Canaccord Genuity acquires Adam & Co IM in £54m deal
David Esfandi, CEO of CGWM UK
Canaccord Genuity is acquiring the wealth management business of private bank Adam & Co from Royal Bank of Scotland in a £54m deal.
The Canadian group said it had reached an agreement with parent NatWest to acquire the £1.7bn investment management division via its UK wealth management arm (CGWM UK). Canaccord Genuity will pay cash...
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