Canaccord Genuity

Canaccord Genuity Revenue
(C$ millions, fiscal years)
C$34.5 billion raised for global growth companies during fiscal 2018
Agility allows us to lead the market in fast growing sectors

Our global capital markets operations provide investment banking, advisory, sales and trading, equity research and fixed income services to corporate and institutional clients around the world. Independent advice and our globally integrated service model are the hallmarks of our ability to lead the market in key growth sectors of the global economy.

With a supportive backdrop for growth stocks, Canaccord Genuity has reinforced its market position as a leading independent investment bank and advisory firm for mid-market growth companies during fiscal 2018. Revenues earned by our global capital markets businesses for the 12-month period improved by 6.9% to $637.5 million – a record for this segment.

The performance that we delivered this year highlights the commitment and dedication of the many talented professionals who worked hard to generate ideas and solutions when markets were difficult, and seized every opportunity to deliver for their clients as soon as markets were receptive.

Fiscal 2018 Revenue by Activity
Investment Banking 37% Commissions and Fees 24% Advisory 19% Trading 18% Interest and Other 2%
Total Capital Markets Revenue by Region
Fiscal 2018 Revenue by Activity circle graph
United States 37% Canada 34% UK, Europe & Dubai 20% Australia 9%

It’s also important to consider our performance in the context of the strategic advancements that have taken place across our operations in recent years. Our alignment efforts have helped us to strengthen collaboration across regions, drive incremental revenue growth, and harness opportunities to lead the market in emerging high growth sectors such as cannabis and blockchain. Because of these efforts, revenue per employee in our global capital markets business has improved by 38.4% since we began our realignment initiatives in fiscal 2016.

We ended the fiscal year as the dominant independent investment bank in Canada for both number of transactions and total amount raised. Total revenue in this business increased by 39.1% year over year to $216.1 million. We also maintained our lead as the top independent trader in the country. With our recent acquisition of Jitneytrade, we expect that our margin of leadership will increase as we expand our client offering to include futures, options and low latency trading capabilities.

$637.5 million in global revenue
We leverage our competitive strengths across businesses and geographies to drive stronger outcomes for our clients and our business
Each of our capital markets businesses in Canada, the US, Australia, and the UK, Europe & Dubai has its own distinct regional advantages, but our global capabilities are an extraordinary differentiator and an important competitive advantage for Canaccord Genuity.

In the US, our capital markets business earned revenue of $235.9 million for the fiscal year. Early in the year, we took steps to realign and strengthen our core capabilities in this region, which led to a significant improvement in profitability for this business. By leveraging our proven strengths in the healthcare and technology sectors, our Advisory professionals delivered a 47.9% year-over-year increase in revenues for this segment. We also experienced strong flows during the year, as our institutional equities business continued to grow its market share in an otherwise difficult market backdrop.

Revenue earned by our UK, Europe & Dubai operation amounted to $128.5 million for the fiscal year. Our teams in this business have leveraged our cross-border capabilities to help UK-based companies attract partnerships and investment from across Europe, and our Paris operation has been an important contributor to the positive momentum in this business.

A return to robust activity levels for small-cap equities in our core focus sectors led our Australian business to deliver a record revenue result for the second half of the fiscal year. This business has delivered very promising growth in recent years, and with our increased investment, we look forward to continuing to support its development initiatives in the region.

Across the organization, we are guided by one fundamental truth: that our own success depends on our ability to continuously support our clients’ success. We compete strongly on our ability to offer our clients highly relevant services and access to deep global expertise, which gives us a tremendous opportunity to lead the market in each of our businesses and geographies.

Canaccord Genuity participated in 455 transactions(1) across the globe

(1) Transactions valued above C$1.5 million.