CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES COMPLETION OF ITS ACQUISITION OF CANTAB ASSET MANAGEMENT LTD.

TORONTO, Oct 1, 2024 /PRNewswire/ - Canaccord Genuity Group Inc. (TSX: CF) (the "Company") is pleased to announce that through its wealth management business in the UK and Crown Dependencies ("CGWM UK"), it has completed its purchase of Cantab Asset Management Ltd. ("Cantab"), a chartered, independent financial planning business headquartered in Cambridge, UK.

The transaction further consolidates CGWM UK's position as a top 10 wealth manager in the UK by assets under management & advice and strengthens its financial planning capacity and reach.

As previously disclosed, the investment professionals and support staff of Cantab will continue in their existing roles and will be fully supported in directly managing their client relationships. The professionals and clients of Cantab will also benefit from access to the extensive range of additional resources and thought leadership provided by CGWM UK and the Company's broader global platform.

David Esfandi, CEO, Canaccord Genuity Wealth Management said: "The Cantab integration extends our reach into the east of England and further strengthens our financial planning capability. Adding talented financial planning professionals who share our philosophy is central to our ambitious growth strategy and we are excited to welcome our new colleagues to Canaccord. Their dedication and expertise will be instrumental in our journey to become the best integrated wealth manager by performance and service."

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 wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, UK & Europe, Asia, and Australia.

Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.

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SOURCE Canaccord Genuity Group Inc.