Canaccord Genuity in Talks to Sell UK Wealth Unit to Mubadala-Led Group

Key Facts

1Canaccord Genuity Group Inc. is in discussions to sell its UK wealth management division.

2The potential buyer consortium includes Centerbridge Partners and Mubadala Investment Co.

Canaccord Genuity Group Inc. is in discussions to sell its UK wealth management division. Benzinga reported that the potential buyer consortium includes Mubadala Investment Co. and Centerbridge Partners, marking a strategic exploration of a sale for the firm's British operations.

The discussions emerge as UK economic data showed the annual inflation rate rising to 3.5% on October 21, 2026, slightly above the 3.4% forecast. Additionally, the 3-month average GDP growth was recorded at 0.7% as of October 15, 2026, providing context to the macroeconomic environment surrounding the UK-based unit.