Significant donation aimed at making a long-term investment in the development of diverse and visionary leaders
LONDON, ON, April 28, 2021 / CNW / – Today, Power Corporation of Canada, Canada Life and IGM Financial announced a $ 1.75 million contribution to Ivey Business School in London, Ontario. This donation will further support research and help train visionary leaders who will actively participate in public policy dialogue and contribute to a stronger economic future for Canada.
Thanks to this contribution, each company has chosen a specific use for its financing in support of this overarching objective.
Power Corporation will support the Lawrence National Center for Policy and Management in Ivey in creating actionable research that will help policymakers strengthen From Canada competitiveness and build a more prosperous and inclusive economy. Power Corporation’s contribution will support an eight-year industry research fellow or postdoctoral fellowship and a new innovation fund to support emerging research and programming at the Lawrence National Center. It will also support a Power Corporation of Canada Summit as well as a Round table series, bringing together industry experts, academics, senior officials and ministers to discuss and develop responses to key issues facing Canada.
“Over the past year, Canada has experienced unique and unexpected challenges that have highlighted the need for dynamic and resilient leaders capable of leading the way, ”said Jeffrey Orr, President and CEO of Power Corporation. “Together with our subsidiaries Canada Life and IGM Financial, we are pleased to support Ivey as they foster cutting-edge research and innovative learning opportunities that will develop these leaders and the solutions that will enable Canada to come back stronger than ever. “
Canada Life will fund two to three student interns per year, who will support the research initiatives of the Center and the new Fellow funded by Power Corporation. With an 8 year fellowship position, this will equate to between 16 and 24 fully funded interns in total. These interns will assist the fellow in research, data management, and other work required to advance their efforts. While all eligible students can apply for these positions, preference will be given to women and / or individuals from the BIPOC community, to help bring more diverse voices and perspectives to public policy work.
“At Canada Life, we believe that the right support can make all the difference in someone’s life. This is why we are so proud to fund these important training opportunities for so many future leaders, especially those who may have been under-represented in the past ”. said Jeff Macoun, President and Chief Operating Officer, Canada, for Canada Life. “We hope this opportunity to gain first-hand experience and learn from the best experts is just the start of a successful and successful career for every intern.”
The IGM Financial group of companies, including Mackenzie Investments and IG Wealth Management, will annually award five scholarships for the next eight years in the fourth year, to business administration students (HBAs) who identify as women. To be considered for IGM Financial Scholarships, students will need to have an average of at least 78% and have an interest in the financial services industry.
“The IGM Financial group of companies is proud to support Ivey’s HBA program and help build the pipeline for the next generation of women entrepreneurs,” said James O’Sullivan, President and Chief Executive Officer, IGM Financial. “We know the financial services industry needs to do a better job of attracting and inspiring women to join both the wealth and asset management industry and we hope programs like this will stimulate participation. and access to opportunities. “
In total, this $ 1.75 million The contribution to Ivey was designed to have a long-term impact and will be provided over eight years. In addition to the recent $ 250,000 contribution to University College of Brescia, this is equivalent to $ 2 million in support of Western University affiliated university faculties and colleges.
“We are grateful for this generous donation which will support education, research and public policy dialogue towards building a more sustainable competitive Canadian society,” said Sharon hodgson, Dean of the Ivey Business School. “There has never been a more important time for business, academia and government to work together to strengthen From Canada socio-economic development. “
About the Canada Life Assurance Company
Canada Life is a leader in insurance, wealth management and employee benefits focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada trusted us to provide sound advice and keep the promises we made.
At January 1, 2020, Great-West, London Life and Canada Life have become one company – Canada Life, and today we proudly serve over 12 million customer relationships coast to coast. .
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About IGM Financial
IGM Financial Inc. is one of the From Canada leading diversified wealth and asset management companies with $ 248 billion in total assets under management and advice. The company offers a wide range of financial planning and investment management services to help more than two million Canadians achieve their financial goals. Its activities are carried out primarily through IG Wealth Management, Mackenzie Investments and Investment Planning Counsel. IGM Financial is a member of the Power Corporation group of companies.
About Power Corporation
Power Corporation is an international management and holding company focused on financial services in North America, Europe and Asia. Its main holdings are leading activities in the fields of insurance, pensions, wealth management and investment, including a portfolio of alternative investment platforms. To learn more, visit www.powercorporation.com.
SOURCE Canada Life
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