Canada Life has appointed Shreyas Sridhar as its’ new Business Development Director for Bulk Purchase Annuities, reporting in to Tim Coulson, MD, Bulk Purchase Annuities.
Shreyas has spent over 15 years working in financial services, most recently at Legal and General as Head of Reinsurance & International Development as part of their pension risk transfer business.
Tim Coulson, MD, Bulk Purchase Annuities, Canada Life UK said:
“Shreyas brings a wealth of experience to this newly created role at Canada Life, and is a great addition to the team. We will continue to build resource and capability in order to seize opportunities in a buoyant bulk annuities market, and Shreyas will help us deliver on our ambition to become a market-leading provider of pension de-risking solutions.”
Shreyas Sridhar, Business Development Director, Bulk Purchase Annuities, Canada Life UK commented:
“This is an exciting time to join a global company with an enviable heritage and a clearly stated ambition to drive significant growth in the bulk annuities space, while being given the opportunity to make my mark very quickly in a new role.
“I’ve already been impressed by the energy and enthusiasm of the team, and I look forward to working with trustees and other market participants as we continue to build our proposition to deliver outstanding outcomes for our clients and customers.”
Shreyas’ appointment is subject to regulatory approval.
ENDS
Enquiries:
Press enquiries should be directed to:
Paul Keeble, Canada Life, 07833 085387, Paul.Keeble@canadalife.co.uk
Notes to editors:
- Picture of Shreyas available upon request.
- Brief CV
Legal and General: Jan 2016 – Feb 2024, most recently Head of Reinsurance & International Development for L&G Retirement Institutional
Deutsche Bank, London: Legal Counsel, 2013 –2015
Clifford Chance LLP, Associate, 2008 - 2013
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a diversified financial services holding company headquartered in Winnipeg, Canada. Through its subsidiary companies, Great-West Lifeco has operations in Canada, the United States, and Europe. Great-West Lifeco and its insurance subsidiaries have received strong ratings from major rating agencies. Great-West Lifeco has over 38 million customers worldwide and £1.532trillion assets under administration (as at 31 December 2023).
Canada Life Limited began operations in the United Kingdom in 1903 and looks after the retirement, investment and protection needs of individuals and companies alike. As well as providing stability and security through its individual contracts, Canada Life Limited has grown and maintained its position as the market leading provider of group insurance solutions.1 Canada Life acquired Retirement Advantage on 3rd January 2018 for an undisclosed sum. The acquisition added over 30,000 retirement income and equity release customers and more than £2 billion of assets under management including a £1.5 billion block of in-force annuities to Canada Life.
Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance Limited and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.
Stonehaven UK Limited, registered in England and Wales no. 05487702. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA.
Stonehaven UK Limited is authorised and regulated by the Financial Conduct Authority.
- Canada Life MI & Swiss Re, 2022