The Evolution of our Business
In just six decades Canaccord Genuity has grown from a Canadian-based venture capital firm to a premier global financial services firm. Our commitment to understanding and exceeding the needs of our clients is the cornerstone of our success. The evolution of our firm continues to be based on putting the interests of our clients and shareholders first.
Hemsworth, Turton & Co., a Western Canadian venture capital firm and the predecessor to Canaccord, opens its doors.
The future partners of Canaccord acquire Hemsworth, Turton & Co. naming the new firm Canarim Investment Corporation. Under the leadership of Peter Brown and Ted Turton, Canarim quickly becomes a principle financier of early stage ventures and the largest trader on the growing Vancouver Stock Exchange.
In recognition of the firm’s growing partnership and integration of several small acquisitions, Canarim is incorporated as Canaccord Capital.
Canaccord has 400 employees, including 290 Advisors in six branches across Canada. The company begins an aggressive growth strategy to evolve from a transactional-based business to an integrated, full-service financial services firm.
Canaccord has completed a series of significant mergers and acquisitions, including six independent brokerage firms in Canada, as well as one in London, UK and one in Paris, France.
Canaccord has tripled in size since 1993, as measured by clients, employees, locations and business volumes.
On June 30, Canaccord becomes a public company listed on the Toronto Stock Exchange. The firm’s IPO raises C$70 million and trades under the ticker symbol CCI.
One year after our listing on the TSX, Canaccord completes a listing on the Alternative Investment Market (AIM) of the London Stock Exchange. The company is now dual-listed under the symbol CCI, and continues to broaden our shareholder base.
On January 3, Canaccord completes the acquisition of Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer with expertise in the technology, life sciences and consumer segments. Our global capital markets division is rebranded Canaccord Adams to solidify this strategic growth.
Paul Reynolds is appointed President and CEO of Canaccord Capital Inc., succeeding founder Peter Brown, who remains Chairman of the Board of Directors after 40 years of successful leadership.
Canaccord Capital becomes Canaccord Financial Inc., with Canaccord Wealth Management operating as a leading, full-service investment dealer in Canada and Canaccord Adams as our international capital markets operations based in Canada, the US and the UK. To signal this important transition, the ticker symbol for Canaccord Financial is changed to CF on the Toronto Stock Exchange and CF. on the AIM.
Canaccord Financial Inc. acquires Genuity Capital Markets – a leading independent advisory firm in Canada. The acquisition adds significant strength to Canaccord’s capital markets division, particularly in the M&A, Advisory and Restructuring space. As a result of the business integration, Canaccord’s capital markets division is rebranded Canaccord Genuity (from Canaccord Adams).
On November 22, 2010, Canaccord announced its expansion into Asia with the acquisition of The Balloch Group and a strategic agreement with the Export-Import Bank of China.
Canaccord completes the acquisition of The Balloch Group and rebrands its capital markets operations in Asia Canaccord Genuity Asia.
Canaccord completes the acquisition of a 50% interest in BGF Equities and rebrands its operations in Australia and Hong Kong Canaccord BGF.
Canaccord completes the acquisition of Collins Stewart Hawkpoint, significantly expanding its operations in the UK and the US, adding operations in Europe, and growing its Asia-Pacific presence with operations and listing capabilities in Singapore.
On July 13, 2012, Canaccord's common shares began trading on the LSE Main Market, having graduated from AIM.
On October 1 2013, Canaccord Financial Inc. is renamed Canaccord Genuity Group Inc., unifying the global franchise under the Canaccord Genuity brand.
David Kassie assumes role of Chairman and Chief Executive Officer, following the death of Paul Reynolds, President and CEO. On October 1, 2015, Dan Daviau is named President & Chief Executive Officer of Canaccord Genuity Group Inc. In conjunction with the appointment, Mr. Daviau joins the Board of Directors. David Kassie becomes Executive Chairman.
Canaccord Genuity Wealth Management in the UK & Europe completes its acquisition of Hargreave Hale Ltd. one of the UK's leading independent investment and wealth management businesses. The transaction establishes CGWM (UK) as a top 10 UK wealth management business by assets and represents an important step in the Company's strategy of growing its global wealth management businesses and increasing its wealth management contributions to overall group results.