Jay S. Hennick, Global CEO & Chairman of Colliers | Canadian Business Hall of Fame Legacy Video
A look back on Global Chief Executive Officer & Chairman of Colliers, Jay Hennickβs career as he is inducted into the Canadian Business Hall of Fame.
Global Chairman & CEO, Colliers
Search every verified Jay Hennick interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Jay Hennick, Global Chairman and CEO of Colliers, was inducted into the Canadian Business Hall of Fame in May 2024. In a legacy video and acceptance speech, Hennick reflected on his nearly 50-year career, describing his upbringing in a working-class area north of Toronto and his early entrepreneurship at age 17 supplying lifeguards. He stated that he built an "Empire from essential Services business centered around real estate" by buying well-managed service businesses and working with management teams. Hennick noted that FirstService and Colliers were split to allow shareholders to choose between a "steady growth engine" and a "more transaction driven" business. He attributed the success of both companies to a unique operating culture that is "very entrepreneurial" and difficult to replicate, and expressed hope that increasing recurring revenue streams would attract a better market valuation. In his Hall of Fame speech, Hennick outlined five guiding principles: imagination, education, hard work, dealing with adversity, and luck. He said that luck involves "actively shaping your destiny, taking bold actions and seizing key moments." Hennick also emphasized the importance of cultivating a unique culture aligned with a core purpose and vision, and expressed gratitude for the contributions of partners, business leaders, and over 60,000 employees.
“I found I could buy well-managed service businesses at attractive prices and then work with the management teams to build them from there and uh he created an Empire from essential Services business centered around real estate.”
“if we wanted to continue growing at the same Pace we had to split our company and Go in different directions and it would allow shareholders to pick between this very Steady Eddy growth engine called first service and the more transaction driven cers.”
“creating exceptional companies is no small feat it involves cultivating a unique culture that can stand the test of time and then ensuring that everyone is aligned with that core purpose and vision for the future”
“luck is not solely only about chance it's also about actively shaping your destiny taking bold actions and seizing key moments that have the power to shape our lives for the future”
“We have not been particularly pleased with the market valuation of companies in our sector and believe that part of the reason for that is the less or lower level of recurring revenue streams and as you can see over the past two years ours is elevated considerably and if we continue to do that we're hoping that in addi...”
“I think it all comes down to culture and one of the things that we've been able to accomplish both in the other company FirstService and Colliers is a unique operating culture that's very very hard to replicate and we have exceptional teams of people in the case of Colliers they're global they're placed globally they h...”
“there's no value in doing well that which should not be done at all. trying smarter means stepping back, giving the problem a fresh look. it means doing things differently or trying a new approach. trying smarter also means being open-minded to the possibilities.”
“as i see it there's three types of people in the world: those who make things happen, those who wait for things to happen, and those who ask what happened. what kind of person do you want to be? remember when apple created the iphone, they were making things happen. steve jobs was putting his ding in the universe. mean...”
“Graduation is not the end it's actually the beginning. Until now you've worked very hard to gain the skills necessary to develop your own life story. Today you begin to write it.”
“When it comes to the future there's really only three types of people: those who make things happen, those who let things happen, and those who ask what actually did happen.”
“We are buying a phenomenal brand, a company is CMN International carries on business as Colliers International in Canada and operates in 20 other countries around the world. It's the third largest brand, we're very excited about it.”
“This is our biggest acquisition to date so the answer is yes. But we also see great opportunities within this sector. It's a highly fragmented business, there's lots of opportunities to add brokerage operations, to add commercial property management operations. So this really opens up a whole new engine for growth for...”
“They call these ceremonies commencement for a reason, graduation is not the end it's actually the beginning. Until now you've worked very hard to gain the skills necessary to develop your own life story, today you begin to write it.”
“When it comes to the future there's really only three types of people, those who make things happen, those who let things happen and those ask what actually did happen. Regardless of the career you choose you want to be the one who makes things happen.”
A look back on Global Chief Executive Officer & Chairman of Colliers, Jay Hennickβs career as he is inducted into the Canadian Business Hall of Fame.
Global Chief Executive Officer & Chairman of Colliers, Jay Hennick was inducted into the Canadian Business Hall of Fame in May 2024. In this speech he shares the lessons he has learned in his almost 50-year career.
Third quarter 2021 earnings call for Colliers International Group Inc. For further information, please consult the company website at https://www.colliers.com/
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... Doctor of Laws honoris causa admitto te ad gradum. Congratulations. [ Applause ] >> Mr. Chancellor, honored guests, Patrick,Β ...
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