Power Financial

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.

Power Financial also has significant holdings in a portfolio of global companies based in Europe through its investment in Pargesa.

The share price for Power Corporation increased by 7.9%[16] following the initial announcement of the transaction as the reorganization is expected to benefit shareholders by creating long-term value through:[17] R. Jeffrey Orr was appointed as President and chief executive officer of Power Financial in 2005.

[18][19] The other members of the board of directors of Power Financial are Gary Doer, R. Jeffrey Orr, T. Timothy Ryan, Jr. and Siim A.

[20] Directors emeritus of the company have included former chief executive officer James W. Burns and Michael Pitfield.