Bringing you live news and features since 2006 

Canaccord Genuity acquires investment dealing and custody business from C Hoare

RELATED TOPICS​

Canaccord Genuity Wealth Management UK & Europe is to acquire the investment dealing and custody business of London-based private bank C Hoare & Co.

The sale by C Hoare & Co is in line with the bank's strategy of improving and refocusing on its private banking business following the recent sale of its wealth management business in February, 2017.
 
David Esfandi, chief executive officer of Canaccord Genuity Wealth Management in the UK & Europe, says: "We are delighted to announce the acquisition of C Hoare & Co's investment dealing and custody business, which wholly supports our growth strategy. Alongside our relationship-led approach and strong expertise, our investment in a state-of-the-art and highly scalable trading platform means that we are well-placed to welcome our new clients and provide the excellent service and stockbroking expertise they are looking for."
 
Alexander Hoare, partner and director at C Hoare & Co, says: "C Hoare & Co has a strong heritage as a private bank, and we are focusing all our efforts on providing this to the highest standards. We believe that Canaccord Genuity Wealth Management will be able to provide an excellent investment dealing and custody service for our customers."
 
It is expected that the transaction will close in the second quarter of the 2017 calendar year.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by