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Great-West Lifeco Inc (GWO.TO)

GWO.TO on Toronto Stock Exchange

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23 Oct 2020
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Summary

Name Age Since Current Position

R. Jeffrey Orr

61 2013 Independent Chairman of the Board

Paul Mahon

56 2013 President, Chief Executive Officer, Director

Garry MacNicholas

2015 Executive Vice-President and Chief Financial Officer of Lifeco and Canada Life

Arshil Jamal

2020 President and Group Head, Strategy, Investments, Reinsurance and Corporate Development

Jeff Macoun

2018 President and Chief Operating Officer, Canada

Grace Palombo

56 2014 Executive Vice-President, Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life

Raman Srivastava

2017 Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life and Canada Life

Philip Armstrong

2016 Executive Vice-President and Global Chief Information Officer

Graham Bird

2015 Executive Vice-President and Chief Risk Officer of Lifeco and Canada Life

Sharon Geraghty

2018 Executive Vice-President and General Counsel of Lifeco and Canada Life

Dervla Tomlin

2015 Executive Vice-President, Chief Actuary of Lifeco, Great-West, London Life and Canada Life

Anne Sonnen

2017 Senior Vice-President and Chief Compliance Officer of Lifeco and Canada Life

Jeremy Trickett

2018 Senior Vice-President, Corporate Secretary and Chief Governance Officer of Lifeco, Great-West Life, London Life and Canada Life

Ross Petersmeyer

Senior Vice-President, Regulatory Affairs of Lifeco, Great-West, London Life and Canada Life

Nancy Russell

2017 Senior Vice-President and Chief Internal Auditor of Lifeco, GreatWest, London Life and Canada Life

Michael Amend

42 2018 Independent Director

Deborah Barrett

62 2017 Independent Director

Heather Conway

57 2019 Independent Director

Marcel Coutu

66 2007 Independent Director

Andre Desmarais

63 1992 Independent Director

Paul Desmarais

66 1986 Independent Director

Gary Doer

71 2016 Independent Director

David Fuller

53 2017 Independent Director

Claude Genereux

58 2015 Independent Director

J. David Jackson

73 2013 Independent Director

Elizabeth Lempres

59 2018 Independent Director

Paula Madoff

52 2018 Independent Director

Susan McArthur

2015 Independent Director

T. Timothy Ryan

74 2014 Independent Director

Jerome Selitto

78 2012 Independent Director

James Singh

73 2012 Independent Director

Gregory Tretiak

64 2012 Independent Director

Siim Vanaselja

63 2014 Independent Director

Brian Walsh

66 2009 Independent Director

Biographies

Name Description

R. Jeffrey Orr

Mr. R. Jeffrey Orr serves as Independent Chairman of the Board of the Company. Mr. Orr has been Chair of the Boards of the Corporation, Great-West Life, London Life and Canada Life since May, 2013, of Great-West Financial since July, 2013, and of Putnam Investments since June, 2008. He is also President and Chief Executive Officer of Power Financial, a position he has held since May, 2005. From May, 2001 until May, 2005, Mr. Orr was President and Chief Executive Officer of IGM Financial Inc. Prior to joining IGM Financial Inc., he was Chairman and Chief Executive Officer of BMO Nesbitt Burns Inc. and Vice-Chairman, Investment Banking Group, Bank of Montreal. Mr. Orr is a director of Great-West Life, London Life, Canada Life, Great-West Financial, Putnam Investments and PanAgora Asset Management, Inc. He is also a director and Chair of IGM Financial Inc., Investors Group Inc. and Mackenzie Inc., and a director of Power Corporation and Power Financial. Mr. Orr is active in a number of community and business organizations.

Paul Mahon

Mr. Paul A. Mahon serves as President, Chief Executive Officer, Director of the Company. Mr. Mahon is President and Chief Executive Officer of the Corporation, Great-West, London Life and Canada Life, a position he has held since May, 2013. Prior to that he was President and Chief Operating Officer, Canada of the Corporation, Great-West, London Life and Canada Life. Mr. Mahon has been with Great-West since 1986, and is a director of Great-West, London Life, Canada Life, Great-West Financial and Putnam Investments. He is the past Chair of the board of the Canadian Life and Health Insurance Association, a member of the Misericordia Health Centre Corporation and a member of the Business Council of Canada. He is also a member of the United Way Resource Development Committee. Mr. Mahon previously served as a director of the CancerCare Manitoba Foundation.

