29th Jan 2015 18:10
Canaccord Genuity Group Inc - Canaccord Genuity Dubai OfficeCanaccord Genuity Group Inc - Canaccord Genuity Dubai Office
PR Newswire
London, January 29
Canaccord Genuity expands global footprint with presence in Dubai TORONTO, Jan. 29, 2015 /CNW/ - Canaccord Genuity Group Inc. (the "Company")announces plans to build an investment banking and advisory practice withsenior managing director presence in Dubai, to service our existingrelationships in the Middle East, North Africa and South Africa (MENASA)region. Sachin Mahajan, Managing Director, Mergers and Acquisitions will betransitioning over the coming weeks with the expectations of being fullyoperational in calendar Q2. "This important initiative reinforces our commitment to our clients in theMENASA region who will continue to benefit from the strengths of our globalplatform with the added benefit of local expertise, said Paul Reynolds,President and CEO of Canaccord Genuity Group Inc. "Additionally, the moveenhances our global distribution capabilities to a concentration of investorswith increasing demand for exposure to global midmarket investmentopportunities." Sachin Mahajan has more than a decade of experience advising leading companieson numerous cross border M&A and restructuring transactions, includingrefinancings involving Essar Steel Algoma, Yellow Media recapitalization (C$2.7billion), OPTI sale to CNOOC (US$2.1 billion), recapitalization ofAbitibi-Bowater (US$4 billion), recapitalization of Tembec (US$1.2 billion) andthe sale of Kraft Canada Assets to Sun Capital. Since joining the firm in 2005,Sachin has been actively involved with the firm's cross border M&A activitybetween Canada and the Indian subcontinent and Middle East. Mr. Mahajan received a Masters of Business Administration from Richard IveySchool of Business, University of Western Ontario and obtained his CharteredAccountant designation from the Institute of Chartered Accountants of India. Hereceived his Bachelor of Commerce (Honours) from Delhi University and attendedlaw school at the same university. ABOUT CANACCORD GENUITY GROUP INC.: Through its principal subsidiaries, Canaccord Genuity Group Inc. (the"Company") is a leading independent, full-service financial services firm, withoperations in two principal segments of the securities industry: wealthmanagement and capital markets. Since its establishment in 1950, the Companyhas been driven by an unwavering commitment to building lasting clientrelationships. We achieve this by generating value for our individual,institutional and corporate clients through comprehensive investment solutions,brokerage services and investment banking services. The Company has offices in10 countries worldwide, including Wealth Management offices located in Canada,Australia, the UK and Europe. Canaccord Genuity, the international capitalmarkets division, operates in Canada, the US, the UK, France, Germany, Ireland,Hong Kong, China, Singapore, Australia and Barbados. To us there are no foreignmarkets.TM Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSXand the symbol CF. on the London Stock Exchange. Contact: North America media: Scott Davidson, Executive Vice President, GlobalHead of Corporate Development and Strategy, Phone: 416-869-3875, email:[email protected]; For investor relations inquiries contact:Christina Marinoff, Vice President, Investor Relations & Communications, Phone:416-687-5507, email: [email protected]; London media: RobertMorgan or Nicola Ratchford, Stockwell, Phone: +44 (0) 20 7240 2486, email:[email protected]; [email protected]; Broker:Oliver Hearsey, RBC Europe Limited, Phone: +44 (0) 20 7653 4000, email:[email protected]
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