Fiscal 2017 was a year during which activity levels improved across all of our businesses and geographies. Our global wealth management operations delivered record revenues and all of our capital markets businesses achieved profitability. Our results also reflect the improved earnings power of our global platform, in connection with our efforts to improve alignment across our operations and reduce our fixed costs. We also made meaningful progress in advancing our strategy of growing our global wealth management operations as we continued to adjust our business mix to deliver greater consistency of earnings.
- Canaccord Genuity(1) 68%
- Canaccord Genuity Wealth Management 30%
- Corporate and Other 2%
(Percent of total fiscal year revenue)
- UK, Europe & Dubai
- Other Foreign Locations
(C$ millions, fiscal years)
(C$ millions, excluding significant items, fiscal years)
(C$, excluding significant items, fiscal years)
$879.5 million in annual revenue
65.6% of fiscal 2017 revenue generated outside of Canada
Global platform provides opportunities to benefit from activity in all our geographies
39% of fiscal 2017 net income(3) generated by wealth management operations
Important contributor of stable, recurring revenue growth
$489 million in working capital
$11.6 million of annual savings in G&A, communications and technology expenses
Sustainably driving down expenses while activity levels improve
(1) Includes Australia Wealth Management.
(2) Commencing in Q3/17, the operating results of our Australian operations are disclosed separately as Canaccord Genuity – Australia, and the operating results of Canaccord Genuity (Dubai) are included as Canaccord Genuity UK, Europe & Dubai. In previous quarters, the operating results have been reported as Other Foreign Locations. Comparatives for all prior periods have been reclassified.
(3) After taxes and excluding significant items and corporate overhead charges.