Power Co. of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co. maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.
The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services. Its principal operating companies include Great-West Lifeco, which offers life insurance, accident and health insurance, retirement and investment services, and IGM Financial, a leading provider of wealth and asset management products in Canada. Power Co. also holds strategic interests in European financial services through its stake in Pargesa Holding, which in turn holds positions in several major European asset managers and insurers.
Power Co. operates across North America and Western Europe, with its subsidiaries serving millions of clients through a network of advisors and digital platforms. The company’s shared services model provides centralized support in areas such as risk management, finance and technology, allowing its operating businesses to focus on market-specific product development and client servicing. Leadership remains rooted in a governance structure that emphasizes sustainability, long-term growth and disciplined capital allocation, reflecting the firm’s century-long commitment to prudent financial stewardship.
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