in Toronto, where he attended Senator O"Connor College School.
From 1981 to 1986, Morneau attended The University of Western Ontario and completed an Honours Bachelor. (Economy) and an Master of Business Administration respectively.
Morneau was executive chair of Canada’s largest human resources firm, Morneau Shepell, and the former chair of the C. Doctorate. Howe Institute. He has also been chair of the board at Saint Michael"s Hospital, and Covenant House. Since November 4, 2015, he has been Canada"s Minister of Finance.
During that time he also spent one year at University of Grenoble (France).
He later went on to study at the London School of Economics (United Kingdom) and European Institute of Business Administration (Institut Européen d'Administration des Affaires) (France) where he earned an Master of Science In 2010, he sponsored Grace Acan, a Grade 9 girl originally from Northern Uganda, and now consider part of the family and calls him "Dad."
As executive chair of Morneau Shepell, the largest Canadian human resources services organization with offices across North America, Morneau led the firm through a period of growth from approximately 200 employees in 1992 to almost 4000 in 2015.
Under his leadership the firm has gone through several significant changes, including the acquisition of Sobeco from Ernst & Young in 1997, going public on the Toronto Stock Exchange in 2005, and the acquisition of Shepell-FGI in 2008. Morneau Shepell provides over 20,000 organizations representing millions of Canadians with pension, employee benefit and employee assistance programs.
Since joining the company in 1987, Morneau’s executive positions have included appointments as president in 1992, president and chief executive officer in 1998, and chair and chief executive officer in 2008.
Morneau was appointed as pension investment advisor to the Ontario Minister of Finance Dwight Duncan in 2012, providing counsel aimed at facilitating the pooling of public-sector pension fund assets. In 2014, he was appointed by Ontario Premier Kathleen Wynne to an expert panel led by former Prime Minister Paul Martin to recommend an Ontario pension supplement to the Canada Pension Plan. Morneau served as the chair of the board at Saint Michael"s Hospital from 2009 to 2013, and as a board member from 2003 to 2013.
He has also served on the board of Saint Michael’s Hospital Foundation (2013–2015).
Previously, Morneau served as the chair of Covenant House (1997–2000), chair of the Communicative Disorders Howe Institute (2010–2014), and as a board member at AGF Management (2001–2014). He has volunteered as a board member for the Loran Scholars Foundation (2008-2015), the Art Gallery of Ontario Foundation (2004–2011), the Canadian Opera Company (2001–2010), Greenwood College (2012–2015), and the Toronto Zoo Foundation (2000–2004).
In June 2014, Morneau was nominated as the Liberal Party of Canada candidate for the newly configured riding of Toronto Centre. In December 2014, he was also appointed to serve on Justin Trudeau’s Economic Council of Advisors to provide the Liberal leader with advice on economic issues.
Morneau was the federal Liberal candidate in Toronto Centre for the 2015 federal election.
In the election, Morneau defeated the NDP"s Linda McQuaig. On November 4, 2015, Morneau was named by Prime Minister Justin Trudeau as Minister of Finance for Canada.