Operating under the Adam & Company
brand, the combined teams become a significant
wealth management business in Scotland with further growth
potential
TORONTO, April 8, 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 acquisition of
Intelligent Capital.
As previously disclosed, professionals of Intelligent Capital
will begin to operate under the Adam & Company brand,
which represents the Scottish operating business
of CGWM UK. Intelligent Capital's core client proposition
will remain unchanged, and its financial planners will be fully
supported in continuing to directly manage their client
relationships. The staff and clients of Intelligent Capital will
also benefit from the broad range of resources provided by
CGWM UK and the Company's broader global platform.
With the completion of this transaction, Intelligent Capital's
Managing Director David Bremner has
been appointed to the position of Adam & Company's Head of
Wealth Management – Glasgow,
and will work closely with Matt
Phillips, Director of Wealth Planning for CGWM UK
and Graham Storrie, Head of
Adam & Company Wealth Management.
David Esfandi, Chief Executive
Officer of CGWM UK said: "We are delighted to be growing our
business in Scotland and are
working closely with David Bremner
to support a successful transition to Adam and Company. We will
continue to provide our best-in-class integrated investment and
financial planning services to our combined clients and look
forward to welcoming our new colleagues on board."
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.
Investor and media relations inquiries: Christina Marinoff, SVP, Head of Investor
Relations & Global Corporate Communications, Phone:
416-687-5507, Email: cmarinoff@cgf.com,
www.cgf.com/investor-relations
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