Duyuru • May 23
Power Corporation of Canada, Great-West Lifeco Inc. and IGM Financial Inc. Announce Joint Investment in Sagard AI Fund Power Corporation of Canada, Great-West Lifeco Inc., and IGM Financial Inc. announced a combined USD 150 million investment in the newly established Sagard AI Fund LP. The Fund is a closed-end investment vehicle focused on backing leading artificial intelligence companies that are accelerating the adoption of AI across financial services and other key sectors globally. This investment forms part of a broader approach across the Power group to engage early and meaningfully with AI as a foundational technology supporting long-term growth, productivity gains, talent development, and enhanced client and advisor experiences. AI is increasingly expected to play a transformational role across insurance, wealth management, asset management, and retirement services. Through this investment, Power Corporation of Canada, Great-West Lifeco Inc., and IGM Financial Inc. are strengthening their ability to remain informed and proactive as AI continues to evolve rapidly, while creating practical pathways to deploy AI-driven solutions across their respective businesses. The Fund has been established to provide the Power group with access to global AI market intelligence, including insight into leading AI-first companies across sectors and geographies, structured strategic engagement enabling commercial partnerships, pilot initiatives, and real-world application opportunities across the group, potential for incremental investment opportunities in companies demonstrating strong strategic alignment, and attractive long-term return potential, supported by a disciplined and diversified AI investment approach. Leveraging Sagard's expertise investing in transformative companies globally, the Fund is designed to combine capital deployment with active engagement, providing the Power group with early exposure to innovative AI companies while supporting thoughtful and responsible integration of AI capabilities within their operating businesses. The Power group expects AI to meaningfully enhance decision-making, operational efficiency, and the delivery of financial advice and solutions over time. Duyuru • May 11
Great-West Lifeco Inc. announces Quarterly dividend, payable on June 30, 2026 Great-West Lifeco Inc. announced Quarterly dividend of CAD 0.6700 per share payable on June 30, 2026, ex-date on June 02, 2026 and record date on June 02, 2026. Duyuru • May 09
Great-West Lifeco Inc. Elects Sally M. Dewar as Director Great-West Lifeco Inc. at its Annual and Special Meeting of Shareholders held on May 7, 2026 elected Sally M. Dewar as director. Duyuru • Apr 15
Great-West Lifeco Inc. to Report Q1, 2026 Results on May 06, 2026 Great-West Lifeco Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Duyuru • Feb 17
Great-West Lifeco Inc., Annual General Meeting, May 07, 2026 Great-West Lifeco Inc., Annual General Meeting, May 07, 2026. Location: manitoba, winnipeg Canada Duyuru • Feb 12
Great-West Lifeco Inc. Approves A Quarterly Dividend, Payable on March 31, 2026 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.67 per share on the common shares of Lifeco, an increase of 10% per share, payable March 31, 2026, to shareholders of record at the close of business March 3, 2026. Duyuru • Jan 21
Great-West Lifeco Inc. to Report Q4, 2025 Results on Feb 11, 2026 Great-West Lifeco Inc. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Duyuru • Nov 06
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on December 31, 2025 Great-West Lifeco Inc. announced that the Board of Directors approved a quarterly dividend of $0.61 per share on the common shares of Lifeco payable December 31, 2025, to shareholders of record at the close of business December 3, 2025. Duyuru • Sep 05
Great-West Lifeco Inc. Appoints John Melvin as Chief Investment Officer, Effective October 1, 2025 Great-West Lifeco Inc. announced the appointment of John Melvin as Chief Investment Officer, effective October 1, 2025. John brings over 30 years of investment experience, including as a Chief Investment Officer with a large North American financial institution, and with more than 20 years focused on insurance asset management. In this new role, John will focus on enhancing investment capabilities, optimizing the portfolio, and identifying new opportunities to drive sustainable growth. Throughout his career, John has demonstrated exceptional leadership and a deep understanding of the investment landscape. He's been instrumental in developing and executing strategies that have delivered strong performance and growth. This appointment, made after a thorough search, underscores Great-West Lifeco's commitment to attracting top talent and strengthening its leadership team to support the company's strategic objectives. Duyuru • Aug 08
Great-West Lifeco Inc. Approves Quarterly Dividend on Common Shares, Payable on September 29, 2025 Great-West Lifeco Inc. Board of Directors approved a quarterly dividend of $0.61 per share on the common shares of Lifeco payable September 29, 2025, to shareholders of record at the close of business August 29, 2025. Duyuru • May 22
Great-West Lifeco Appoints Lindsey Rix-Broom as CEO, Europe Effective July 1, 2025 Great-West Lifeco Inc. announced Lindsey Rix-Broom, currently CEO of Canada Life U.K., has been appointed CEO, Europe, effective July 1, 2025. Lindsey will report directly to Lifeco's President & CEO and join the Lifeco Executive Management Committee. She will continue to lead Canada Life U.K. until a successor is appointed, ensuring a smooth transition and continued momentum. Lindsey is a recognized industry executive with 25 years of leadership experience. As the CEO of Canada Life U.K., she’s brought strong focus and ambition, delivering on strategic priorities to simplify, modernize, and grow the business. She’s spearheaded substantial growth across key business lines, capitalized on a significant market opportunity within the U.K. Bulk Purchase Annuity sector, unlocked significant value from the balance sheet, and led major modernization efforts across operations and technology. Lindsey will report directly to Lifeco’s President & CEO and join the Lifeco Executive Management Committee. She will continue to lead Canada Life U.K. until a successor is appointed, ensuring a smooth transition and continued momentum. Duyuru • May 09
