Latest news with #Great-WestLifeco
Cision Canada
22-05-2025
- Business
- Cision Canada
Lindsey Rix-Broom appointed CEO, Europe of Great-West Lifeco Français
TSX: GWO WINNIPEG, MB, May 22, 2025 /CNW/ - Today, Great-West Lifeco Inc. ("Lifeco" or "the company") announced Lindsey Rix-Broom, currently CEO of Canada Life U.K., has been appointed CEO, Europe, effective July 1, 2025. This follows the previously announced appointment of David Harney, currently President & COO, Europe and Capital & Risk Solutions, as President & CEO, Great-West Lifeco and Canada Life, 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's skill, leadership, commercial acumen, and customer focus have created strong momentum in our U.K. business, and I know she'll bring the same disciplined approach to this role leading our European business segment," said David Harney, Incoming President & CEO, Great-West Lifeco and Canada Life. "I look forward to working closely with Lindsey as we advance Lifeco's strategy in Europe." "Lindsey is a proven leader who has demonstrated her ability to deliver sustainable growth and value," said Paul Mahon, President & CEO, Great-West Lifeco and Canada Life. "With these changes, David Harney has a strong and experienced team to execute against Lifeco's ambitions as he takes on the leadership of the company." "I'm excited about the opportunity to work alongside our leaders across Europe to expand our presence and impact for customers in the U.K., Ireland, and Germany," said Lindsey Rix-Broom, Incoming CEO, Europe. "We have focused strategies, strong teams, and a culture of excellence when it comes to delivering for our customers. I look forward to continuing to build upon Lifeco's momentum established under David Harney." Lindsey's biography is available here. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of December 31, 2024, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. SOURCE Great-West Lifeco Inc.
Yahoo
22-05-2025
- Business
- Yahoo
Lindsey Rix-Broom appointed CEO, Europe of Great-West Lifeco
TSX:GWO WINNIPEG, MB, May 22, 2025 /CNW/ - Today, Great-West Lifeco Inc. ("Lifeco" or "the company") announced Lindsey Rix-Broom, currently CEO of Canada Life U.K., has been appointed CEO, Europe, effective July 1, 2025. This follows the previously announced appointment of David Harney, currently President & COO, Europe and Capital & Risk Solutions, as President & CEO, Great-West Lifeco and Canada Life, 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's skill, leadership, commercial acumen, and customer focus have created strong momentum in our U.K. business, and I know she'll bring the same disciplined approach to this role leading our European business segment," said David Harney, Incoming President & CEO, Great-West Lifeco and Canada Life. "I look forward to working closely with Lindsey as we advance Lifeco's strategy in Europe." "Lindsey is a proven leader who has demonstrated her ability to deliver sustainable growth and value," said Paul Mahon, President & CEO, Great-West Lifeco and Canada Life. "With these changes, David Harney has a strong and experienced team to execute against Lifeco's ambitions as he takes on the leadership of the company." "I'm excited about the opportunity to work alongside our leaders across Europe to expand our presence and impact for customers in the U.K., Ireland, and Germany," said Lindsey Rix-Broom, Incoming CEO, Europe. "We have focused strategies, strong teams, and a culture of excellence when it comes to delivering for our customers. I look forward to continuing to build upon Lifeco's momentum established under David Harney." Lindsey's biography is available here. About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of December 31, 2024, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. View original content to download multimedia: SOURCE Great-West Lifeco Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
08-05-2025
- Business
- Cision Canada
Great-West Lifeco announces election of Directors Français
TORONTO, May 8, 2025 /CNW/ - Great-West Lifeco today announced that at its Annual and Special Meeting of Shareholders all of the 19 director nominees listed in its Management Proxy Circular dated March 13, 2025 were elected. The detailed results of the vote for the election of directors are set out below: Final voting results on all matters voted on at the Annual Meeting will be available at About Great-West Lifeco Inc. Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of March 31, 2025, Great-West Lifeco's total client assets exceeded $3 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit SOURCE Great-West Lifeco Inc.
