Power Financial Corporation
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. 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.
Contact Details
Office Address
Power Financial Corporation
751 Victoria Sq.
Montreal, QC, Canada H2Y2J3
Phone: (514) 286-7400
Fax: (514) 286-7424
Executives
Co-Chairman
Paul Desmarais Jr.
President, CEO, and Director
R. Jeffrey Orr