Arshil Jamal named President
and Group Head, Strategy, Investments, Reinsurance and Corporate
Development
David Harney
named President and COO, Europe
Declan
Bolger appointed CEO, Irish Life Group
WINNIPEG, Feb. 13, 2020 /CNW/ - Great-West Lifeco Inc.
today announced leadership changes to leverage organizational
expertise with a focus on growth priorities, talent development and
succession planning.
Arshil Jamal, currently President and COO, Europe & Reinsurance, will take on a newly
created role at Great-West Lifeco: President and Group Head,
Strategy, Investments, Reinsurance and Corporate Development.
Working with these teams and operating company presidents, his
focus will be on identifying and driving value creation initiatives
across Great-West Lifeco. Raman
Srivastava, EVP and Global Chief Investment Officer and
Jeff Poulin, EVP and CEO of Canada
Life Reinsurance will report to Mr. Jamal in this new role. Mr.
Jamal will continue to report to Paul
Mahon, President and CEO, Great-West Lifeco.
"Arshil has built a strong foundation for the next phase of our
growth in Europe," said Mr.
Mahon. "With this appointment, we will leverage his growth
mindset more broadly across Lifeco. He will play a critical role in
driving and executing our strategic plans, with a focus on creating
substantial value for shareholders."
Mr. Jamal joined Canada Life in 1998 and has been President and
COO, Europe & Reinsurance for
the last nine years.
As a result of this appointment, David
Harney, currently CEO of Irish Life Group, has been named
President and COO, Europe, and
Declan Bolger, currently CEO of
Canada Life Europe, has been named CEO, Irish Life Group.
Mr. Mahon said these moves are examples of the company's
continued and disciplined approach to leveraging talent and
expertise. "Both David and Declan have guided their respective
organizations to achieve strong results. I'm confident their
excellent leadership track records, combined with their vision and
dedication, positions each to deliver equally strong results in
their new roles."
Mr. Harney has been associated with Irish Life for more than 30
years, including the last three as CEO. During this time, he led
the organization in strengthening the Irish Life brand and customer
focus while continuing to build on its leading market position. In
his new role, Mr. Harney will report to Mr. Mahon and will provide
strategic leadership and oversight of Great-West Lifeco's
U.K., Irish, and German divisions.
Mr. Bolger was part of the founding team of Canada Life Europe
in 2000 and has led the organization for the last 10 years as CEO.
Under his leadership, the company, through strategic investments in
innovative products and technology, has more than doubled in size
to become one of the leading companies in the German broker
market.
Mr. Bolger will continue to serve as the leader of the German
business while a process is undertaken to choose his successor.
Full biographies and photos for each are available
here.
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. We operate in Canada, the United
States and Europe under the
brands Canada Life, Empower Retirement, Putnam Investments, and
Irish Life. At the end of 2019, our companies had
approximately 24,000 employees, 197,000 advisor relationships,
and thousands of distribution partners – all serving our more than
31 million customer relationships across these regions.
Great-West Lifeco and its companies have over $1.6 trillion in consolidated assets under
administration as at December 31,
2019 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.
All figures are expressed in Canadian dollars, except as
noted.
Media Relations: Liz Kulyk,
204-926-5012, media.relations@gwl.ca | Investor Relations:
Deirdre Neary, 416-552-3208,
deirdre.neary@gwl.ca