16 December 2011
Canada’s Canaccord Financial intends to acquire London-listed Collins Stewart Hawkpoint for $393 million, as part of a move to significantly broaden its market presence. "The acquisition of Collins Stewart Hawkpoint will be a transformational expansion of our business and will firmly position Canaccord as a leading global independent investment bank . When the transaction closes, Canaccord will have operations in twelve countries and capabilities to list companies on ten stock exchanges,” Paul Reynolds, president and chief executive of Canaccord, said in a statement.
4 November 2010
Canaccord Financial has reported a 20. 6 per cent rise in revenue for the second quarter of fiscal year 2011, ended 30 September, compared to the same period a year ago, to $149 . 3 million.
1 April 2009
Canaccord Capital, the Vancouver-based financial services group that includes a wealth management arm, is extending its cost reduction programmes to include measures like consolidation of back office support and deferral of certain rewards programmes, according to its quarterly statement. "Canaccord is a resilient and resourceful organisation, with a solid plan in place for the future," said Paul Reynolds, president and chief executive of Canaccord Capital . "We believe our goals of lowering our breakeven, modernising our compensation structure and ensuring the efficiency of our operations are critical to our continued success.
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
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