Garry MacNicholas

Mr. Garry MacNicholas serves as Executive Vice-President and Chief Financial Officer of Lifeco and Canada Life of the Company. He has been Executive Vice-President, Actuarial and Risk Life of the Company. Mr. MacNicholas, who earned his Bachelor of Mathematics degree at the University of Waterloo, is a Fellow of the Society of Actuaries and Canadian Institute of Actuaries. He joined Great-West Lifeco subsidiary Canada Life in 1982 and has held a wide variety of roles with increasing responsibility in the actuarial, insurance, reinsurance, and wealth management business units in Toronto, Regina and the United Kingdom. He was appointed to his current role as Executive Vice-President, Actuarial and Risk in May 2013.

Arshil Jamal

Mr. Arshil Jamal serves as President and Group Head, Strategy, Investments, Reinsurance and Corporate Development of the Company. He served as Executive Vice President - Capital Management of the Company. He also serves as Executive Vice-President and Chief Actuary of Great-West, London Life, CLFC and Canada Life.

Jeff Macoun

Mr. Jeff Macoun serves as President and Chief Operating Officer, Canada of the Company. President and Chief Operating Officer, Canada of Lifeco, Great-West Life, London Life and Canada Life since October, 2018; previously, held various roles, including Deputy Chief Operating Officer, Canada, Executive Vice-President, Group Customer and Senior Vice- President, Group Sales and Marketing, of Great-West Life, London Life and Canada Life.

Grace Palombo

Ms. Grace M. Palombo serves as Executive Vice-President, Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life of the Company. Ms. Palombo is Executive Vice-President and Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life, positions that she has held since November, 2014. Prior to joining Lifeco Ms. Palombo served in senior human resources capacities with TD Bank Group (or its affiliates) and with CanWest Global Communications.

Raman Srivastava

Mr. Raman Srivastava serves as Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life and Canada Life of the Company. Mr. Srivastava is Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life and Canada Life, positions that he has held since August, 2017. Prior to joining Lifeco Mr. Srivastava served as Deputy Chief Investment Officer, Managing Director Global Fixed Income, at Standish Mellon Asset Management Company LLC.

Philip Armstrong

Mr. Philip Armstrong serves as Executive Vice-President and Global Chief Information Officer of the Company. previously, Senior Vice-President, Application Services & Chief Digital Technology Officer with Sun Life Financial and Senior Vice-President & Chief Technology Officer for Manulife Financial.

Graham Bird

Mr. Graham R. Bird serves as Executive Vice-President and Chief Risk Officer of Lifeco and Canada Life of the Company. Prior to joining Lifeco Mr. Bird served as Chief Financial Risk Officer with Hartford Financial Services Group, Inc.

Sharon Geraghty

Ms. Sharon C. Geraghty serves as Executive Vice-President and General Counsel of Lifeco and Canada Life of the Company. previously, Deputy Chief Investment Officer, Managing Director Global Fixed Income, at Standish Mellon Asset Management Company LLC.

Dervla Tomlin

Ms. Dervla Mary Tomlin serves as Executive Vice-President, Chief Actuary of Lifeco, Great-West, London Life and Canada Life of the Company. previously, held various positions at Irish Life, including Chief Actuary and Chief Risk Officer.

Anne Sonnen

Ms. Anne C. Sonnen serves as Senior Vice-President and Chief Compliance Officer of Lifeco and Canada Life of the Company. Ms. Sonnen is Senior Vice-President and Chief Compliance Officer of Lifeco, GreatWest, London Life and Canada Life, positions that she has held since December, 2017. Prior to joining Lifeco Ms. Sonnen served as Vice-President, Chief Compliance Officer and Chief Risk Officer at Capital One Canada from January 2017 to December 2017 and previously held various senior legal and compliance positions with BMO Financial Group, including, Chief Compliance Officers for BMO’s Global Wealth and Asset Management businesses.

Jeremy Trickett

Mr. Jeremy W. Trickett serves as Senior Vice-President, Corporate Secretary and Chief Governance Officer of Lifeco, Great-West Life, London Life and Canada Life of the Company. previously, General Counsel of Canada Life Limited from 2016 to 2018; and previously, served in various senior legal positions with BMO Financial Group.

