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Canaccord Genuity sees investment banking and wealth boost after acquisition spree

The Toronto-listed group’s latest trading update points to a brighter picture

David Esfandi, CEO of Canaccord Genuity Wealth Management UK & Europe, has overseen a host of recent deals
David Esfandi, CEO of Canaccord Genuity Wealth Management UK & Europe, has overseen a host of recent deals

Wealth manager and advisory firm Canaccord Genuity has reported higher assets and fees after a recent deal spree.

Total global wealth assets rose above C$110bn ($79.2bn), up 18.3% compared with a year earlier, with the UK and crown dependencies business growing 19.8% to C$63bn in the three months ended 30 September.

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