Donations are in addition to Power Corporation
of Canada's multi-year commitment
to support Canadian Red Cross disaster relief efforts
WINNIPEG, MB, Sept. 28,
2022 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) and
Great-West Lifeco (TSX: GWO) announced that they will contribute up
to $100,000 to the Canadian Red Cross
to support critical relief efforts for communities across
Atlantic Canada and Eastern Quebec impacted by Hurricane Fiona.
Together, IGM and Great-West Lifeco will contribute $50,000 to the Hurricane Fiona in Canada Appeal and will match employee giving
up to an additional $50,000. This
amount is in addition to both parent company Power Corporation of
Canada and Canada Life's existing
commitments to the Canadian Red Cross Disaster Response
Alliance.
"Our hearts go out to everyone who has been affected by the
devastation left in the wake of Hurricane Fiona," said James O'Sullivan, President & CEO, IGM
Financial. "IGM has deep connections to the region, from the
clients we serve to family, colleagues and friends who reside in
the impacted areas. We are proud to be working alongside the
Canadian Red Cross to ensure that communities are getting the
urgent support required to begin recovering from the storm."
"We are deeply saddened by the pain, and damage caused by
Hurricane Fiona – locally in Atlantic
Canada and Quebec, and to
the many Canadians watching events unfold," said Paul Mahon, President & CEO, Great-West
Lifeco. "We hope that our contribution will help support recovery
in the impacted regions and provide some hope to all those who have
suffered so much over the last few days."
About IGM Financial Inc.
IGM Financial Inc. is one of
Canada's leading diversified
wealth and asset management companies with approximately
$247 billion in total assets under
management and advisement at August 31,
2022. 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 Inc. is
a member of the Power Corporation group of companies.
About 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,
Putnam Investments, and Irish Life.
At the end of 2021, our companies had approximately 28,000
employees, 215,000 advisor relationships, and thousands of
distribution partners – all serving over 33 million customer
relationships across these regions. 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.
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 IGM Financial Inc.