Canaccord names Molloy to boost IoM presence

Canaccord Genuity Wealth Management, the Europe-focused wealth manager that is a part of Toronto’s TSX- and LSE-listed Canaccord Genuity Group, said it has named Arthur Molloy an investment director, as it looks to boost the “investment management potential” of its Isle of Man operations.

Molloy, pictured, comes to Canaccord Genuity WM from Isle of Man-based Creechurch Capital,  where he was head of private wealth and served as chairman of the firm’s investment strategy and security selection committee, and where he was responsible for management of the operations and trading activities of Creechurch’s portfolio management team, Canaccord said in a statement.

Prior to Creechurch, Molloy had worked for Thomas Miller Investment, another Isle of Man company, and before that, for such banks as RBS and Ulster Bank (IoM), Cannacord said.

Molloy’s position is a new one at Canaccord.

Canaccord Genuity Wealth Management chief executive David Esfandi said Molloy brought a range of portfolio and asset management skills to his new role at the company, and that his hiring would help enable Canaccord to “fulfill [the] growing demand for world class investment ideas and wealth management services in the region”.

The Canaccord Genuity Wealth Management operation was created in the wake of the acquisition, first announced in late 2011, of London-based Collins Stewart Wealth Management by Canada’s Canaccord Financial. Based in London, it operates in the Isle of Man as Canaccord Genuity Wealth (International) Ltd.

Today, CGWM, as it is also known, has advisers and other client-facing and investment professionals  in Canada, Australia, the UK, Jersey and Guernsey as well as in the Isle of Man, the company said.

The parent company has offices in 10 countries worldwide.

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