Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Workforce reduction in global capital markets business

2nd Feb 2015 07:00

Canaccord Genuity Group Inc - Workforce reduction in global capital markets business

Canaccord Genuity Group Inc - Workforce reduction in global capital markets business

PR Newswire

London, February 2

Canaccord Genuity announces workforce reduction in its global capital marketsbusiness TORONTO, Feb. 1, 2015 /CNW/ - Canaccord Genuity Group Inc. (the "Company")announces that it is implementing a plan to reduce the size of its workforcewithin its global capital markets business to rationalize operations in lightof current market conditions. The plan will primarily affect UK & Europe and US operations and will result ina 4 percent reduction in the size of the Company's workforce at an approximatetotal pre-tax cost of $22 million. 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.™ Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSXand the symbol CF. on the London Stock Exchange. SOURCE: Canaccord Genuity Group Inc. For further information: North America media:Scott DavidsonExecutive Vice President, Global Head of Corporate Development and StrategyPhone: 416-869-3875, email: [email protected] For investor relations inquiries contact:Christina MarinoffVice President, Investor Relations & CommunicationsPhone: 416-687-5507, email: [email protected] London media:Robert Morgan or Nicola RatchfordStockwellPhone: +44 (0) 20 7240 2486, email: [email protected];[email protected] Broker:Oliver HearseyRBC Europe LimitedPhone: +44 (0) 20 7653 4000, email: [email protected]

(CF.)


Related Shares:

CF..L
FTSE 100 Latest
Value8,992.12
Change19.48