Ross Petersmeyer

Mr. Ross Petersmeyer serves as Senior Vice-President, Regulatory Affairs of Lifeco, Great-West, London Life and Canada Life of the Company.

Nancy Russell

Ms. Nancy D. Russell serves as Senior Vice-President and Chief Internal Auditor of Lifeco, GreatWest, London Life and Canada Life of the Company. previously, Senior Vice-President and Chief Compliance Officer of Lifeco, Great-West Life, London Life and Canada Life.

Michael Amend

Mr. Michael R. Amend serves as Independent Director of the Company. Mr. Amend is Chief Operating Officer of CommerceHub, Inc., a leading distributed commerce network, a position he has held since June, 2018. He was previously Executive Vice-President, Omnichannel at J.C. Penney Corporation, Inc. (“JCPenney”), an American apparel and home furnishings retailer, from August, 2015 until March, 2018. Prior to joining JCPenney, Mr. Amend served as Vice-President, Online, Mobile and Omnichannel at The Home Depot, Inc. from July, 2011 to August, 2015. He has also held other senior leadership positions including Chief Technology Officer, Global Online at Dell Inc., Deputy Chief Technology Officer at BEA Systems, Inc. and Chief Architect, eCommerce at Sprint Corporation. Mr. Amend is a director of Great-West Life, London Life and Canada Life. He also serves as Chair of the board of trustees for Texas Baptist Children’s Home. Mr. Amend holds a Bachelor of Science degree in Management Information Systems from Oklahoma State University and completed the Executive Program at University of California, Berkeley.

Deborah Barrett

Ms. Deborah Jean Barrett CPA serves as Independent Director of the Company. She was the Chief Financial Officer of The Woodbridge Company Limited (“Woodbridge”), a private investment holding company, from 2011 until her retirement in March, 2017. Between 2004 and 2011, Ms. Barrett was Vice-President, Finance at Woodbridge and prior to joining Woodbridge she held senior financial leadership positions in public and private companies. She has over 30 years of experience in a number of industries, including private equity, real estate and business process outsourcing. Ms. Barrett is a director of Great-West Life, London Life and Canada Life. She is also a director and Chair of the Audit Committee of Infrastructure Ontario, a director and past Vice-Chair of the board and past Finance Committee Chair of Soulpepper Theatre Company and a member of the Audit Committee and advisor to the Pension Committee of The Globe and Mail Inc. Ms. Barrett previously served as a trustee and Chair of the Compensation and Governance Committee of Canadian Real Estate Investment Trust.

Heather Conway

Ms. Heather E. Conway serves as Independent Director of the Company. Ms. Conway, Corporate Director, served as Executive Vice-President, English Services of CBC/Radio-Canada, Canada’s national public radio and television broadcaster, from December, 2013 until December, 2018. She previously served as Chief Business Officer at the Art Gallery of Ontario and Chief Executive Officer of Edelman Public Relations, Canada. Ms. Conway is a director of Canada Life. She is also a director of American Express Bank of Canada and serves as a member of the advisory board of the Samara Centre for Democracy and of the national advisory council for the Walrus Foundation. She previously served as a director of IGM, IG Wealth Management and Mackenzie Inc. from 2010 to 2013. Ms. Conway has a Bachelor of Arts in Economics from Queen’s University and a Master of Arts in Industrial Relations from the University of Warwick, United Kingdom.

Marcel Coutu

Mr. Marcel R. Coutu serves as Independent Director of the Company. Mr. Coutu, Corporate Director, is the former Chairman of Syncrude Canada Ltd., a Canadian oil sands project and is past President and Chief Executive Officer of Canadian Oil Sands Limited, an oil and gas company. He was previously Senior Vice-President and Chief Financial Officer of Gulf Canada Resources Limited, and prior to that held various positions in the areas of corporate finance, investment banking, and mining and oil and gas exploration and development. Mr. Coutu is a director of Great-West Life, London Life, Canada Life, Great-West Financial and Putnam Investments. He is also a director of Power Corporation, IGM Financial Inc., Investors Group Inc., Mackenzie Inc., Brookfield Asset Management Inc., Enbridge Inc. and the Calgary Exhibition and Stampede board. He has also held board positions with Gulf Indonesia Resources Limited, TransCanada Power Limited Partnership and the board of governors of the Canadian Association of Petroleum Producers. Mr. Coutu is a former member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Andre Desmarais

