Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Esfandi appointed Canaccord CEO as Darke departs

Esfandi appointed Canaccord CEO as Darke departs

Neil Darke has left Canaccord Genuity Wealth Management (CGWM) and will be replaced by ex-Ashcourt Rowan managing director David Esfandi.

Subject to the required regulatory approval, Stephen Massey will assume the role of chairman of the firm's board in the UK.

Darke, who is a former Wealth Manager cover star, had been at the helm of CGWM for seven years.

CGWM, formerly known as Collins Stewart Wealth Management, was rebranded in Spring 2013.

The rebrand topped five years of significant change at the wealth manager. Under Darke, CGWM had completed a string of acquisitions, with Eden Financial in October 2012, and moved into financial planning through its purchase of Anderson Charnley back in 2010.

One of the most striking changes under Darke’s six-year tenure at the helm of the business had been a shift in focus from the Channel Islands to the UK mainland.

Darke's departure is 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,' said Paul Reynolds, president and CEO of Canaccord Genuity Group.

At Ashcourt Rowan, Esfandi was a senior leader in the firm's 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.

Massey, who founded Eden Financial, joined Canaccord Genuity when it acquired Eden FInancial's wealth management business in October 2012.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter