Great-West Lifeco picks investor relations head

Great-West Lifeco picks investor relations head | Insurance Business Canada

Insurance News

Great-West Lifeco picks investor relations head

Key hire brings experience from Intact and Manulife

Insurance News

By
Terry Gangcuangco

Great-West Lifeco has appointed Shubha Khan as senior vice president and head of investor relations, effective June 3. Based in Toronto, Khan will oversee the company’s investor strategy and manage interactions with equity investors and analysts.

Khan brings extensive experience in investor relations, having most recently served as investor relations VP at Intact Financial Corporation. He also held roles at Manulife Financial after working as an analyst covering the Canadian financial services sector.

Jon Nielsen, executive vice president and chief financial officer at Great-West Lifeco, noted when the appointment was announced: “Great-West Lifeco has a strong track record of delivering sustainable growth and long-term value creation for our shareholders and investors.

“Shubha’s appointment will further strengthen our relationships with key stakeholders across financial markets. I look forward to working with Shubha and am confident he will be a very positive addition to our team.”

When the company’s latest financials were published in early May, president and chief executive Paul Mahon commented: “We’ve had a strong start to the year, exceeding $1 billion in quarterly base earnings for the first time, building on our momentum from 2023.

“This is the third consecutive quarter of record base earnings supported by the deliberate actions we’ve taken to re-position and strengthen our portfolio of businesses. This disciplined execution against our strategies is unlocking value today and positioning Lifeco for sustainable medium- and longer-term growth and success.”

Great-West Lifeco attributed its record base earnings to growth in expected insurance earnings, improved insurance experience, higher earnings on surplus and higher net fee income driven by equity market levels, and the contribution of recent acquisitions in Canada.

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