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Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the ...
Part of Great-West Life & Annuity Insurance Company, Empower is an indirect wholly owned subsidiary of Great-West Lifeco. Empower is led by President and CEO Edmund F. Murphy III. In 2019, Empower signed a 21-season contract to the naming rights of the Denver Broncos stadium, which is named Empower Field at Mile High.
Power Corporation of Canada ( French: Power Corporation du Canada) is a management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are insurance, retirement, wealth management and investment management, including a portfolio of alternative investment platforms.
In 2003, Great-West Lifeco acquired Canada Life Financial, which later emerged, along with Great-West Life Assurance Company, for US$4.7 billion. Great-West Life sold its health insurance US division to Cigna for US$1.5 billion in a deal announced on November 26, 2007. Great-West was seeking to expand into the western United States.
Power Financial, together with IGM financial and Great-West Lifeco, are anchor investors in funds managed by an affiliate, Portag3 Ventures, which operates investment funds dedicated to backing financial services companies. To date, Portag3 Ventures has invested in more than 45 fintech companies and investment funds.
On May 31, 2023, Great-West Lifeco announced that Franklin Templeton Investments would acquire Putnam for $925 million. PanAgora Asset Management which was a Putnam subsidiary at the time, would not be included in the acquisition. The deal was completed in January 2024. See also. List of mutual-fund families; References
Career. Orr was appointed president and chief executive officer of Power Corporation of Canada in February 2020. [2] [3] He has been president and chief executive officer of Power Financial since 2005. [4] [5] From 2001 to 2005, he was president and chief executive officer of IGM Financial. Prior to joining IGM Financial, he was chairman and ...
Paul Desmarais Jr. was born in Sudbury, Ontario. He was raised Roman Catholic. [1] He is the eldest son of billionaire Paul Desmarais Sr. and Jacqueline Desmarais. [citation needed] He was educated at Lakefield College School in Lakefield, Ontario and later attended McGill University. Afterwards, he earned a Master of Business Administration ...