BOSTON AND BEIJING, Sept. 19, 2011 /CNW/ - Canaccord Genuity announces
the expansion of its investment banking efforts in Asia with the
relocation of Jeffrey Hagan, Managing Director, Head of Asian
Technology and Sustainability & CleanTech Investment Banking to China.
Earlier this year Canaccord began its expansion into the Asia-Pacific
region with the acquisition of The Balloch Group, a boutique Chinese
investment bank that was established in 2001 by Howard Balloch,
Canada's ambassador to China from 1996 to 2001. Most recently,
Canaccord signed an agreement to acquire a 50% equity interest in BGF
Capital, a growing Australian investment dealer with offices in Sydney,
Melbourne and Hong Kong, and listing capabilities on the Australian
Securities Exchange (ASX) and Hong Kong Stock Exchange (HKEX). With
these expansion initiatives, Canaccord now has distribution and listing
capabilities on nine exchanges in five geographies.
After three years as a managing director in San Francisco, building
Canaccord's West Coast technology practice, Hagan will now oversee the
firm's Technology and Sustainability & CleanTech business in the
Asia-Pacific region from Canaccord's offices in Beijing and Shanghai.
Jamie Brown, President of Canaccord Genuity Inc. said "The Technology,
Sustainability and CleanTech areas continue to drive a substantial part
of the global economy and we are pleased to have Jeff Hagan at the
forefront of our expanding global investment banking practice."
"We are very excited to have Jeff join our team in China. His expertise
adds greater depth to our coverage of these important sectors, which I
believe are key to the region's future, and broadens our ability to
serve Chinese growth companies as they become global players," added
Howard Balloch, Chairman of Canaccord Genuity Asia.
Prior to working at Canaccord Genuity, Hagan served as Managing Director
and Head of West Coast Technology Banking for Oppenheimer & Co. Earlier
in his career, he founded The Metcalf Group, which provided a variety
of financial advisory services to growth companies in the Tech and
CleanTech industries. From 1995-2002, Hagan worked at UBS where his
latest position was Executive Director, Global Head of Communications
Technology. Hagan has also held positions at Goldman Sachs and
Sumitomo Bank Capital Markets group. He graduated from Stanford
University and holds an MBA from the Wharton School of Business.
ABOUT CANACCORD GENUITY:
Canaccord Genuity is the global capital markets division of Canaccord
Financial Inc (CF: TSX |CF.: AIM), offering institutional and corporate
clients idea-driven investment banking, merger and acquisition,
research, sales and trading services from 16 offices worldwide. Our
team of over 400 capital markets professionals have industry and
transactional expertise in critical sectors of the global economy:
Metals and Mining, Energy, Agriculture, Technology, Telecommunications,
Financials, Consumer Products, Real Estate, Transportation,
Infrastructure, Sustainability & CleanTech, Life Sciences, Support
Services and Investment Trusts. We are committed to providing valued
services to our clients throughout the entire lifecycle of their
business and operating as a gold standard independent investment bank -
expansive in resources and reach, but targeted in industry expertise,
market focus and individual client attention.
More information is available at www.canaccordgenuity.com.
Canaccord Genuity operates through subsidiaries of Canaccord Financial
Inc. Canaccord Genuity
Inc. operates in the United States, and is a member of FINRA/SIPC.
Canaccord Genuity Limited operates in the United Kingdom, and is
regulated and authorized by the Financial Services Authority and is a
member of the LSE. Canaccord Genuity Corp. operates in Canada and is a
Member of CIPF and IIROC.
SOURCE Canaccord Genuity Inc.
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