Canaccord to cut London jobs because of Brexit

Canaccord Genuity is spending $12m cutting jobs in London and reorganizing its UK, blaming the move on the political and market uncertainty created by Brexit. Canada's largest non-bank brokerage said in a statement that its wealth management arm will be unaffected, which means it is the brokers and traders at the capital markets arm who are in the firing line.   Canaccord said it was downsizing in response to a "prolonged period of political and market uncertainty in the UK", which has hit capital markets activity. The company, which had 192 employees in UK capital markets as of Dec. ...