TORONTO, Feb. 1, 2015 /CNW/ - Canaccord Genuity Group Inc. (the
"Company") announces that it is implementing a plan to reduce the size
of its workforce within its global capital markets business to
rationalize operations in light of current market conditions.
The plan will primarily affect UK & Europe and US operations and will
result in a 4 percent reduction in the size of the Company's workforce
at an approximate total 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, with operations in two principal segments of the securities
industry: wealth management and capital markets. Since its
establishment in 1950, the Company has been driven by an unwavering
commitment to building lasting client relationships. 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 in 10
countries worldwide, including Wealth Management offices located in
Canada, Australia, the UK and Europe. Canaccord Genuity, the
international capital markets division, operates in Canada, the US, the
UK, France, Germany, Ireland, Hong Kong, China, Singapore, Australia
and Barbados. To us there are no foreign markets.™
Canaccord Genuity Group Inc. is publicly traded under the symbol CF on
the TSX and the symbol CF. on the London Stock Exchange.
SOURCE Canaccord Genuity Group Inc.
Image with caption: "Canaccord Genuity Group Inc. (CNW Group/Canaccord Genuity Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20150201_C9624_PHOTO_EN_43363.jpg
<p> </p> <p> <b>North America media:</b><br/> Scott Davidson<br/> Executive Vice President, Global Head of Corporate Development and Strategy<br/> Phone: 416-869-3875, email: <a href="mailto:scott.davidson@canaccord.com">scott.davidson@canaccord.com</a> </p> <p> <b>For investor relations inquiries contact:</b><br/> Christina Marinoff<br/> Vice President, Investor Relations & Communications<br/> Phone: 416-687-5507, email: <a href="mailto:christina.marinoff@canaccord.com">christina.marinoff@canaccord.com</a> </p> <p> <b>London media:</b><br/> Robert Morgan or Nicola Ratchford<br/> Stockwell<br/> Phone: +44 (0) 20 7240 2486, email: <a href="mailto:robert.morgan@stockwellgroup.com">robert.morgan@stockwellgroup.com</a>;<br/> <a href="mailto:nicola.ratchford@stockwellgroup.com">nicola.ratchford@stockwellgroup.com</a> </p> <p> <b>Broker:</b><br/> Oliver Hearsey<br/> RBC Europe Limited<br/> Phone: +44 (0) 20 7653 4000, email: <a href="mailto:oliver.hearsey@rbccm.com">oliver.hearsey@rbccm.com</a> </p>