Great-West Lifeco Inc. Approves Quarterly Dividend on Common Shares, Payable on June 30, 2025 Great-West Lifeco Inc. announced the Board of Directors approved a quarterly dividend of $0.61 per share on the common shares of Lifeco, payable on June 30, 2025, to shareholders of record at the close of business June 2, 2025. Duyuru • Feb 18
Great-West Lifeco Inc., Annual General Meeting, May 08, 2025 Great-West Lifeco Inc., Annual General Meeting, May 08, 2025. Location: ontario, toronto Canada Duyuru • Feb 06
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on March 31, 2025 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.61 per share on the common shares of Lifeco, an increase of $0.055 per share, payable March 31, 2025, to shareholders of record at the close of business March 3, 2025. Duyuru • Jan 29
Great-West Lifeco Inc. to Report Q1, 2025 Results on May 07, 2025 Great-West Lifeco Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Duyuru • Dec 04
Great-West Lifeco Inc. to Report Q4, 2024 Results on Feb 05, 2025 Great-West Lifeco Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 05, 2025 Duyuru • Nov 07
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on December 31, 2024 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.555 per share on the common shares of Lifeco payable December 31, 2024 to shareholders of record at the close of business December 3, 2024. For purposes of the Income Tax Act (Canada), and any similar provincial legislation, the dividends referred to above are eligible dividends. Duyuru • May 30
Great-West Lifeco Inc. Appoints Shubha Khan as SVP, Head of Investor Relations, Effective June 3 Great-West Lifeco Inc. announced the appointment of Shubha Khan to the role of SVP, Head of Investor Relations. Based in Toronto, he will be responsible for leading all aspects of investor strategy and interactions with equity investors and analysts effective June 3. Shubha brings deep experience in Investor Relations, including most recently as Vice President at Intact Financial Corporation, where he led Investor Relations. Shubha also previously held positions at Manulife Financial and as an analyst covering the Canadian financial services sector. Duyuru • Feb 15
Great-West Lifeco Inc. Approves Quarterly Dividend on Common Shares, Payable March 28, 2024 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.555 per share on the common shares of Lifeco payable March 28, 2024 to shareholders of record at the close of business February 29, 2024. Duyuru • Feb 11
Great-West Lifeco Inc., Annual General Meeting, May 02, 2024 Great-West Lifeco Inc., Annual General Meeting, May 02, 2024. Duyuru • Feb 01
Great-West Lifeco Inc. Announces Management Changes Great-West Lifeco announced the upcoming retirement of Arshil Jamal from his position as President and Group Head, Strategy, Investments, Reinsurance and Corporate Development. Arshil has been with the company for over 25 years, serving in a variety of roles including nine years as the company's President and Chief Operating Officer, Europe and Reinsurance. Effective February 16, 2024, David Harney, President and Chief Operating Officer, Europe will assume expanded accountabilities to include the company's Capital & Risk Solutions segment. As a result, Raman Srivastava, EVP and Global Chief Investment Officer will report directly to Paul Mahon. Duyuru • Nov 11
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable December 29, 2023 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.52 per share on the common shares of Lifeco payable December 29, 2023 to shareholders of record at the close of business November 30, 2023. Duyuru • Aug 10
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable September 29, 2023 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.52 per share on the common shares of Lifeco payable September 29, 2023 to shareholders of record at the close of business August 31, 2023. Duyuru • Jul 07
Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard and Great-West Lifeco Inc. has agreed to increase its existing minority stake. Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard on July 6, 2023. Great-West Lifeco Inc. has agreed to increase its existing minority stake and on closing, Power Corporation of Canada will remain the controlling shareholder of Sagard. The transaction is expected to close during the third quarter of 2023 and is subject to regulatory approvals. Duyuru • Jun 01
Franklin Resources, Inc. (NYSE:BEN) entered into a definitive agreement to acquire Putnam LLC from Great-West Lifeco Inc. (TSX:GWO) for $1.3 billion. Franklin Resources, Inc. (NYSE:BEN) entered into a definitive agreement to acquire Putnam LLC from Great-West Lifeco Inc. (TSX:GWO) for $1.3 billion on May 31, 2023. The total potential transaction consideration and retained value is estimated to be $1.7-1.8 billion. Franklin Templeton will pay upfront consideration of $950 million-1.0 billion, consisting of 33.33 million Franklin Templeton shares at closing and $100 million in cash 6 months after closing. In addition, Franklin Templeton will pay up to $375 million in contingent consideration tied to revenue growth targets from the partnership. Lifeco will retain PanAgora, and realize the value of Putnam’s seed capital, which, together with closing adjustments, are estimated to be worth $375-425 million. Lifeco will also retain certain deferred tax assets related to Putnam. Great-West Lifeco will hold a 4.9% interest in Franklin Templeton on a long-term basis and will retain its controlling interest in PanAgora. Great-West Lifeco to allocate initial $25 billion of AUM to Franklin Templeton.
