WINNIPEG, MB, May 5, 2021 /CNW/ - Great-West Lifeco, IGM
Financial and Power Corporation of Canada announced a more than $250,000 joint contribution to support
crisis relief efforts in India for
those affected by a devastating COVID-19 outbreak in the South
Asian country. This donation includes $50,000 from each Canada Life, IGM Financial and
Power Corporation of Canada to the
Canadian Red Cross and also includes $100,000 to the Red Cross from Empower
Retirement, a U.S. subsidiary of Great-West Lifeco.
India is experiencing nearly 20
million COVID-19 cases and the world's highest daily infection
rate. The companies' donations will be directed to the Indian Red
Cross Society to provide a range of critical supports during this
time.
"From the outset of the pandemic, each of our companies have
been committed to helping those in most need," said Jeff Macoun,
President and Chief Operating Officer, Canada Life. "The situation
in India is dire and requires
support from around the globe. That's why with this joint donation
to the Canadian Red Cross, our support gets immediately directed to
the front lines of pandemic support in India."
"We want to support India
through this challenging time and provide assistance to the
country's first responders as they manage the crisis," said
James O'Sullivan, President and
Chief Executive Officer, IGM Financial Inc. "Given that so
many among our IGM family and within the communities we serve have
ties to India, we're pleased to be
including a corporate matching offering as part of this
initiative."
The Red Cross' support includes providing residents with
COVID-19 prevention information in multiple local languages,
distributing hygiene items, and supporting epidemic and infection
control activities in communities across the country. Further
public health support includes ambulance and transport services for
patients, logistics support to quarantine and isolation centres,
psychosocial support services, as well as the maintenance of 89
blood transfusion centres.
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 2020, our companies had
approximately 24,500 employees, 205,000 advisor relationships, and
thousands of distribution partners – all serving our more than 30
million customer relationships across these regions.
Great-West Lifeco and its companies have approximately
$2.0 trillion in consolidated assets
under administration as at December 31,
2020 and are members of the Power 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.
About IGM Financial
IGM Financial Inc. is one of
Canada's leading diversified
wealth and asset management companies with approximately
$248 billion in total assets under
management and advisement. The company provides a broad range of
financial planning and investment management services to help more
than two million Canadians meet their financial goals. Its
activities are carried out principally through IG Wealth
Management, Mackenzie Investments and Investment Planning Counsel.
IGM Financial is a member of the Power Corporation group of
companies.
About Power Corporation
Power Corporation is an
international management and holding company that focuses on
financial services in North
America, Europe and
Asia. Its core holdings are
leading insurance, retirement, wealth management and investment
businesses, including a portfolio of alternative asset investment
platforms. To learn more, visit www.powercorporation.com.
SOURCE Great-West Lifeco Inc.