TORONTO, Oct 1, 2024 /PRNewswire/ -- Canaccord Genuity
Group Inc. (TSX: CF) (the "Company") is pleased to announce that
through its wealth management business in the UK and Crown
Dependencies ("CGWM UK"), it has completed its purchase of Cantab
Asset Management Ltd. ("Cantab"), a chartered, independent
financial planning business headquartered in Cambridge, UK.
The transaction further consolidates CGWM UK's position as a top
10 wealth manager in the UK by assets under management & advice
and strengthens its financial planning capacity and reach.
As previously disclosed, the investment professionals and
support staff of Cantab will continue in their existing roles and
will be fully supported in directly managing their client
relationships. The professionals and clients of Cantab will also
benefit from access to the extensive range of additional resources
and thought leadership provided by CGWM UK and the Company's
broader global platform.
David Esfandi, CEO, Canaccord
Genuity Wealth Management said: "The Cantab integration extends our
reach into the east of England and
further strengthens our financial planning capability. Adding
talented financial planning professionals who share our philosophy
is central to our ambitious growth strategy and we are excited to
welcome our new colleagues to Canaccord. Their dedication and
expertise will be instrumental in our journey to become the best
integrated wealth manager by performance and service."
ABOUT CANACCORD GENUITY GROUP INC.
Through its principal subsidiaries, Canaccord Genuity Group Inc.
(the "Company") is a leading independent, full-service financial
services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since
its establishment in 1950, the Company has been driven by an
unwavering commitment to building lasting client relationships. We
achieve this by generating value for our individual, institutional
and corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. The Company has
wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital
markets division operates in North
America, UK & Europe,
Asia, and Australia.
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" as
defined under applicable securities laws ("forward-looking
statements"). These statements relate to future events or future
performance and reflect management's expectations, beliefs, plans,
estimates, intentions and similar statements concerning anticipated
future events, results, circumstances, performance or expectations
that are not historical facts, including business and economic
conditions and Canaccord Genuity Group's growth, results of
operations, performance and business prospects and opportunities.
Such forward- looking statements reflect management's current
beliefs and are based on information currently available to
management. In some cases, forward-looking statements can be
identified by terminology such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", "target", "intend", "could" or the
negative of these terms or other comparable terminology. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and a number of factors
could cause actual events or results to differ materially from the
results discussed in the forward-looking statements.
In evaluating these statements, readers should specifically
consider various factors that may cause actual results to differ
materially from any forward-looking statement. These factors
include, but are not limited to, market and general economic
conditions; the dynamic nature of the financial services industry;
and the risks and uncertainties discussed from time to time in the
Company's interim condensed and annual consolidated financial
statements, its annual report and its annual information form
("AIF") filed on www.sedar.com as well as the factors discussed in
the sections entitled "Risk Management" and "Risk Factors" in the
AIF, which include market, liquidity, credit, operational, legal
and regulatory risks.
Although the forward-looking statements contained in this press
release are based upon assumptions that the Company believes are
reasonable, there can be no assurance that actual results will be
consistent with these forward-looking statements. The
forward-looking statements contained in this press release are made
as of the date of this press release and should not be relied upon
as representing the Company's views as of any date subsequent to
the date of this press release. Except as may be required by
applicable law, the Company does not undertake, and specifically
disclaims, any obligation to update or revise any forward-looking
statements, whether as a result of new information, further
developments or otherwise.
View original
content:https://www.prnewswire.co.uk/news-releases/canaccord-genuity-group-inc-through-its-wealth-management-business-in-the-uk-announces-completion-of-its-acquisition-of-cantab-asset-management-ltd-302263837.html