Edition:
India

Canaccord Genuity Group Announces A Restructuring Of Its UK Capital Markets Business


Monday, 1 Apr 2019 

March 31 (Reuters) - Canaccord Genuity Group Inc ::ANNOUNCES A RESTRUCTURING OF ITS UK CAPITAL MARKETS BUSINESS.PLAN IS EXPECTED TO RESULT IN A SIGNIFICANT REDUCTION IN COMPANY'S LONDON-BASED CAPITAL MARKETS STAFF LEVEL.CANACCORD GENUITY GROUP - CO ANTICIPATES OPERATING MORE FOCUSED UK CAPITAL MARKETS BUSINESS.CANACCORD GENUITY GROUP - IN CONNECTION WITH RESTRUCTURING, CO TO RECORD A CHARGE OF ABOUT $12 MILLION IN ITS Q4 ENDING MARCH 31, 2019.CANACCORD GENUITY- RESTRUCTURING DOES NOT AFFECT CO'S WEALTH MANAGEMENT OPERATIONS IN UK, EUROPE.