Canaccord Genuity Wealth Management (CGWM) has appointed Richard Champion and Thomas Becket as co-CIOs after combining the chief investment offices of CGWM and Punter Southall Wealth.
The Canadian wealth manager said the restructuring was part of a push towards bolstering its outsourced investment management capabilities for intermediaries and discretionary services for private clients.
Since 2015, Champion has served as CGWM UK's deputy CIO, while Becket joined following the firm's acquisition of Punter Southall Wealth, where he was CIO.
Odey AM's Geoffrey Marson and Odey Opportunity fund move to Canaccord Genuity
David Esfandi, CEO of CGWM UK, said: "I am delighted that we have been able to combine the best of both CIO worlds to create a compelling breadth and depth of expertise for the benefit of our discretionary portfolios and model services.
"We now have the deepest sector coverage we have ever had - Richard is a highly experienced specialist in direct equities and is complimented by Thomas's strengths in fixed income and alternatives. Both have enormous experience in asset allocation and portfolio construction."
Canaccord Genuity management looks to take company private
In June 2022, Canaccord Genuity wrapped up its acquisition of Punter Southall Wealth and its intermediary-facing brand, Psigma, in a £164m deal.
At the start of this year, it was revealed that the senior management of Canaccord Genuity had launched a C$1.1bn (£660m) bid to take the business private, as they believed the public markets placed a low value on the business.
