Canaccord Genuity Wealth Management Names Co-CIOs

The Canadian wealth manager said the restructuring was part of a push towards bolstering its outsourced investment management capabilities for intermediaries and discretionary services for private clients.

Since 2015, Champion has served as CGWM UK's deputy CIO, while Becket joined following the firm's acquisition of Punter Southall Wealth, where he was CIO. 

Odey AM's Geoffrey Marson and Odey Opportunity fund move to Canaccord Genuity

David Esfandi, CEO of CGWM UK, said: "I am delighted that we have been able to combine the best of both CIO worlds to create a compelling breadth and depth of expertise for the benefit of our discretionary portfolios and model services. 

"We now have the deepest sector coverage we have ever had - Richard is a highly experienced specialist in direct equities and is complimented by Thomas's strengths in fixed income and alternatives. Both have enormous experience in asset allocation and portfolio construction."

Canaccord Genuity management looks to take company private

In June 2022, Canaccord Genuity wrapped up its acquisition of Punter Southall Wealth and its intermediary-facing brand, Psigma, in a £164m deal.

At the start of this year, it was revealed that the senior management of Canaccord Genuity had launched a C$1.1bn (£660m) bid to take the business private, as they believed the public markets placed a low value on the business.

RECENT NEWS

Gyrostat Capital Management: The Missing Allocation In Retirement Portfolio Construction?

For decades, retirement portfolios have largely been constructed using combinations of growth assets a... Read more

When The Gate Comes Down

A Stress Test Rather Than a ScandalApollo Debt Solutions is not a blow-up story. It is something arguably more instructi... Read more

What If The Investment Industry Is Benchmarking The Wrong Things?

  Investment management is built around benchmarking.  Fund managers compare themselves a... Read more

SpaceX Is Looks To Make History

The Biggest Bet in Wall Street History: SpaceX's $1.78 Trillion IPOThere are moments in financial history that stop you ... Read more

Gyrostat June Market Outlook: When Low Volatility Conceals Structural Risk

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direc... Read more

Why Low Volatility Is Not The Same As Low Risk

Why Low Volatility is Not The Same As Low Risk Some of the worst-performing portfolios in... Read more