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Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 73%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance, Canada Life, and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance, provides employee benefits and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.
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| | | Contact Information | |
Address: |
751 Victoria Sq.
Montreal, Quebec H2Y 2J3, Canada
| | Phone: | 514-286-7400 | | Fax: | 514-286-7424 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 29849.70 M | | Revenue Growth (1 yr): | 2.20% | | Employees (2008): | 30,000 | | Employee Growth (1 yr): | 15.40% |
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Key People
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Co-Chairman:
André R. Desmarais
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Co-Chairman:
Paul Desmarais Jr.
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President, CEO, and Director:
R. Jeffrey Orr
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