Canaccord Genuity Group Inc. Announces Head of Canaccord Genuity Wealth in United Kingdom

CNW Group

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 Wealth entities.

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.

Contact:

North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com 

London media:
Bobby Morse or Ben Romney
Buchanan (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com 

Broker:
Oliver Hearsey
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: oliver.hearsey@rbccm.com

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