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Brian Allison

Executive Vice President & Chief Investment Officer

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At a glance

Full Name
Brian Allison
Title
Former Executive Vice-President and Chief Investment Officer
Firm
Great-West Life / Canada Life / Great-West Lifeco
Firm Type
Public financial-services holding company and life insurer
Investment Stage
Institutional/corporate investment and asset-management activity; no verified angel or seed-stage investing mandate found
Target Company Profile
Large-scale financial-services, retirement, wealth-management, insurance, real-estate, infrastructure and operational-capability investments aligned with Great-West Lifeco/Canada Life strategy
Sector Focus
Insurance, wealth management, retirement services, commercial mortgages, real estate, renewable-energy infrastructure, financial-services operations technology
Geographic Focus
Canada, United States and Europe through Great-West Lifeco operating brands
Location
Winnipeg, Manitoba, Canada

Background

Brian Allison was an investment executive at Great-West Life and Canada Life, serving as Executive Vice-President and Chief Investment Officer. Public records from Canada’s federal lobbying registry list him as “Executive Vice-President and Chief Investment Officer” for The Canada Life Assurance Company, with no public offices held.

A MarketScreener executive profile states that Brian R. Allison worked at The Great-West Life Assurance Company as Chief Investment Officer and Executive VP from November 15, 2012. By 2019, he was still publicly quoted in that role in a Great-West Life announcement about modernizing the company’s commercial mortgage loan operations.

His career at the organization appears to have been long-tenured rather than venture-focused. At Great-West Lifeco’s 2024 annual meeting on May 2, 2024, then-CEO Paul Mahon identified Brian Allison as Chief Investment Officer and said he had decided to retire after 35 years of service. Great-West Lifeco later appointed John Melvin as Chief Investment Officer effective October 1, 2025.

Great-West Lifeco is a financial-services holding company operating under Canada Life, Empower and Irish Life. As of June 30, 2025, the company reported $3 trillion in total client assets and over 40 million customer relationships.

Investment Thesis & Focus

  • No verified evidence was found that Brian Allison is an angel investor or seed-stage investor, despite the stub classification. The reliable public record points to an institutional CIO role at a large insurer.
  • Great-West Lifeco’s public strategy emphasizes “capital allocation priorities,” including extending leadership positions, focusing on “capital light growth,” and “acquiring and investing in capabilities” that support changing customer needs.
  • Under the Great-West/Canada Life umbrella, relevant investment activity includes insurance asset management, wealth platforms, retirement services, commercial lending, real estate and infrastructure.
  • In 2019, Allison described a focus on improving mortgage-loan servicing operations, saying Great-West Life needed to “modernize and consolidate multiple systems onto a single platform” to support growth in its mortgage loan servicing business.
  • Great-West Lifeco reported investing more than $6.5 billion in wind, solar and hydroelectric renewable-energy projects in 2023, with affiliated asset managers overseeing more than $115 billion in sustainability-related strategies.

Notable Investments

  • Le Livmore Ville-Marie — Montréal multi-residential rental property developed by GWL Realty Advisors on behalf of Canada Life; opened in November 2022 and added as an investment to Canada Life participating and non-participating account segments. Brian Allison appeared at the ribbon-cutting ceremony.
  • Great-West Life commercial mortgage portfolio systems modernization — In 2019, Great-West Life selected SS&C Precision LM for loan servicing, accounting, asset management, valuation and reporting for a stated $13 billion commercial mortgage portfolio.
  • Renewable-energy projects — Great-West Lifeco reported more than $6.5 billion invested in wind, solar and hydroelectric renewable-energy projects in 2023.
  • IPC and Value Partners acquisitions — Great-West Lifeco cited these acquisitions as part of Canada Life’s strategy to build a leading wealth platform for independent advisors.
  • Putnam / Franklin Templeton transaction and strategic partnership — Great-West Lifeco said the transaction combined Putnam Investments with Franklin Templeton and supported Empower’s focus on U.S. retirement and personal wealth.

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