Sector: Financial Services
Employees: 24,500
Revenue: >$60 Billion
HQ: Canada
About the Company
Phil Armstrong
In today’s fast-paced world, human error and distraction are emerging as our biggest threats. Criminals have increasingly sophisticated tools, and it takes increasingly sophisticated solutions to deliver on our security promises.
Phil's Transformation journey
Phil is the President & CEO of Macanthium Ventures Inc. In 2021, he retired from his position as EVP & Global CIO of Great-West Lifeco Inc, Canada’s oldest Life Insurance Company with over $2 trillion in assets under administration. Phil led the digital transformation efforts to replace legacy technologies that were anchoring Lifeco to outdated business models. Transforming the organization into a flexible, responsive, collaborative, and cloud-first leader and innovator positioned Lifeco for future success, record performance, and the ability to absorb several accretive acquisitions. After safely transitioning its global workforce to working from home within days, Lifeco emerged from a year of COVID-19 restrictions significantly stronger, and with record financial results. Lifeco continues to lead the Insurance and Wealth Management industry as a digital innovator and trusted partner. Phil was inducted into the CIO Hall of Fame as the first, and only, Canadian-based CIO.
Secure Cloud Transformation: Accelerating the Financial Services Sector to the Cloud Read now
LESSONS LEARNED
Select your strategic partners carefully. Choose the partner and solution set that has the functionality you desire, but think about their longevity, adaptability, expertise, and commitment to the space they work in.