EFG Sells UK Unit Harris Allday to Canaccord
EFG International is selling its British wealth management unit Harris Allday to Canaccord Wealth. The deal aims to boost profits and capital ratios by late 2026.
Xurve View
Insights:
Xurve View
EFG International AG will sell its British wealth management service Harris Allday to rival Canaccord Genuity Group Inc in a deal targeting affluent clients. The transaction shifts £3.1 billion ($4.2 billion) in assets under management to the buyer during the afternoon. The divestment allows the Switzerland-based group to concentrate on high net worth and ultra-high net worth portfolios in the United Kingdom.
