Great-West Lifeco appoints Paul Finkbeiner as newly-created Executive Vice-President, Global Head of Real Estate

All figures are expressed in Canadian dollars, except as noted.

Winnipeg, MB, November 8, 2018. . . Great-West Lifeco Inc. today announced that Paul Finkbeiner, President, GWL Realty Advisors Inc. (GWLRA), has been appointed Executive Vice-President, Global Head of Real Estate for Great-West Lifeco. The appointment is effective immediately.

In this newly-created role, Mr. Finkbeiner will report to Raman Srivastava, Executive Vice-President and Global Chief Investment Officer, Great-West Lifeco. He will work closely with regional leaders to set a strategic direction and deliver on investment goals across a diverse global real estate investment platform. In addition, he will provide leadership and coordination in building out the global real estate investment business for third-party investors.

“Under Paul’s strong leadership, GWLRA has become one of Canada’s leading real estate organizations,” said Mr. Srivastava. “In this role, Paul will work to establish a global real estate platform leveraging our existing strong regional capabilities to allow us to continue to accelerate our growth and maximize our access to investments across the regions. We’re excited to chart a strategic path to further expand our global real estate footprint.”

Mr. Finkbeiner has over 30 years of real estate experience and joined the organization over 20 years ago. He has held senior leadership positions at GWLRA – most recently serving as President, where he was responsible for the overall management and growth of its real estate portfolio. With Mr. Finkbeiner at the helm, GWLRA grew from $800 million in assets under management to $17 billion in assets under management, managing more than 230 office, industrial, retail and multi-residential properties located across the country. Collectively, Great-West Lifeco currently manages approximately $25 billion in real estate assets across the globe.

With this announcement, Ralf Dost has been appointed President, GWLRA. With over 35 years of real estate industry experience, Mr. Dost most recently served as GWLRA’s Executive Vice-President and Chief Operating Officer, where he was responsible for GWLRA’s asset and property management, investment, finance and portfolio management functions.