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Canaccord Genuity Group Inc. Through Its Australian Operation Announces Completion of Its Acquisition of Patersons Securities Limited
Canaccord Genuity Group Inc. Through Its Australian Operation Announces Completion of Its ...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\nCanaccord Genuity Group Inc. Through Its Australian Operation Announces Completion of Its Acquisition of Patersons Securities Limited\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and MELBOURNE, Oct. 21, 2019\n\n\n\nBusiness combination creates a leading Australian financial services firm with an expanded national footprint and a powerful offering for its combined clients\n TORONTO and MELBOURNE, Oct. 21, 2019 /CNW/ - Canaccord Genuity Group Inc. (TSX: CF, \"Canaccord Genuity\", the \"Company\") is pleased to announce that through its Australian operation, Canaccord Financial Group (Australia) Pty Ltd (\"Canaccord Genuity Australia\"), it has closed its previously announced acquisition of 100% of the issued share capital of Patersons Securities Limited (\"Patersons\").\n\"The completion of the Patersons transaction marks the beginning of a new chapter for our Australian business, as we systematically expand our presence with a leading wealth management business in Australia,\" said Marcus Freeman, CEO of Canaccord Genuity Australia. \"Together we will be a stronger market participant with an expanded national presence in the Australian financial services industry, offering an expanded suite of resources, products and services for our combined clients in wealth management and capital markets.\"\nWorking with the Company's existing capital markets and wealth management operations, Patersons will become Canaccord Genuity Patersons Limited and will continue to be authorized by the Australian Securities and Investments Commission (ASIC) to provide regulated products and services (including managed discretionary accounts through the Accolade Plus/Accolade Plus Pre...