Mark Brown, chief executive of Collins Stewart Hawkpoint, will become chief executive of Canaccord Genuity in the UK, Europe and Asia Pacific, the global capital markets division of Canaccord Financial, once the UK broker is acquired by the Canadian bank.

Canaccord Financial said yesterday in a statement it had offered to buy all of Collins Stewart Hawkpoint for £0.96 per share in cash and stock, valuing the UK firm £253m (€301m).