Canaccord Financial Acquires The Balloch Group and Launches Canaccord Genuity Asia
|Areas||Asia Practice, Corporate and Commercial, Corporate Finance and Securities, Private Equity, Tax|
Goodmans represented Canaccord Financial Inc. in connection with its acquisition of The Balloch Group and certain of its affiliates, a leading boutique investment bank in China on January 17, 2011. The business will operate as Canaccord Genuity Asia. Howard Balloch, a distinguished industry executive who has built respected relationships with many key stakeholders in China, is the Chairman of Canaccord Genuity Asia and was also appointed to Canaccord’s board of directors. Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Canaccord Genuity, the international capital markets division, operates in Canada, the U.S., the U.K., China and Barbados.