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Canaccord cuts 60 jobs, books lossDEBORAH BAIC/The Globe and Mail

Canaccord Financial Inc. has added another name to its roster of bankers with the addition of the former head of UBS AG's midmarket group in London.

Canaccord's investment banking unit, Canaccord Genuity, is bringing on Adrian Haxby as the head of European investment banking. He will report to another recent hire, Alexis de Rosnay, who runs Canaccord Genuity in Europe.

Mr. Haxby and Mr. de Rosnay are charged with bringing together Canaccord's existing European business with the newly acquired businesses of Collins Stewart Hawkpoint, the European firm that Canaccord bought in its biggest acquisition ever.

Collins Stewart operated on a model of having its business lines quite separate, keeping its brokerage business distinct from its advisory business. Canaccord's senior management wants to bring it all together to increase cross-selling opportunities.

Mr. Haxby's prior roles at UBS include head of European equity capital markets and running the industrials banking team in Europe. His 27 years in investment banking have been spent in London, Paris and Frankfurt.

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Canaccord Genuity Group Inc
+1.98%8.75

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