- CEO
- Robert Jeffrey Orr
- Full Time Employees
- 38,000
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- 751 Victoria Square Montréal QC Canada H2Y 2J3
- IPO Date
- May 26, 2017
- Business
- Power Financial Corporation, a wholly owned subsidiary of Power Corporation of Canada founded in 1984 and headquartered in Montreal, Quebec, operates as an international management and holding company focused on financial services and asset management businesses; its primary holdings include controlling interests in Great-West Lifeco Inc., which provides life insurance, health insurance, retirement and investment services, asset management, and reinsurance primarily in Canada, the United States, and Europe; IGM Financial Inc., a leading wealth and asset management firm serving financial advisors and institutional investors across North America, Europe, and Asia; and significant investments in Groupe Bruxelles Lambert (GBL), a European investor managing a diversified portfolio of listed, private, and alternative assets through GBL Capital. The company also maintains interests in alternative asset platforms such as Sagard Holdings Inc. and Power Sustainable Capital Inc., alongside strategic stakes in fintech like Wealthsimple Financial Corp. and global entities via Pargesa Holding. Power Financial conducts operations across Canada, the United States, Europe, and Asia, targeting individual, institutional, and corporate clients in insurance, retirement savings, wealth management, and investment sectors. In recent developments, Power Financial through its affiliates participated in a $200 million investment in Wealthsimple's up to $750 million financing round in October 2025, co-led by Dragoneer and GIC; formed a strategic partnership with Robert W. Baird & Co. in 2025, under which Baird acquired a 5% stake in Sagard to expand U.S. wealth channels and combined private equity businesses to manage over US$23 billion in assets; and completed a reorganization in 2019-2020 whereby Power Corporation acquired all common shares, leaving preferred shares outstanding while streamlining its structure.