Dr. Andre Roger Desmarais Ph.D. serves as Independent Director of the Company. Mr. Desmarais is Deputy Chairman, President and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial. Prior to joining Power Corporation in 1983, he was Special Assistant to the Minister of Justice of Canada and an institutional investment counselor at Richardson Greenshields Securities Ltd. He has held a number of senior positions with Power group companies and was named President and Co-Chief Executive Officer of Power Corporation in 1996. Mr. Desmarais is a director of many Power group companies in North America, including Power Corporation, Power Financial, Great-West Life, London Life, Canada Life, Great-West Financial, Putnam Investments, IGM Financial Inc., Investors Group Inc. and Mackenzie Inc. He is also a director and Vice-Chairman of Pargesa Holding SA in Europe. Mr. Desmarais is Honorary Chairman of the Canada China Business Council and is a member of several China-based organizations. Mr. Desmarais is active in cultural, health and other not-for-profit organizations. He is an Officer of the Order of Canada and an Officer of the National Order of Québec. He has received Doctorates Honoris Causa from Concordia University, Université de Montréal and McGill University. Mr. Desmarais is a trustee of the Desmarais Family Residuary Trust.

Paul Desmarais

Mr. Paul Desmarais Jr. serves as Independent Director of the Company. Mr. Desmarais is Chairman and Co-Chief Executive Officer of Power Corporation and Executive Co-Chairman of Power Financial. He joined Power Corporation in 1981 and assumed the position of Vice-President the following year. He served as Vice-President of Power Financial from 1984 to 1986, as President and Chief Operating Officer from 1986 to 1989, as Executive Vice-Chairman from 1989 to 1990, as Executive Chairman of the board from 1990 to 2005, as Chairman of the Executive Committee from 2006 to 2008 and as Executive Co-Chairman from 2008 until today. He also served as Vice-Chairman of Power Corporation from 1991 to 1996. He was named Chairman and Co-Chief Executive Officer of Power Corporation in 1996. From 1982 to 1990, he was a member of the Management Committee of Pargesa Holding SA; in 1991, he became Executive Vice-Chairman and then Executive Chairman of the Committee; in 2003, he was appointed Co-Chief Executive Officer; and, in 2013, was named Chairman of the board. He has been a director of Pargesa Holding SA since 1992. He is a director of many Power group companies in North America, including Power Corporation, Power Financial, Great-West Life, London Life, Canada Life, Great-West Financial, Putnam Investments, IGM Financial Inc., Investors Group Inc. and Mackenzie Inc. In Europe, he is Vice-Chairman of the board of Groupe Bruxelles Lambert and a director of LafargeHolcim Ltd. and SGS SA. He was Vice-Chairman of the board and a director of Imerys until 2008 and a director of GDF Suez until 2014 and Total SA until 2017. Mr. Desmarais is past Chairman and a member of The Business Council of Canada. He is also active on a number of philanthropic advisory councils. In 2005, he was named an Officer of the Order of Canada, in 2009, an Officer of the National Order of Québec and, in 2012, Chevalier de la Légion d’honneur in France. He has received a number of honorary doctorates.

Gary Doer

Mr. Gary Albert Doer serves as Independent Director of the Company. Mr. Doer has served as a Senior Business Advisor at Dentons Canada LLP, a global law firm, since August, 2016. He previously served as Canada’s Ambassador to the United States from October, 2009 to January, 2016. He was the Premier of Manitoba from 1999 to 2009, and served in a number of positions as a member of the Legislative Assembly of Manitoba from 1986 to 2009, including Minister of Urban Affairs from 1986 to 1988 and Minister of Crown Investments from 1987 to 1988. Mr. Doer is a director of Great-West Life, London Life, Canada Life, Great-West Financial and Putnam Investments. He is also a director of Power Corporation, Power Financial, IGM Financial Inc., Investors Group Inc., Mackenzie Inc. and Air Canada. He previously served as a director of Barrick Gold Corporation. In 2017, Mr. Doer joined the Trilateral Commission as a member of the North American Group. He is a volunteer Co-Chair of the Wilson Centre’s Canada Institute, a non-partisan public policy forum focused on Canada-U.S. relations. Mr. Doer received a distinguished diplomatic service award from the World Affairs Council in 2011 and was inducted into the Order of Manitoba in 2010.

