Canaccord Adams Global Expansion News

Canaccord Adams is a well-established financial services firm with a strong global presence. Its global expansion efforts have been a key driver of its success.

The company has made strategic acquisitions to expand its reach in key markets. In 2015, Canaccord Adams acquired Collins Stewart, a UK-based investment bank, to strengthen its European presence.

Canaccord Adams has also established a significant presence in the US and Asia. Its global expansion has enabled the company to offer a wider range of services to its clients.

The company's global expansion strategy has been successful in driving growth and increasing its market share.

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Canaccord Genuity has entered the Scottish market by buying the private client investment management business of Adam & Company from Royal Bank of Scotland.

The £54m deal is expected to close in September, subject to regulatory approval.

Adam & Company manages £1.7bn of assets on a discretionary basis and has seen its assets grow by 45 per cent over the past five years.

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Canaccord Genuity plans to move Adam & Company staff to a new Edinburgh office.

David Esfandi, chief executive of Canaccord Genuity Wealth Management UK, said the deal represents a very important milestone in their long-term growth strategy.

Graham Storrie, Adam & Company's managing director, will continue with the business in a leadership role.

Canaccord Genuity and Adam & Company share an operating and technology platform called Avaloq and have agreed to migrate business post-takeover.

The two companies expect the transition to Canaccord Genuity to be seamless.

Canaccord Genuity has expertise in the areas of global and small cap equities, ESG and fixed income offerings.

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