Canaccord Genuity Group has appointed David Esfandi as chief executive of its wealth arm as part of a wider shake-up of senior management.
The wealth manager announced the immediate departure of former chief executive Neil Darke. It also appointed a new chairman, Eden Financial founder Stephen Massey to the Canaccord Genuity Wealth Board in the UK.
Esfandi was a managing director in Ashcourt Rowan's asset management business for two years before his exit in October. Previously, he spent ten years at Deutsche Bank.
Canaccord president and chief executive Paul Reynolds said: "We are pleased to welcome someone of David's high calibre to lead our growth efforts.
"Under his leadership, we will continue our focus on enhancing our position to be a prominent wealth management firm in both the UK and the Channel Islands."
