Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a705358
Canaccord Genuity’s Darke: We are preparing to hit the acquisition trail again
by Elsa Buchanan on Oct 02, 2013 at 10:04
‘We are getting more international business,’ he added. ‘The flavour is changing’.
Massey also hinted at international hires, while continuing to use London as its financial hub, ruling out opening further international offices.
The acquisition of Eden helped drive a 38% surge in revenues to £27 million (£16.36 million) for CGWM in the first quarter, with assets under management in the UK and Europe rising by 22% to $16.1 billion (£9.75 billion).
The £12.8 million acquisition of Eden Wealth follows on from its £253.3 million purchase of Collins Stewart in December 2011. The firm was rebranded under the Cannaccord banner the following May.
News sponsored by:
Today's top headlines
More about this:
More from us
On the road
by Danielle Levy on Dec 12, 2013 at 09:03