Great-West Lifeco announces senior leadership shakeup

by Leo Almazora19 Feb 2020

The announcement of a new leadership role at Great-West Lifeco has resulted in a cascade of appointments and promotions that the company says will “leverage organizational expertise with a focus on growth priorities, talent development and succession planning.”

Arshil Jamal, who has served as president and COO, Europe and Reinsurance for the last nine years, will take on the newly created role of President and Group Head, Strategy, Investments, Reinsurance and Corporate Development at Great-West Lifeco.

As Jamal works with the different teams and operating company presidents, he will focus on identifying and driving value creation initiatives across the organization. Raman Srivastava, EVP and Global Chief Investment Officer and Jeff Poulin, EVP and CEO of Canada Life Reinsurance, will report to him as he fulfills his new role.

“Arshil has built a strong foundation for the next phase of our growth in Europe,” said Great-West Lifeco President and CEO Paul Mahon, to whom Jamal will continue to report. “With this appointment, we will leverage his growth mindset more broadly across Lifeco.”

Succeeding Jamal as president and COO, Europe and Reinsurance, is David Harney, the current CEO of Irish Life Group; Harney, in turn, will be succeeded by the current CEO of Canada Life Europe, Declan Bolger.

David Harney has been associated with Irish Life, one of the brands through which Great-West Lifeco operates in Europe, for more than 30 years; over that period, he played a leading part in strengthening the Irish Life brand and customer focus while bolstering its leading market position.

Meanwhile, Bolger was among the founding members of Canada Life Europe in 2000, and has overseen strategic investments in innovative products and technology over the past 10 years as CEO. He spearheaded a doubling of assets that has made it one of the leading companies in Germany’s broker market.

“Both David and Declan have guided their respective organizations to achieve strong results,” Mahon said. “I'm confident their excellent leadership track records, combined with their vision and dedication, positions each to deliver equally strong results in their new roles.”