David Fuller

Mr. David G. Fuller serves as Independent Director of the Company. Mr. Fuller is Executive Vice-President of TELUS Corporation (“TELUS”), a Canadian telecommunications company, and is President, TELUS Consumer and Small Business Solutions, positions he has held since 2014. He previously served as Chief Marketing Officer of TELUS from 2009 to 2014 and as Senior Vice-President, Business Solutions Marketing from 2004 to 2009. Prior to joining TELUS, Mr. Fuller spent 15 years in the management consulting industry, including in senior executive and practice leadership roles at KPMG and BearingPoint. Mr. Fuller is a director of Great-West Life, London Life and Canada Life. He previously served as a director of The Royal Conservatory of Music. Mr. Fuller is a professional engineer and holds a Masters in Business Administration from the Schulich School of Business at York University and a Bachelor of Applied Science in Engineering from Queen’s University.

Claude Genereux

Mr. Claude Genereux serves as Independent Director of the Company. Mr. Généreux is Executive Vice-President of Power Corporation and Power Financial, positions he has held since March, 2015. He is Senior Partner Emeritus of McKinsey & Company (“McKinsey”), a global management consulting firm. During his 28 years at McKinsey, Mr. Généreux focused on serving leading global companies in financial services, resources and energy. He held various leadership positions including Global Sector Leadership in energy, Office Leadership in Montreal, Global Personal Committees for partner election and evaluation, and Global Recruiting for non-MBA candidates. He has been posted in Montreal, Paris, Toronto and Stockholm. Mr. Généreux is a director of Great-West Life, London Life, Canada Life, Great-West Financial and Putnam Investments. He is also a director of IGM Financial Inc., Investors Group Inc., and Mackenzie Inc. Mr. Généreux is the Vice-Chairman of the board of governors at McGill University and serves on the boards of the Jeanne Sauvé Foundation, the Loran Scholars Foundation, Michaëlle Jean Foundation and the Rhodes Scholarships in Canada. He graduated from McGill University and Oxford University where he studied as a Rhodes Scholar.

J. David Jackson

Mr. J. David A. Jackson serves as a Independent Director of Great-West Lifeco Inc. Mr. Jackson retired as a Partner in the law firm Blake, Cassels & Graydon LLP (“Blakes”) in 2012, and currently serves as Senior Counsel to the firm, providing advice primarily in the areas of mergers and acquisitions and corporate governance. He was the Chairman of Blakes from 1995 to 2001. He was recognized throughout his career as a leading practitioner in the areas of mergers and acquisitions, corporate finance and corporate governance by numerous independent assessment organizations. Mr. Jackson is a director of Great-West Life, London Life and Canada Life. He is also a director of Power Corporation and Power Financial. Mr. Jackson served as a director of Investors Group Inc. from 1991 to 2001 and has served as a director of a number of public and private corporations. He was, until June, 2011 a director and the Vice-Chairman of the board of Sunnybrook Health Sciences Centre, Toronto. He holds a Bachelor of Commerce degree from the University of Windsor and a Bachelor of Laws (LL.B.) from Osgoode Hall Law School, and was called to the Bar of Ontario in 1974.

Elizabeth Lempres

Ms. Elizabeth Cahill Lempres serves as Independent Director of the Company. Ms. Lempres, Corporate Director, is Senior Partner Emeritus of McKinsey. She spent 28 years at McKinsey and most recently led McKinsey’s global Private Equity and Principal Investors Practice until her retirement in September, 2017. Ms. Lempres also served on McKinsey’s board of directors from 2008 until her retirement. She previously led McKinsey’s Consumer Products and Retail Practice and served as Managing Partner of the Boston office. Ms. Lempres is a director of Great-West Life, London Life and Canada Life. She is also a director of Axalta Coating Systems Ltd. and MIO Partners, Inc. and a member of the Board of Overseers at Dartmouth College’s Thayer School of Engineering. Ms. Lempres received a Masters in Business Administration from Harvard Business School where she was designated a Baker Scholar. She received her Bachelor of Arts in Engineering Sciences and Bachelor of Engineering degrees from Dartmouth College.

