TORONTO, Jan. 29, 2015 /PRNewswire/ - Canaccord Genuity Group Inc. (the "Company") announces plans to build an investment banking and advisory practice with senior managing director presence in Dubai, to service our existing relationships in the Middle East, North Africa and South Asia (MENASA) region. Sachin Mahajan, Managing Director, Mergers and Acquisitions will be transitioning over the coming weeks with the expectations of being fully operational in calendar Q2.
"This important initiative reinforces our commitment to our clients in the MENASA region who will continue to benefit from the strengths of our global platform with the added benefit of local expertise, said Paul Reynolds, President and CEO of Canaccord Genuity Group Inc. "Additionally, the move enhances our global distribution capabilities to a concentration of investors with increasing demand for exposure to global midmarket investment opportunities."
Sachin Mahajan has more than a decade of experience advising leading companies on numerous cross border M&A and restructuring transactions, including refinancings involving Essar Steel Algoma, Yellow Media recapitalization (C$2.7 billion), OPTI sale to CNOOC (US$2.1 billion), recapitalization of Abitibi-Bowater (US$4 billion), recapitalization of Tembec (US$1.2 billion) and the sale of Kraft Canada Assets to Sun Capital. Since joining the firm in 2005, Sachin has been actively involved with the firm's cross border M&A activity between Canada and the Indian subcontinent and Middle East.
Mr. Mahajan received a Masters of Business Administration from Richard Ivey School of Business, University of Western Ontario and obtained his Chartered Accountant designation from the Institute of Chartered Accountants of India. He received his Bachelor of Commerce (Honours) from Delhi University and attended law school at the same university.
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.TM
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.