Keith P. Ambachtsheer today received the EBRI Lillywhite Award, given in recognition of outstanding lifetime contributions to America's economic security.
Mr. Ambachtsheer, president and founder of KPA Advisory Services and director of the Rotman International Centre for Pension Management at the University of Toronto, was presented the award by Dallas L. Salisbury, president and CEO of the Employee Benefit Research Institute, at Pensions & Investments' annual East Coast Defined Contribution Conference in Miami.
“Keith's lifetime contributions to the retirement security of Americans — and Canadians — are equaled by few, and make him especially worthy of the Lillywhite Award,” Mr. Salisbury said in a statement about the award.
“Thought leadership and innovation are the apt monikers for Keith,” Mr. Salisbury said in the statement. “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, since every dollar of expense is ultimately one less dollar available for the payment of retirement benefits.”
Through his KPA consulting firm, Mr. Ambachtsheer “provides strategic advice on governance, finance and investment matters to governments, industry associations, pension plan sponsors, foundations and other institutional investors around the world,” the statement said.
Mr. Ambachtsheer writes “The Ambachtsheer Letter,” a monthly publication focusing on pension-related issues. He is also the author most recently of “Pension Revolution: A Solution to the Pension Crisis,” published in 2007.
Mr. Ambachtsheer is also founder of CEM Benchmarking, a research firm that analyzes and monitors pension fund organizational performance and costs.
EBRI 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,” according to the statement. The award is named for Ray Lillywhite, a pioneer in the pension investment field.