TORONTO, March 26, 2014 /CNW/ - Canaccord Genuity Group Inc. (the
"Company") (TSX: CF, LSE: CF.) is pleased to announce that David
Esfandi has joined the Company to become Chief Executive of Canaccord
Genuity Wealth in the United Kingdom, subject to the required
regulatory approvals. Stephen Massey will also be assuming the role of
Chairman of the Canaccord Genuity Wealth Board in the UK. In addition,
the Company announces Neil Darke's departure, effective immediately.
"We are pleased to welcome someone of David's high caliber to lead our
growth efforts. Under his leadership, we will continue our focus on
enhancing our position to be a prominent wealth management firm in both
the UK and the Channel Islands," commented Paul Reynolds, President and
CEO of Canaccord Genuity Group Inc. "We will continue to rely on
Stephen's wealth of experience in working with David to help propel
this business in the coming years," he added.
Mr. Esfandi joins Canaccord Genuity Wealth most recently from Ashcourt
Rowan, where he was a senior leader in the asset management business.
Prior to that, he was with Deutsche Bank for 9 years in a variety of
roles and began his career at Goldman Sachs on the equities side. Mr.
Esfandi is a graduate of Oxford and Wharton School of Business and is
currently an executive with Dwyer Asset Management, a well-known
participant in the UK real estate market.
Mr. Massey, formerly Principal and Founder of Eden Financial, joined
Canaccord Genuity following the acquisition of Eden Financial's wealth
management business in October 2012. He sits on the Boards of the UK
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 offices in 11
countries worldwide, including Wealth Management offices located in
Canada, Australia, the UK and Europe. Canaccord Genuity, the
international capital markets division, operates in Canada, the US, the
UK, France, Germany, Ireland, Hong Kong, mainland China, Singapore,
Australia and Barbados. To us there are no foreign markets.TM
Canaccord Genuity Group Inc. is publicly traded under the symbol CF on
the TSX and the symbol CF. on the London Stock Exchange.
SOURCE: Canaccord Genuity Group Inc.
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