Canaccord Genuity Group completed the acquisition of the wealth management unit of Punter Southall Group for £164m.

Canaccord Genuity Group, a global, full-service investment banking and financial services company, completed the acquisition of the wealth management unit of Punter Southall Group, a chartered financial planning and wealth management firm, for £164m ($205m). "On behalf of the Punter Southall Wealth team, we are very pleased to be joining our new colleagues at Canaccord Genuity Wealth Management. We look forward to working closely together to grow our integrated wealth management business and advance our product and service offering for our valued clients," John Howard-Smith, Punter Southall Wealth CEO.