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CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGMENT BUSINESS IN THE UK & CROWN DEPENDENCIES ANNOUNCES ACQUISITION OF BROOKS MACDONALD ASSET MANAGEMENT (INTERNATIONAL) LTD.
CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGMENT BUSINESS IN THE UK & CROWN DEPENDEN...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\n CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGMENT BUSINESS IN THE UK & CROWN DEPENDENCIES ANNOUNCES ACQUISITION OF BROOKS MACDONALD ASSET MANAGEMENT (INTERNATIONAL) LTD.\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 \n\n\n\n\n CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGMENT BUSINESS IN THE UK & CROWN DEPENDENCIES ANNOUNCES ACQUISITION OF BROOKS MACDONALD ASSET MANAGEMENT (INTERNATIONAL) LTD.\n \n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 12, 2024\n \n\n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") is pleased to announce that through its wealth management business in the UK & Crown Dependencies (\"CGWM UK\") it has entered into a binding agreement with Brooks Macdonald Group plc (\"Brooks Macdonald\") to acquire its wholly owned operating subsidiary Brooks Macdonald Asset Management (International) Limited (\"BMI\").\n \n\n Founded in 2012, BMI provides investment management, financial planning and fund management services through its offices in Jersey, Guernsey, and the Isle of Man. As of\n \n 30 June 2024\n \n , BMI had funds under management of £2.3 billion and annual revenue of £19.9 million.\n \n\n The acquisition represents an important addition to the Company's international operations and, specifically, the addition of BMI will complement the Company's existing capabilities in Jersey and provide a strong foundation to strengthen and support our continued growth and development.  Upon completion of the transaction, the professionals and clients of BMI will benefit from being part of a larger, dedicated wealth management business with deep resources and a strong commitment to supporting their long-term growth and success.\n \n\n\n David Esfandi\n \n , Chief Executive Officer of CGWM UK said: \"Brooks Macdonald International is a quality business and an excellent strategic fit for our international division. This is a mutually beneficial transaction that will cement Canaccord's position as a fully-fledged integrated wealth manager. Both firms are well-established across the Crow...