Canaccord Genuity to acquire Brooks Macdonald Asset Management from Brooks Macdonald for £51m.

Canaccord Genuity, a financial services firm, agreed to acquire Brooks Macdonald Asset Management, an asset management firm, from Brooks Macdonald, a provider of investment management, financial planning and fund management services, for £51m. "We are pleased to announce the sale of BMI to Canaccord as their presence and understanding of the local markets will provide a strong foundation for the future growth and development of the business. I would like to thank all our BMI colleagues for their commitment to their clients and professionalism. We wish them all the best for the future," Andrea Montague, Brooks Macdonald CEO Designate & CFO.