Canaccord Genuity announces Chief Executive of wealth in UK

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Canaccord Genuity Group has announced that David Esfandi has joined the Company to become Chief Executive of Canaccord Genuity Wealth in the United Kingdom, subject to the required regulatory approvals.

Stephen Massey will also be assuming the role of Chairman of the Canaccord Genuity Wealth Board in the UK. In addition, the Company announces Neil Darke’s departure, effective immediately.

'We are pleased to welcome someone of David’s high caliber to lead our growth efforts. Under his leadership, we will continue our focus on enhancing our position to be a prominent wealth management firm in both the UK and the Channel Islands', commented Paul Reynolds, President and CEO of Canaccord Genuity Group Inc. 'We will continue to rely on Stephen’s wealth of experience in working with David to help propel this business in the coming years', he added.

Esfandi joins Canaccord Genuity Wealth most recently from Ashcourt Rowan, where he was a senior leader in the asset management business. Prior to that, he was with Deutsche Bank for 9 years in a variety of roles and began his career at Goldman Sachs on the equities side. Esfandi is a graduate of Oxford and Wharton School of Business and is currently an executive with Dwyer Asset Management, a well-known participant in the UK real estate market.

Massey, formerly Principal and Founder of Eden Financial, joined Canaccord Genuity following the acquisition of Eden Financial’s wealth management business in October 2012. He sits on the Boards of the UK Wealth entities.

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