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Power Financial
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. 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.https://www.powerfinancial.com/media/ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Technology
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intelli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1894
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Pitfield
Peter Michael Pitfield (June 18, 1937 – October 19, 2017) was a Canadian Senator and senior civil servant. Pitfield was the youngest son of the Canadian financier Ward C. Pitfield and Grace MacDougall Pitfield, daughter of Canadian ice hockey player Hartland MacDougall. His brother, Ward C. Pitfield Jr., was Chairman of the family Investment Banking firm, Pitfield, MacKay, Ross, which later merged with Dominion Securities, now the investment arm of the Royal Bank of Canada. Another brother was stockbroker Robert Hartland Pitfield (d. 2004), father of Robert H. Pitfield Jr (married to former Toronto city councillor Jane Pitfield) His nephew, Ward Elcock is the former director of the Canadian Security Intelligence Service and former Deputy Minister at the Department of National Defence (Canada). Biography Born in Montreal, Quebec, Pitfield graduated from St. Lawrence University in Canton, New York, at the age of 16. His SLU degree, in science, was followed by a degree i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Burns (Canadian Businessman)
James W. Burns (1921 – February 11, 2019), was a director emeritus at the Power Corporation of Canada. He was an Officer of the Order of Canada. Burns's contribution to the nation as well as his hometown of Winnipeg, Manitoba , image_map = Manitoba in Canada 2.svg , map_alt = Map showing Manitoba's location in the centre of Southern Canada , Label_map = yes , coordinates = , capital = Win ... has earned him national recognition and distinction. His latest project involved the construction of a state of the art Skateboard Park in downtown Winnipeg. He died in Winnipeg on February 11, 2019. Education Harvard Graduate School of Business Administration - Master of Business Administration U. of Manitoba - Doctor of Laws Previous Positions The Great-West Life Assurance Co. - chr. Power Financial Corp. - chr. and CEO Power Corp. of Canada - pres. The Great-West Life Assurance Co. - pres. and CEO Refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary Doer
Gary Albert Doer (born 31 March 1948) is a former Canadian politician and diplomat from Winnipeg, Manitoba, Canada. He served as Canada's ambassador to the United States from 19 October 2009, to 3 March 2016. Doer previously served as the 20th premier of Manitoba from 1999 to 2009, leading a New Democratic Party government. Since the end of his term as envoy to Washington, Doer has taken up a position as senior business advisor with the global law firm Dentons and has been retained by the government of Alberta to lobby the Trump administration on the softwood lumber dispute. Doer is a member of the Inter-American Dialogue. Early life and career Gary Doer was born to a middle class family in Winnipeg, Manitoba. His background is German and Welsh. He graduated from St. Paul's High School and went on to study political science and sociology at the University of Manitoba for one year where he was a member of Tau Kappa Epsilon fraternity, but left to become a corrections officer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Broadcasting Corporation
The Canadian Broadcasting Corporation (french: Société Radio-Canada), branded as CBC/Radio-Canada, is a Canadian public broadcaster for both radio and television. It is a federal Crown corporation that receives funding from the government. The English- and French-language service units of the corporation are commonly known as CBC and Radio-Canada, respectively. Although some local stations in Canada predate the CBC's founding, CBC is the oldest existing broadcasting network in Canada. The CBC was established on November 2, 1936. The CBC operates four terrestrial radio networks: The English-language CBC Radio One and CBC Music, and the French-language Ici Radio-Canada Première and Ici Musique. (International radio service Radio Canada International historically transmitted via shortwave radio, but since 2012 its content is only available as podcasts on its website.) The CBC also operates two terrestrial television networks, the English-language CBC Television and the F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great-West Life
The Canada Life Assurance Company, commonly known as Canada Life, is an insurance and financial services company with its headquarters in Winnipeg, Manitoba. The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). The company is a wholly owned subsidiary of Great-West Lifeco. History and ownership Great-West Life Assurance Company The Great-West Life Assurance Company (French: ''La Great-West, Compagnie d'Assurance-vie'') provided life, disability, and health insurance; benefit and retirement plans; and investment advice. It was active in both the United States and Canada. Great-West Life was founded in Winnipeg in 1891 by Jeffry Hall Brock, a local insurance agent. The company was incorporated on August 28, 1891, with local residents such as James Ashdown on it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mackenzie Financial
Mackenzie Investments was founded in 1967 and is one of Canada's largest investment management firms by assets under management. Mackenzie Investments provides investment advisory and related services for retail and institutional clients. With $201.1 billion in assets under management, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. () group of companies. IGM Financial is one of Canada's largest financial services companies by assets with over $262 billion in total assets under management. (Note: All figures as of June 30, 2021) History * 1967 - Mackenzie Investments was founded by Alex Christ * 1967 - Mackenzie Investments created company's first mutual fund, the Industrial Growth Fund (later renamed Mackenzie Growth Fund) * 1973 - Mackenzie Investments went public with a listing on the TSX * 1977 - Mackenzie Investments bought a stake in Universal Group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
