Canaccord Genuity buys £900m Cambridge planning firm

Its acquisition of Cantab is expected to be completed in September

Isabel Baxter
clock • 1 min read

Canaccord Genuity Group is to acquire financial planning firm Cantab Asset Management (Cantab) through its wealth management business in the UK and Crown Dependencies (CGWM UK).

Headquartered in Cambridge, Cantab is a Chartered independent financial planning business with approximately £900m in assets under management. It serves high-net-worth private clients and charities. Upon completion of the acquisition, Cantab investment professionals and support staff will continue in their existing roles. To support the transition, David Saunderson will remain chief executive (CEO) and member of the Cantab board. Saunderson said: "Joining Canaccord Genuity marks an exciting new chapter in the development and growth of Cantab Asset Management as a leading provider o...

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