The transaction is contingent on regulatory and other customary conditions. The transaction is expected to close in the fourth quarter of 2023. The transaction is expected to be modestly accretive to run-rate adjusted EPS by the end of the first year after closing, inclusive of cost synergies. Morgan Stanley & Co. LLC and Rockefeller Capital Management served as financial advisors and Sullivan & Cromwell LLP served as legal counsel to Lifeco and Putnam Investments. Ardea Partners LP served as lead financial advisor and Broadhaven Capital Partners LLC provided financial advice to Franklin Templeton. Willkie Farr & Gallagher LLP served as legal counsel. Duyuru • May 13
Great-West Lifeco Inc. Announces Chief Financial Officer Succession Plan Great-West Lifeco Inc. is announcing a succession plan for its Chief Financial Officer to support the company's focus on building long-term, sustainable growth for its shareholders and all stakeholders. Jon Nielsen will be joining the company as CFO designate on September 5, 2023, and will be appointed Chief Financial Officer in Quarter 1 2024. Garry MacNicholas has made the decision to retire in Quarter 2, 2024 and will be working closely with Jon to ensure a seamless transition. Jon joins Lifeco from Asian-based insurer, FWD, where he served as Chief Financial Officer. He has extensive international experience from across the insurance sector, having undertaken senior finance and risk roles in the United States, Asia, and Europe. He also holds a Master of Professional Accountancy and a Bachelor of Science in Business Administration from the University of Nebraska Lincoln. After a successful 40-year career with the company that included leadership roles in Operations, Actuarial, Risk, and Finance, Garry MacNicholas has chosen to retire. Duyuru • May 11
Great-West Lifeco Inc. Elects Dhvani D. Shah as Director Great-West Lifeco Inc. announced at annual general special meeting held on May 10, 2023, the shareholders elected Dhvani D. Shah as Director of the company. Duyuru • May 10
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on June 30, 2023 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.52 per share on the common shares of Lifeco payable June 30, 2023 to shareholders of record at the close of business May 31, 2023. Duyuru • Feb 18
Great-West Lifeco Inc., Annual General Meeting, May 10, 2023 Great-West Lifeco Inc., Annual General Meeting, May 10, 2023. Duyuru • Feb 09
Great-West Lifeco Inc. Approves Quarterly Dividend, Payable on March 31, 2023 The Board of Directors of Great-West Lifeco Inc. approved a quarterly dividend of $0.5200 per share on the common shares of Lifeco, an increase of 6% payable March 31, 2023 to shareholders of record at the close of business March 3, 2023. Duyuru • Jan 18
Great-West Lifeco Inc. Announces Executive Changes Effective February 13, 2023 Great-West Lifeco Inc. announced the appointment of Dervla Tomlin, current Chief Actuary, as Chief Risk Officer, effective February 13, 2023. In her new role, Dervla will lead all aspects of risk management across Great-West Lifeco. She will also continue to have responsibility for the company's Actuarial function with the Appointed Actuary reporting to her. Dervla brings over 30 years’ experience in the industry to this role. She was appointed Chief Actuary, Lifeco in April 2015, having previously served as the Chief Risk Officer and Chief Actuary for Irish Life. In addition to corporate actuarial and risk experience, Dervla has extensive operational experience, including pricing and product development, marketing, customer service and leading a successful strategic business transformation. Dervla joined the Great-West Lifeco team in 2013 as part of the acquisition of Irish Life. She has a degree in mathematics and economics from University College Dublin. She is a Fellow of the Society of Actuaries in Ireland and the UK Institute of Actuaries and an Associate of the Canadian Institute of Actuaries. Throughout her career, she has been an active member of professional and industry bodies. She is a Past President of the Society of Actuaries in Ireland. Dervla succeeds Graham Bird, who is retiring in April this year having served as Chief Risk Officer since 2015. During his tenure, Graham has overseen the development of leading Risk functions for the company and championed a sophisticated risk-based culture for the benefit of all the company's stakeholders. Through his tenure, Lifeco and Operating Company teams have benefited from Graham’s strong commercial mindset and deep risk expertise. Prior to joining Great-West Lifeco, Graham served in a number of senior roles within the financial services industry in North America and Europe. Graham will be supporting the transition as a special advisor to the CEO until his retirement on April 30, 2023, after which he will continue in an advisory capacity to Great-West Lifeco.