Canaccord Genuity acquires Adam & Co IM in £54m deal

Agreement secures presence in Scottish market

Pedro Gonçalves
clock • 1 min read
David Esfandi, CEO of CGWM UK
Image:

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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