Canaccord Genuity Wealth’s chief executive Neil Darke has quit the firm which has hired David Esfandi into the role.
Mr Darke had been head of the UK business for seven years through its acquisition of firms such as Eden Financial and Anderson Charnley as well as through its rebrand from Collins Stewart Wealth Management.
However, a spokesperson for the company cofirmed Mr Darke had resigned from the company.
The firm said his departure was “effective immediately” adding he had been replaced by Mr Esfandi, who left Ashcourt Rowan, where he had been managing director of asset management, last year.
Prior to joining Ashcourt Rowan, Mr Esfandi was at Deutsche Bank for 10 years, having previously worked at Goldman Sachs.
The firm has also appointed Stephen Massey as chairman of the Canaccord Genuity Wealth board in the UK.
Mr Massey was the founder and principal of Eden Financial and joined Canaccord in 2012 as part of its acquisition of Eden.