The Evolution of our Business

In just six decades Canaccord has grown from a Canadian-based venture capital firm to a premier global financial services firm.  Our commitment to understanding and exceeding the needs of our clients is the cornerstone of our success.  The evolution of our firm continues to be based on putting the interests of our clients and shareholders first.

1950
Hemsworth, Turton & Co., a Western Canadian venture capital firm and the predecessor to Canaccord, opens its doors.

1968
The future partners of Canaccord acquire Hemsworth, Turton & Co. naming the new firm Canarim Investment Corporation. Canarim quickly becomes a principle financier of early stage ventures and the largest trader on the growing Vancouver Stock Exchange.

1992
In recognition of the firm’s growing partnership and integration of several small acquisitions, Canarim is incorporated as Canaccord Capital.

1993
Canaccord has 400 employees, including 290 Advisors in six branches across Canada.  The company begins an aggressive growth strategy to evolve from a transactional-based business to an integrated, full-service financial services firm.

2000
Canaccord has completed a series of significant mergers and acquisitions, including six independent brokerage firms in Canada, as well as one in London, UK and one in Paris, France.

2003
Canaccord has tripled in size since 1993, as measured by clients, employees, locations and business volumes.

2004
On June 30, Canaccord becomes a public company listed on the Toronto Stock Exchange.  The firm’s IPO raises C$70 million and trades under the ticker symbol CCI.

2005
One year after our listing on the TSX, Canaccord completes a listing on the Alternative Investment Market (AIM) of the London Stock Exchange.  The company is now dual-listed under the symbol CCI, and continues to broaden our shareholder base.

2006
On January 3, Canaccord completes the acquisition of Adams, Harkness & Hill Financial Group Inc., a Boston-based investment dealer with expertise in the technology, life sciences and consumer segments.  Our global capital markets division was rebranded Canaccord Adams to solidify this strategic growth.

2009
Canaccord Capital becomes Canaccord Financial Inc., with Canaccord Wealth Management operating as a leading, full-service investment dealer in Canada and Canaccord Adams as our international capital markets operations based in Canada, the US and the UK. To signal this important transition, the ticker symbol for Canaccord Financial is changed to CF on the Toronto Stock Exchange and CF. on the AIM.

2010
Canaccord Financial Inc. acquires Genuity Capital Markets – a leading independent advisory firm in Canada.  The acquisition adds significant strength to Canaccord’s capital markets division, particularly in the M&A, Advisory and Restructuring space.  As a result of the business integration, Canaccord’s capital markets division is rebranded Canaccord Genuity (from Canaccord Adams).

On November 22, 2010, Canaccord announced its expansion into Asia with the acquisition of The Balloch Group and a strategic agreement with the Export-Import Bank of China.

2011
Canaccord completes the acquisition of The Balloch Group and rebrands its capital markets operations in Asia Canaccord Genuity Asia.