CompaniesMay 1 2013

Collins Stewart, Eden rebranded under Canaccord umbrella

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ByMichael Trudeau

Canaccord Financial has rebranded its global wealth management division, which includes UK Collins Stewart Wealth Management and UK private client wealth manager Eden Financial, to Canaccord Genuity Wealth Management.

The move brings Canaccord’s wealth management operations across the world under the same brand name.

Last year (28 September), Canaccord subsidiary Collins Stewart Wealth Management spoke out to reassure clients of Eden Financial that it would try to retain key staff after it was taken over by Canaccord.

The acquisition of Eden Financial brought £835m of assets under management to Canaccord along with 2,500 clients. Collins Stewart itself was acquired by Canaccord in December 2011, in a deal worth around £250m.

Neil Darke, chief executive of Canaccord Genuity Wealth Management for UK and Europe, said: “This brand change has been known to our clients for the past year and we believe that they will increasingly benefit from enhanced exposure and access to a global offering.”

The company’s investment professionals and portfolio managers in the region oversee about £10bn of client assets. On a global basis, Canaccord Genuity manages and administers about £17bn of client assets.