- Andy Parsons and Jake Lawrence join the Canada Life Limited Board, bringing significant industry knowledge and expertise
- The new Board appointments support Canada Life’s long-term strategic plans to transform and modernise its UK business
Canada Life announces the appointment of two new board directors, bringing significant industry knowledge and expertise to the UK business during a period of transformation and modernisation.
Andy Parsons joins the Canada Life Limited Board as an independent non-executive director, bringing comprehensive knowledge of the financial services and insurance sectors through his extensive career and position as Finance Director within businesses such as Just Group, Liverpool Victoria (LV=), Scottish Widows, Friends Life, and AXA UK.
Jake Lawrence joins the Board as a non-executive director in his role as Executive Vice-President and Chief Financial Officer of Power Corporation and Power Financial. He has previously held various senior positions in finance, group treasury, and global banking and markets in both Canada and the United States during his two decades working at Scotiabank.
Andy Watson, Chair of the Canada Life Limited Board, said:
“I am delighted to welcome two new members to Canada Life Limited’s Board, both of whom bring significant business and industry experience. Their appointment further strengthens Canada Life’s highly experienced and international group of directors as we continue to execute Canada Life UK’s long-term strategy to grow, transform, and modernise the business.”
Both appointments were effective from 20 November 2024. Jake Lawrence’s appointment is subject to regulatory approval.
-ENDS-
Notes to editors
- Jake Lawrence and Andy Parsons join Keith Abercromby, Marcia Campbell, Sylvia Cronin, David Harney, Paul Mahon, Susan McArthur, Siim Vanaselja, and Andy Watson as Canada Life Limited board directors.
Enquiries:
Press enquiries should be directed to:
Rebecca Gladstone, Canada Life, +44 7833 085387, rebecca.gladstone@canadalife.co.uk
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Through its subsidiary companies, Great-West Lifeco operates in Canada, the United States, and Europe. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Canada Life Limited began operations in the United Kingdom (UK) in 1903 and provides UK individuals and businesses with a range of retirement, investment, insurance and wealth solutions. Canada Life offers individual annuities, pension de-risking solutions, home finance, estate planning and investment options, and workplace protection products.
Canada Life Limited (no.973271) is registered in England and Wales, authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Stonehaven UK Limited (no.05487702), trading as Canada Life, is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited (no.033178C) and CLI Institutional Limited (no.108017C) are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance (Ireland) DAC (no. 440141) and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.
Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited (no.3846821), Canada Life Limited and Canada Life European Real Estate Limited (no.03846823). Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority.
Please note that while Canada Life Limited and Canada Life Asset Management Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.