REG-Canaccord Gen Grp: Workforce reduction in global capital markets business <Origin Href="QuoteRef">CF.TO</Origin>

Canaccord GenuityAnnouncement

02/02/2015 07:01

Canaccord Genuity announces workforce reduction in its global capital markets
business

TORONTO, Feb. 1, 2015 /CNW/ - Canaccord Genuity Group Inc. (the "Company")
announces that it is implementing a plan to reduce the size of its workforce
within its global capital markets business to rationalize operations in light
of current market conditions.

The plan will primarily affect UK & Europe and US operations and will result in
a 4 percent reduction in the size of the Company's workforce at an approximate
total pre-tax cost of $22 million.

ABOUT CANACCORD GENUITY GROUP INC.:

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the
"Company") is a leading independent, full-service financial services firm, with
operations in two principal segments of the securities industry: wealth
management and capital markets. Since its establishment in 1950, the Company
has been driven by an unwavering commitment to building lasting client
relationships. We achieve this by generating value for our individual,
institutional and corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. The Company has offices in
10 countries worldwide, including Wealth Management offices located in Canada,
Australia, the UK and Europe. Canaccord Genuity, the international capital
markets division, operates in Canada, the US, the UK, France, Germany, Ireland,
Hong Kong, China, Singapore, Australia and Barbados. To us there are no foreign
markets.™

Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX
and the symbol CF. on the London Stock Exchange.

SOURCE: Canaccord Genuity Group Inc.

For further information:

North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com

For investor relations inquiries contact:
Christina Marinoff
Vice President, Investor Relations & Communications
Phone: 416-687-5507, email: christina.marinoff@canaccord.com

London media:
Robert Morgan or Nicola Ratchford
Stockwell
Phone: +44 (0) 20 7240 2486, email: robert.morgan@stockwellgroup.com;
nicola.ratchford@stockwellgroup.com

Broker:
Oliver Hearsey
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: oliver.hearsey@rbccm.com

(CF.)

 



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