The job cuts are expected to be split roughly equally between Canaccord’s 150 London employees, and about 200 people in Collins Stewart’s securities division.
Canaccord agreed to buy Collins Stewart Hawkpoint for GBP253.3 million in its largest takeover in December last.
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The merged securities business will take the name of Canaccord Genuity.
Canaccord has been looking to buy firms in the UK to expand in brokerage and wealth management and considered a bid this year for Evolution Group Plc, which was snapped up by Investec in September last year.
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