Paula Madoff

Ms. Paula B. Madoff serves as Independent Director of the Company. Ms. Madoff, Corporate Director, has served as an Advisory Director at Goldman Sachs, a global investment banking, securities and investment management firm, since August, 2017. She spent 24 years at Goldman Sachs where she most recently was a Partner and Head of Sales and Distribution for Interest Rate Products and Mortgages from 2006 until her retirement in 2017. Ms. Madoff also held several additional leadership positions including Co-Chair of the Retirement Committee overseeing 401k and pension plan assets, Chief Executive Officer of Goldman Sachs Mitsui Marine Derivatives Products, L.P., and was a member of its Securities Division Operating Committee and Firmwide New Activity Committee. She has 30 years of experience in investing, risk management, and capital markets activities. Ms. Madoff is a director of Great-West Life, London Life and Canada Life. She also serves as a director of KKR Real Estate Finance Trust Inc. and ICE Benchmark Administration, where she is also Chair of the ICE LIBOR Oversight Committee. Ms. Madoff is a 2018 David Rockefeller Fellow, a director of Hudson River Park Friends, a member of the Harvard Women’s Leadership Board and an advisory board member of the NYU Hospital Child Study Center. She received a Masters in Business Administration from Harvard Business School and a Bachelor of Arts degree in Economics from Lafayette College.

Susan McArthur

Ms. Susan J. McArthur serves as Independent Director of the Company. Ms. McArthur is a Managing Partner at GreenSoil Investments, a private equity firm focused on investing in real estate technology and agro food technology, a position she has held since April, 2013. She has 25 years of international and domestic investment banking experience and has advised corporate clients on a broad range of transactions including acquisitions and divestitures, public and private equity and debt financing, capital restructuring and other strategic initiatives. Ms. McArthur is a director of Great-West Life, London Life and Canada Life. She is also a director of IGM Financial Inc., Investors Group Inc., Mackenzie Inc., Power Financial and is a trustee of Chemtrade Logistics Income Fund. She has previously served as a director on a number of boards, including Chair of the Canada Revenue Agency Board of Management and director of First Capital Realty Inc., KP Tissue Inc., KPGP Inc., Globalive Wireless Management (Wind Mobile), UBS Bank Canada, Orvana Minerals Inc., Bonus Resources Services, the Canadian Club of Toronto, Les Jardins de Metis Inc., Luminato and the Toronto International Film Festival. Ms. McArthur is a graduate in Economics and Political Science from the University of Western Ontario (now Western University).Ontario (now Western University).

T. Timothy Ryan

Mr. T. Timothy Ryan Jr. serves as Independent Director of the Company., serves as Independent Director of Great-West Lifeco Inc. Mr. Ryan, Corporate Director, served as Vice-Chairman of Regulatory Affairs at JPMorgan Chase & Co. (“JPMorgan”), a global financial services firm, from 2013 to 2014. Prior to joining JPMorgan, he was President and Chief Executive Officer of the Securities Industry and Financial Markets Association from 2008 to 2013. He is a director of Great-West Life, London Life, Canada Life, Great-West Financial, Putnam Investments, Power Corporation and Power Financial. Mr. Ryan is also non-executive Chairman of the board of Santander Holdings USA, Inc., Santander Bank, N.A. and Banco Santander International. He previously served as a director of Markit Ltd. and Lloyds Banking Group plc. He was a private sector member of the Global Markets Advisory Committee for the National Intelligence Council from 2007 to 2011. Mr. Ryan is a graduate of Villanova University and the American University Law School.

Jerome Selitto

Mr. Jerome J. Selitto serves as Independent Director of the Company. Mr. Selitto is the President of Avex Funding Corporation, a technology focused mortgage lender, a position he has held since April, 2015. Mr. Selitto served as a director and as the President and Chief Executive Officer of PHH Corporation (“PHH”), a provider of mortgage lending and servicing solutions, from October, 2009 to January, 2012. Prior to joining PHH, Mr. Selitto worked at Ellie Mae, Inc. (“Ellie Mae”), a provider of enterprise solutions for the residential mortgage industry. While at Ellie Mae, Mr. Selitto initially served as a senior consultant beginning in 2007 and, later in 2007 through 2009, as Executive Vice-President, Lender Division. He has over 40 years of experience in the mortgage industry and in capital markets. Mr. Selitto is a director of Great-West Life, London Life, Canada Life, Great-West Financial and Putnam Investments. He is also a director and President of One Zero Mortgage. Mr. Selitto holds a Bachelor of Science degree in Economics and Marketing from the University of South Florida.

