Power Financial Corporation

Financial Institutions:Non-Bank Financials

Summary

Power Financial Corporation is a holding company controlling two dominant Canadian financial service providers: Great-West Lifeco Inc. (70.3%) and IGM Financial Inc. (56.1%); the two entities have cross-ownership interests of 3.5% and 4.2%, respectively. Through a 50/50 partnership with Belgium’s Frère Group, Power Financial Corporation also shares a 54.1% equity interest in Pargesa Holding S.A., a Swiss holding company with interests in a limited number of large European companies. Power Financial Corporation is 66.4% owned by Power Corporation of Canada.