Our Bureau
Ottawa
Canada Life has appointed Shreyas Sridhar as Managing Director of Bulk Purchase Annuities (BPA), effective from 7 April 2025 subject to regulatory approval. Shreyas will join the Canada Life UK Executive Committee and report to UK Chief Executive Lindsey Rix-Broom.
Shreyas is a highly experienced financial services executive and joined Canada Life UK in February 2024 as Business Development Director for its BPA business. Prior to joining Canada Life, he spent eight years in roles within Legal & General’s pension risk transfer business, most recently as Head of Reinsurance & International Development. Shreyas has also previously worked as a structured finance and derivatives lawyer.
He succeeds Tim Coulson, who will continue to work with Canada Life in an advisory capacity before retiring at the end of 2025. Tim joined Canada Life in 2023 to accelerate its BPA strategy and proposition, enabling the business to capitalise on the opportunities in the growing UK bulk annuities market.
Delighted Shreyas Sridhar, Managing Director for Bulk Purchase Annuities at Canada Life UK said, “I’m incredibly honoured and excited to be taking up the mantle of leading Canada Life’s bulk annuities business. I wish to extend my heartfelt gratitude to Tim for his leadership and guidance, which has helped transform our business in these past two years. This is an exciting time for the bulk annuities market, and I look forward to working with my talented colleagues to drive Canada Life’s ambitious plans.”
Commenting Lindsey Rix-Broom, Chief Executive at Canada Life UK said, “I’m thrilled to welcome Shreyas to the UK Executive team as Managing Director of Bulk Purchase Annuities. He is an exceptional executive with a wealth of experience and has been instrumental in leading the growth of our bulk annuities business, which continues to go from strength to strength.”
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses.
