Canada Life has appointed Shreyas Sridhar as Managing Director of Bulk Purchase Annuities (BPA), effective from 7 April 2025 subject to regulatory approval.
Shreyas will join the Canada Life UK Executive Committee and report to UK Chief Executive Lindsey Rix-Broom.
Shreyas is a highly experienced financial services executive and joined Canada Life UK in February 2024 as Business Development Director for its BPA business. Prior to joining Canada Life, he spent eight years in roles within Legal & General’s pension risk transfer business, most recently as Head of Reinsurance & International Development. Shreyas has also previously worked as a structured finance and derivatives lawyer.
He succeeds Tim Coulson, who will continue to work with Canada Life in an advisory capacity before retiring at the end of 2025. Tim joined Canada Life in 2023 to accelerate its BPA strategy and proposition, enabling the business to capitalise on the opportunities in the growing UK bulk annuities market.
Commenting Lindsey Rix-Broom, Chief Executive at Canada Life UK said:
“I’m thrilled to welcome Shreyas to the UK Executive team as Managing Director of Bulk Purchase Annuities. He is an exceptional executive with a wealth of experience and has been instrumental in leading the growth of our bulk annuities business, which continues to go from strength to strength.
“I would also like to express my sincere thanks to Tim for his outstanding leadership and contribution to Canada Life over the last two years. Having strengthened our BPA proposition and successfully built on our strong foundations, Tim has decided now is the right time to move towards retirement. However, we are delighted that he has agreed to continue to support Canada Life for the remainder of this year.”
Commenting Shreyas Sridhar, Managing Director for Bulk Purchase Annuities at Canada Life UK said:
“I’m incredibly honoured and excited to be taking up the mantle of leading Canada Life’s bulk annuities business. I wish to extend my heartfelt gratitude to Tim for his leadership and guidance, which has helped transform our business in these past two years. This is an exciting time for the bulk annuities market, and I look forward to working with my talented colleagues to drive Canada Life’s ambitious plans.”
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Notes to editors
Enquiries:
Press enquiries should be directed to:
Julie Hughes-Edwards, Canada Life +44 7803 249343, julie.hughes-edwards@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.