Power Financial

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Power Financial Corporation

Company type	Subsidiary
Industry	Conglomerate
Founded	1984[1]
Headquarters	Montreal, Quebec, Canada
Key people	Paul Desmarais Jr. (Chairman) André Desmarais (Deputy Chair) R. Jeffrey Orr (President & CEO)
Products	Financial services, insurance
Net income	$1,964 billion (2019)[2]
AUM	$968 billion (2022)[2]
Number of employees	Approx. 28,400 employees (December 31, 2019)[3]
Parent	Power Corporation of Canada
Subsidiaries	Great-West Lifeco Canada Life Putnam Investments PanAgora Asset Management Mackenzie Investments
Website	PowerFinancial.com

Power Financial Corporation is a Canadian multinational company that was founded in 1984. Power Financial, a wholly owned subsidiary of Power Corporation of Canada, is an international management and holding company with interests in financial services and asset management businesses in Canada, the United States and Europe. It also has significant holdings in a portfolio of global companies based in Europe.^[4][5]

Power Financial, together with IGM financial and Great-West Lifeco, are anchor investors in funds managed by an affiliate, Portag3 Ventures, which operates investment funds dedicated to backing financial services companies. To date, Portag3 Ventures has invested in more than 45 fintech companies and investment funds. Portag3, Power Financial and IGM Financial also hold interests in Wealthsimple, one of Canada’s leading financial technology companies, operating one of the country's largest and fastest-growing digital investing service.^[6][7]