Gary Doer - Great West Independent Director

GWO Stock  CAD 50.22  0.43  0.86%   

Director

Mr. Gary Albert Doer is 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 Canadas 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 GreatWest Life, London Life, Canada Life, GreatWest Financial and Putnam Investments. He is also a director of Power Corporationrationration, Power Financial, IGM Financial Inc., Investors Group Inc., Mackenzie Inc. and Air Canada. He previously served as a director of Barrick Gold Corporationrationration. In 2017, Mr. Doer joined the Trilateral Commission as a member of the North American Group. He is a volunteer CoChair of the Wilson Centres Canada Institute, a nonpartisan public policy forum focused on CanadaU.S. relations since 2016.
Age 70
Tenure 8 years
Address 100 Osborne Street North, Winnipeg, MB, Canada, R3C 1V3
Phone204 946 1190
Webhttps://www.greatwestlifeco.com
Doer received a distinguished diplomatic service award from the World Affairs Council in 2011 and was inducted into the Order of Manitoba in 2010.

Great West Management Efficiency

As of the 26th of November 2024, Return On Equity is likely to grow to 0.15, while Return On Tangible Assets are likely to drop 0. At this time, Great West's Fixed Asset Turnover is very stable compared to the past year. Great West's management efficiency ratios could be used to measure how well Great West manages its routine affairs as well as how well it operates its assets and liabilities.
Great West Lifeco has accumulated 9.65 B in total debt with debt to equity ratio (D/E) of 0.32, which is about average as compared to similar companies. Great West Lifeco has a current ratio of 25.48, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Great West until it has trouble settling it off, either with new capital or with free cash flow. So, Great West's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Great West Lifeco sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Great to invest in growth at high rates of return. When we think about Great West's use of debt, we should always consider it together with cash and equity.

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Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation. GREAT WEST operates under Insurance - Life And Health classification in Canada and is traded on Toronto Stock Exchange. It employs 28000 people. Great West Lifeco (GWO) is traded on Toronto Exchange in Canada and employs 33,500 people. Great West is listed under Life & Health Insurance category by Fama And French industry classification.

Management Performance

Great West Lifeco Leadership Team

Elected by the shareholders, the Great West's board of directors comprises two types of representatives: Great West inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Great. The board's role is to monitor Great West's management team and ensure that shareholders' interests are well served. Great West's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Great West's outside directors are responsible for providing unbiased perspectives on the board's policies.
Deborah Barrett, Independent Director
Robert Reynolds, President LLC
Nancy Russell, Senior Vice-President and Chief Internal Auditor of Lifeco, GreatWest, London Life and Canada Life
Jeffrey Macoun, Pres Canada
Dervla Tomlin, Executive Vice-President Chief Actuary of Lifeco, Great-West, London Life and Canada Life
R Orr, Independent Chairman of the Board
Andre Desmarais, Independent Director
Claude Genereux, Independent Director
Raman CFA, Executive Officer
Elizabeth Lempres, Independent Director
Garry MacNicholas, Executive Vice-President, Chief Financial Officer of Lifeco, Great-West, London Life and Canada Life
Gary Doer, Independent Director
James Singh, Independent Director
Paul Mahon, CEO and President Director and Member of Executive Committee
Paul Desmarais, Independent Director
Edmund Murphy, President and Chief Executive Officer of U.S
David Simmonds, Senior Officer
Graham Bird, Executive Vice-President Chief Risk Officer of Lifeco, Great-West, London Life and Canada Life
Raman Srivastava, Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West, London Life and Canada Life
Steven Rullo, Executive Officer
Douglas Tkach, Senior Vice-President and Chief Internal Auditor
Heather Conway, Independent Director
Edmund III, President Retirement
Jeremy Trickett, Senior Vice-President Corporate Secretary and Chief Governance Officer of Lifeco, Great-West Life, London Life and Canada Life
Gordon Menzie, Senior Treasury
Shubha Khan, SVP Relations
Philip Armstrong, Executive Vice-President and Global Chief Information Officer
Ross Petersmeyer, Senior Vice-President, Regulatory Affairs of Lifeco, Great-West, London Life and Canada Life
Gregory Tretiak, Independent Director
Brian Walsh, Independent Director
Sharon Geraghty, Executive Vice-President and Global Chief Investment Officer, Lifeco, Great-West Life, London Life and Canada Life
Siim Vanaselja, Independent Director
Anne Sonnen, Senior Vice-President Chief Compliance Officer of Lifeco, GreatWest, London Life and Canada Life
Paula Madoff, Independent Director
Grace Palombo, Executive Vice-President, Chief Human Resources Officer of Lifeco, Great-West, London Life and Canada Life
Susan McArthur, Independent Director
Jeff Macoun, President and Chief Operating Officer, Canada
Andrew Conrad, Senior Treasury
Arshil Jamal, President and Chief Operating Officer - Europe of Lifeco, Great-West, London Life and Canada Life
T Ryan, Independent Director
Michael Dibden, Executive Officer
Michael Amend, Independent Director
Amy Metzger, Senior Officer
Donald Raymond, Independent Director
Marcel Coutu, Independent Director
Jerome Selitto, Independent Director
Jon Nielsen, Executive Officer
J Jackson, Independent Director
David Fuller, Independent Director

Great Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Great West a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Great West

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Great West position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Great West will appreciate offsetting losses from the drop in the long position's value.

Moving together with Great Stock

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The ability to find closely correlated positions to Great West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great West when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Great West - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Great West Lifeco to buy it.
The correlation of Great West is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Great West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great West Lifeco moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Great West can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Great Stock

Great West financial ratios help investors to determine whether Great Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Great with respect to the benefits of owning Great West security.