Great-West Lifeco makes changes to senior leadership team

Insurance-focused holding company Great-West Lifeco has made several key leadership changes.

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 Jamal in this new role. 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 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."

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.

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,” he said. “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."

Harney has been associated with Irish Life for more than 30 years, including the last three as CEO. In his new role, Harney will report to Mahon and will provide strategic leadership and oversight of Great-West Lifeco's UK, Irish, and German divisions.

Bolger was part of the founding team of Canada Life Europe in 2000 and has led the organisation for the last 10 years as CEO. He will continue to serve as the leader of the German business while a successor is being chosen.

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