Business Wire
08-05-2025
- Business
- Business Wire
Empower Reports Base Earnings of $255M in First Quarter, up 13% Year Over Year
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Empower announced today it has achieved base earnings of $255 million for the first quarter of 2025, up 13% from the same period in 2024. The retirement services and wealth management provider added approximately $42 billion in assets under administration to its Workplace Solutions unit over the past 12 months ending March 31, 2025, which includes 700,000 new participants and 12,000 new plans. In addition, Empower Personal Wealth TM, the firm's wealth management unit, which recognized its second anniversary this quarter, has seen net flows up 115% to $2.8 billion from this time last year, driven by retention and strong sales growth of 30% from the prior year. Empower released results as part of a broader quarterly announcement by its parent company, Winnipeg-based Great-West Lifeco (TSX: GWO-CA). For more information on Great-West Lifeco's first-quarter 2025 results, please see the release on firm's website. 'Empower is presenting itself to a range of investors and employers who are coming to us in a greater degree because of our expanding capabilities, insights, and offerings,' said Empower President and CEO Edmund F. Murphy III. 'We are making investments in our customers' needs like never before and they are, in turn, choosing to invest with us.' The company serves more than 19 million individuals and administers more than $1.8 trillion in assets 2. In Empower's Workplace Solutions unit, the second-largest retirement services provider in the U.S. by plan participants 1, request-for-proposal activity in the last year has been higher than any previous year across plan types, including 401(k), 457(b), and 403(b) defined contribution plans of all sizes covering corporate, government, and not-for-profit employers. The $42 billion in AUA represents funded organic sales over the last year. As of March 31, 2025, Empower has provided retirement services to approximately 89,000 retirement plans over the past year. New workplace clients Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize, and large corporate 401(k) clients; nonprofit 403(b) entities; Taft-Hartley plans; and private-label recordkeeping clients. Empower has approximately $56 billion in funded and committed sales for 2025, which will exceed prior full-year sales by 13%, including nine new clients with more than $1 billion in AUA. The firm currently serves 29 state government plans and supports the retirement needs of more than 4 million public employees exceeding more than $252 billion in assets,* and has seen average balances of government employees increase by 7% from this time last year. Empower is the leading provider of retirement services to states and continues to gain new government clients. Within the last year, Empower has welcomed new government clients such as the State of Maryland and the City of Anaheim, CA, and Nassau County, NY, an existing 15-year client, renewed in 2025, as did the State of New Hampshire and Contra Costa County, CA. Expanding capabilities Earlier in the first quarter, the firm launched new capabilities for employers sponsoring retirement plans, announcing a new consumer-directed healthcare (CDH) offering to help individuals manage their healthcare finances in conjunction with their full financial picture. Empower Consumer-Directed Health will offer employers and individuals an array of offerings to help them make use of products and services that allow for optimization of their health and wealth benefits. Empower is now offering benefits such as health savings accounts (HSAs), flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), voluntary employees' beneficiary association plans (VEBAs), wellness incentives, lifestyle benefits, and more. In September 2024, Empower announced the acquisition of Plan Management Corporation (PMC), the creator of OptionTrax, a leading digital equity plan administration platform and service provider, which paved the way for the establishment of Empower Stock Plan Services. ABOUT EMPOWER Recognized as the second-largest retirement services provider in the U.S. 1 by total participants, Empower administers approximately $1.8 trillion in assets 2 for more than 19 million individuals through the provision of retirement plans, advice, wealth management, and investments. Connect with us on Facebook, X, LinkedIn, TikTok, and Instagram. * As of March 31, 2025. 1 Pensions & Investments DC Recordkeeper Survey (2024). Ranking measured by total number of participants as of December 31, 2023. 2 As of or for the year ended March 31, 2025. Information refers to all retirement business of Empower Annuity Insurance Company of America (EAICA) and its subsidiaries, including Empower Retirement, LLC; Empower Life & Annuity Insurance Company of New York (ELAINY); and Empower Annuity Insurance Company (EAIC), marketed under the Empower brand. Assets under Administration (AUA) refers to the assets administered by Empower. AUA does not reflect the financial stability or strength of a company. Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries. 'EMPOWER' and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America. The information contained herein is being provided for discussion purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy or sell securities. All visuals are illustrative only. ©2025 Empower Retirement, LLC. All rights reserved. RO-4483219-0525 Learn more: To learn more about how we're empowering plan sponsors and their participants to be more engaged in their retirement plans than ever before, call us at 800-719-9914.
Irish Times
01-05-2025
- Business
- Irish Times
Former Irish Life CEO David Harney named head of Canadian parent group
Former Irish Life chief executive David Harney has been named as the next chief executive of the group's Canadian parent, Great-West Lifeco, with effect from July. The Roscommon native joined Irish Life straight from school almost four decades ago and ultimately served as its head for four years, before becoming president and chief operating officer for Europe for Great-West Lifeco in 2020. Mr Harney will succeed Paul Mahon, who has been with Great-West Lifeco for 39 years, including 12 years as chief executive. 'David brings a depth of experience, and a proven ability to execute to his new role. He has consistently built strong teams that drive performance', said Jeffrey Orr, chairman of the Canadian group. 'Our board looks forward to working closely with David in his new role as we pursue Lifeco's growth strategy, with a clear focus on creating value, and delivering long-term impact.' READ MORE 'David is a strong and natural choice to build on our momentum. I've worked closely with him for over 12 years and seen his ability to drive positive results, time and again,' said Mr. Mahon. 'His leadership is shaped by his curiosity, focus on deeply understanding the changing needs of customers, and staying ahead of market dynamics to shape strategy. I look forward to supporting him through the transition.' The Irish government bought Irish Life in 2011 from PTSB, then known as Irish Life & Permanent, for €1.3 billion in order to limit the taxpayer bailout bill for the mortgage-focused lender. It subsequently sold the business in 2013 for the same price to Great-West Lifeco. Irish Life is led by chief executive Declan Bolger. The company has paid some €1.73 billion of dividends to its parent between when it was taken over and the end of 2023, according to figures in various annual reports. Great-West Lifeco also backed the Irish unit as it invested significantly in growing its customer base by more than 50 per cent, helped by acquisitions.
