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Canaccord Genuity to buy Mercer's Canadian private wealth business

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Canaccord Genuity Group Inc. said it will acquire the Canadian private wealth business of Mercer Global Investments Canada Ltd. Read on.

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Canaccord Genuity announced the agreement with Mercer on Feb. 1. The deal is expected to close within the next three months, subject to closing conditions including regulatory approval.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

The acquisition announcement comes less than a month after members of Canaccord Genuity‘s management team proposed to take theChief executive Daniel Daviau, who is part of the group, said the firm would be able to focus its efforts solely on serving the best interests of its clients after the completion of their offer.Article content

 

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Canaccord Genuity signs deal to buy Mercer’s Canadian private wealth businessThe acquisition is expected to add about $1.5-billion to Canaccord Genuity Wealth Management’s total client assets
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