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CANACCORD GENUITY GROUP INC. SHARPENS STRATEGIC FOCUS FOR ITS U.S. CAPITAL MARKETS BUSINESS
CANACCORD GENUITY GROUP INC. SHARPENS STRATEGIC FOCUS FOR ITS U.S. CAPITAL MARKETS BUSINESS ...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\n CANACCORD GENUITY GROUP INC. SHARPENS STRATEGIC FOCUS FOR ITS U.S. CAPITAL MARKETS BUSINESS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Sale of U.S. market making business reinforces alignment of Canaccord Genuity's U.S. business with its global capital markets platform\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n April 1, 2025\n \n\n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") today announced a key step in the continued evolution of its strategy related to its U.S. capital markets business, Canaccord Genuity LLC. The Company has entered into a definitive agreement to sell its U.S. wholesale market making business (the \"Business\") to Cantor, further strengthening its focus on its core global advisory- and ECM-led investment banking platform.\n \n\n The transaction allows the Company to streamline its U.S. capital markets business and direct capital and resources toward its high-performing, globally integrated M&A advisory and ECM-driven investment banking and capital markets capabilities. The U.S. wholesale market making business, which primarily specializes in OTC wholesale market making, including global equities and ADRs, has operated adjacent to the Company's equity-based institutional sales and trading, but has remained outside the strategic core.\n \n\n \"This transaction sharpens our focus and allows us to streamline our U.S. business around our core strengths, anchored in advisory and capital raising capabilities across high-growth sectors,\" said\n \n Jeff Barlow\n \n , CEO of Canaccord Genuity LLC.  \"We see a great opportunity for the wholesale market making business with Cantor and we are confident that we will deliver a seamless transition for the team and clients.\"\n \n\n \"We are committed to strategically growing our global equities franchise and look forward to welcoming this well-established, experienced team of professionals to our firm,\" said\n \n Pascal Bandelier\n \n , Co-CEO of Cantor and Global Head of Equities. \"We plan to scale this b...