James Singh

Mr. James Mahase Singh CPA serves as Independent Director of the Company. Mr. Singh is Executive Chairman, CSM Bakery Solutions Limited, an international producer and supplier of bakery ingredients, products and services, a position he has held since 2013. He was previously Executive Vice-President and Chief Financial Officer of Nestlé S.A. until his retirement in 2012. Prior to that, he was Senior Vice-President, Acquisitions and Business Development of Nestlé S.A. from 2000 to 2007 and Executive Vice-President and Chief Financial Officer of Nestlé Canada Inc. from 1995 to 2000. Mr. Singh is a director of Great-West Life, London Life and Canada Life. He is also a director and Chairman of the Audit Committee of RTL Group and a director of the American Skin Association. He previously served as Chairman of the Chief Financial Officers’ Task Force of the European Roundtable of Industrialists and a trustee of the International Integrated Financial Reporting Foundation. Mr. Singh holds a Bachelor of Social Science degree from the University of Guyana and Bachelor of Commerce (Hon) and Master of Business Administration degrees from the University of Windsor. Mr. Singh is a member of the Chartered Professional Accountants of Canada and a Fellow of the Chartered Institute of Management Accountants, United Kingdom.

Gregory Tretiak

Mr. Gregory D. Tretiak CFP serves as Independent Director of the Company. Mr. Tretiak is Executive Vice-President and Chief Financial Officer of Power Corporation and Power Financial, positions he has held since May, 2012. From 1988 to May, 2012, he held various positions with IGM Financial Inc. and Investors Group Inc., most recently the position of Executive Vice-President and Chief Financial Officer of IGM Financial Inc. from April, 1999 to May, 2012. Mr. Tretiak is a director of Great-West Life, London Life, Canada Life, Great-West Financial, Putnam Investments and PanAgora Asset Management, Inc. He also serves as a director of IGM Financial Inc., Investors Group Inc. and Mackenzie Inc. He holds a Bachelor of Arts in Economics and Political Science from the University of Winnipeg and is a Chartered Professional Accountant, a Fellow of the Chartered Professional Accountants and a Certified Financial Planner. Throughout his career, Mr. Tretiak has been active in professional industry groups and associations including the Chartered Professional Accountants, Financial Executives International, the Certified Financial Planners, the Institute of Internal Auditors, the Investment Funds Institute of Canada and the Canadian Chamber of Commerce Economic and Taxation Committee.

Siim Vanaselja

Mr. Siim A. Vanaselja CPA serves as Independent Director of the Company. Mr. Vanaselja, Corporate Director, served as the Executive Vice-President and Chief Financial Officer of BCE Inc. and Bell Canada, from 2001 to 2015. Prior to joining BCE Inc., he was a Partner with KPMG Canada in Toronto. Mr. Vanaselja is a director of Great-West Life, London Life, Canada Life and Power Financial. He is also a director and Chair of the board of TransCanada Corporation and a trustee of RioCan Real Estate Investment Trust. Mr. Vanaselja previously served as a director and Chair of the Audit Committee of Maple Leaf Sports & Entertainment Ltd. He also previously served on the Finance Minister’s Federal Advisory Committee on Financing, on Moody’s Council of Chief Financial Officers, the Corporate Executive Board’s Working Council for Chief Financial Officers and on the Conference Board of Canada’s National Council of Financial Executives. Mr. Vanaselja is a Fellow of the Chartered Professional Accountants of Ontario and holds an Honours Bachelor of Business Administration degree from the Schulich School of Business.

Brian Walsh

Mr. Brian E. Walsh serves as Independent Director of the Company. Mr. Walsh is Partner and Chief Strategist of Titan Advisors LLC, an asset management firm, a position he has held since July, 2015. Prior to that, Mr. Walsh was Chairman and Chief Investment Officer of Saguenay Strathmore Capital, LLC, a money management and investment advisory company, a position that he held from September, 2011 to June, 2015. He was previously Managing Partner of Saguenay Capital, LLC from January, 2001 to September, 2011. Mr. Walsh has over 30 years of investment banking, international capital markets and investment management experience. He had a long career at Bankers Trust culminating in his appointment as Co-head of Global Investment Banking and as a member of the Management Committee. Mr. Walsh is a director of Great-West Life, London Life, Canada Life, Great-West Financial and Putnam Investments. He also serves on the International Advisory Board of École des Hautes Études Commerciales of Montréal. Mr. Walsh holds a Masters in Business Administration and Bachelor of Arts degree from Queen’s University.