On May 31, 2024, Canaccord Genuity Group Inc. announced that it will acquire Cantab Asset Management Ltd.
Canaccord Genuity Group Inc. (“Canaccord”), announced on May 31, 2024, that through its wholly owned wealth management business, Canaccord Genuity Wealth Management, it entered into a share purchase agreement to acquire Cantab Asset Management Ltd. (“Cantab”). The transaction is expected to close in the third quarter of 2024. Further terms of the deal were not disclosed.
Canaccord (TSX: CF), based in Vancouver, Canada, is a financial firm specializing in wealth management and capital markets. Canaccord Genuity Wealth Management is a registered investment advisor. As of March 2024, Canaccord had approximately $76 billion in assets under management.
Cantab, based in Cambridge, UK, is a chartered, independent financial planning business specializing in high-net-worth private clients and charities. Cantab has approximately $1.14 billion in assets under management.
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