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Canaccord acquires Duncan Lawrie Isle of Man client portfolios

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Canaccord Genuity Wealth Management UK & Europe has acquired the client portfolios currently managed by Duncan Lawrie Private Banking in the Isle of Man.

The transaction will bolster Canaccord Genuity Wealth Management's presence in the Isle of Man, and supports the firm's strategy of growing assets under management.
 
At the end of its most recent fiscal quarter, Canaccord Genuity Wealth Management in the UK & Europe reported total assets under management of over GBP14 billion.
 
The acquisition is expected to include more than 100 client portfolios, including those using discretionary investment management and execution-only stock broking services.
 
No Duncan Lawrie staff will be moving to Canaccord Genuity Wealth Management as part of the deal.
 
Dermot Hamill, head of wealth management for Canaccord Genuity Wealth Management, Isle of Man, says: "We are delighted to be announcing our acquisition of Duncan Lawrie's Isle of Man client portfolios. We look forward to welcoming our new clients on board and providing them with the exceptional quality of service and investment offerings that we are known for."
 
David Esfandi, chief executive of Canaccord Genuity Wealth Management in the UK & Europe, says: "The acquisition of the Duncan Lawrie client portfolios on the Isle of Man is a great fit for our business, given our similar investment ethos and our synergies in client service. It is further proof of our wholehearted commitment to all the jurisdictions in which we operate. We have ambitious plans to grow our business and with a strong track record of meeting client needs and with our recent investment in technology and systems, we are well-placed to grow our client base and achieve our business objectives."

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