Business
Canaccord Genuity Wealth Management in the UK & Europe Completes Acquisition of Hargreave Hale Limited
Canaccord Genuity Wealth Management in the UK & Europe Completes Acquisition of Hargre...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\nCanaccord Genuity Wealth Management in the UK & Europe Completes Acquisition of Hargreave Hale 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\n\n\n\n\n\nCanaccord Genuity Wealth Management in the UK & Europe Completes Acquisition of Hargreave Hale Limited\nCanada NewsWire\nTORONTO, Sept. 18, 2017\n\n\n\nTORONTO, Sept. 18, 2017 /CNW/ - Canaccord Genuity Group Inc. (the \"Company\", TSX: CF) is pleased to announce that through its UK & Europe based wealth management business, Canaccord Genuity Wealth Management (\"CGWM (UK)\"), it has completed its previously announced acquisition of Hargreave Hale Limited (\"Hargreave Hale\").\n\n\n \n \n\n \nThe transaction advances CGWM (UK) to a top 10 UK wealth management business by assets, with strong growth potential from a base of over £23 billion (C$38 billion) in assets under management and administration. The Company expects the transaction to be immediately accretive to its adjusted earnings.1\n\nHargreave Hale is one of the UK's leading independent investment and wealth management businesses, with more than £8.0 billion (C$13.5 billion) in assets under administration, management and management contract. \n\n\"Today marks an exciting chapter of growth for Canaccord Genuity Wealth Management and we are delighted to welcome the employees and clients of Hargreave Hale,\" said David Esfandi, CEO of Canaccord Genuity Wealth Management in the UK & Europe. \"I continue to be impressed by the exceptional quality and commitment of our new colleagues and the strong complement between our businesses. As we embark on a carefully orchestrated transition plan, we look forward to unlocking greater opportunities for our businesses and our clients, as we bring together the vast resources, capabilities and talented professionals of our two organisations\" \n\nGiles Hargreave, Chairman of Hargreave Hale said: \"On behalf of the Hargreave Hale team, we are very pleased to be joining Canaccord Genuity Wealth Management. We entered this transaction with a strong commitment to the philosophy that has been the cornerst...