Canaccord Genuity Group, an investment banking and financial services company, completed the acquisition of Patersons Securities, a financial services firm, for $17m. "The completion of the Patersons transaction marks the beginning of a new chapter for our Australian business, as we systematically expand our presence with a leading wealth management business in Australia. Together we will be a stronger market participant with an expanded national presence in the Australian financial services industry, offering an expanded suite of resources, products and services for our combined clients in wealth management and capital markets," Marcus Freeman, Canaccord Genuity Australia CEO.