Canaccord's wealth management head Massey steps up as global head exits - reports

Official statement likely this week

Stephen Massey, head of UK wealth management at broker and advisory firm Canaccord Genuity, has been made executive chairman of the business as CEO Alexis de Rosnay steps down, according to reports.

De Rosnay is chief executive of the firm's European operations and head of its investment bank. Chief financial officer Nick Russell will become interim chief executive following his departure according to Sky News insiders, who also say an announcement about the change is likely to be released this week. The news comes just weeks after the group blamed political uncertainty for a series of cuts across its business, which saw its London-based capital markets operations undergo a substantial restructuring. Canaccord Genuity buys Thomas Miller WM in £28m deal According to Canaccor...