WINNIPEG, Manitoba,
November 8, 2018 /PRNewswire/ --
TSX: GWO
All figures are expressed in Canadian dollars, except as
noted.
Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors
Inc. (GWLRA), has been appointed Executive Vice-President, Global
Head of Real Estate for Great-West Lifeco. The appointment is
effective immediately.
In this newly-created role, Mr. Finkbeiner will report to
Raman Srivastava, Executive
Vice-President and Global Chief Investment Officer, Great-West
Lifeco. He will work closely with regional leaders to set a
strategic direction and deliver on investment goals across a
diverse global real estate investment platform. In addition, he
will provide leadership and coordination in building out the global
real estate investment business for third-party investors.
"Under Paul's strong leadership, GWLRA has become one of
Canada's leading real estate
organizations," said Mr. Srivastava. "In this role, Paul will work
to establish a global real estate platform leveraging our existing
strong regional capabilities to allow us to continue to accelerate
our growth and maximize our access to investments across the
regions. We're excited to chart a strategic path to further expand
our global real estate footprint."
Mr. Finkbeiner has over 30 years of real estate experience and
joined the organization over 20 years ago. He has held senior
leadership positions at GWLRA - most recently serving as President,
where he was responsible for the overall management and growth of
its real estate portfolio. With Mr. Finkbeiner at the helm, GWLRA
grew from $800 million in assets
under management to $17 billion in
assets under management, managing more than 230 office, industrial,
retail and multi-residential properties located across the country.
Collectively, Great-West Lifeco currently manages approximately
$25 billion in real estate assets
across the globe.
With this announcement, Ralf Dost
has been appointed President, GWLRA. With over 35 years of real
estate industry experience, Mr. Dost most recently served as
GWLRA's Executive Vice-President and Chief Operating Officer, where
he was responsible for GWLRA's asset and property management,
investment, finance and portfolio management functions.
About GWL Realty Advisors Inc.
GWL Realty Advisors is a leading real estate investment advisor
providing comprehensive asset management, property management,
development and specialized real estate advisory services to
pension funds and institutional clients. In 2018, GWLRA received a
Green Star ranking for the fourth consecutive year from the Global
Real Estate Sustainability Benchmark, the world's leading benchmark
for evaluating and ranking the sustainability practices of real
estate companies. GWL Realty Advisors is a subsidiary of The
Great-West Life Assurance Company. To learn more, visit
http://www.gwlra.com.
About Great-West Lifeco Inc.
Great-West Lifeco is an international financial services holding
company with interests in life insurance, health insurance,
retirement and investment services, asset management and
reinsurance businesses. Great-West Lifeco has operations in
Canada, the United States and Europe through Great-West Life, London Life,
Canada Life, Irish Life, Great-West
Financial and Putnam Investments. Great-West Lifeco and its
companies have over $1.4 trillion in
consolidated assets under administration as at September 30, 2018 and are members of the Power
Financial Corporation group of companies. Great-West Lifeco trades
on the Toronto Stock Exchange (TSX) under the ticker symbol GWO. To
learn more, visit greatwestlifeco.com.
Media Relations: Liz Kulyk,
+1-204-926-5012, media.relations@gwl.ca; Investor Relations:
Deirdre Neary, +1-416-552-3208,
deirdre.neary@gwl.ca