Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Canaccord Financial Inc. Reports Third Quarter Fiscal 2013 Results



      Canaccord Financial Inc. Reports Third Quarter Fiscal 2013 Results

  PR Newswire

  TORONTO, February 6, 2013

TORONTO, February 6, 2013 /PRNewswire/ --

Earned net income of $20.5 million during the quarter, excluding significant
items ^(1)

(All dollar amounts are stated in Canadian dollars unless otherwise indicated)

In the third quarter of fiscal 2013, the quarter ended December 31, 2012,
Canaccord Financial Inc. (Canaccord, the Company, TSX: CF, LSE: CF.) generated
$230.0 million in revenue. Excluding significant items ^(1) (a non-IFRS
measure), the Company recorded net income of $20.5 million, or $0.17 per
diluted common share. Including all expense items, on an IFRS basis, the
Company recorded net income of $10.3 million, or $0.08 per diluted common
share.

"The results of our fiscal third quarter clearly illustrate the benefits of
the acquisitions we've made over the last several years. With record advisory
revenue, continued growth of our UK wealth management business, and strong
performance in the UK and US, we're pleased with the results we generated this
quarter," stated Paul Reynolds, President and CEO of Canaccord Financial Inc.

Mr. Reynolds continued, "Over half of Canaccord's revenue is now earned in
markets outside of Canada - underscoring the importance and strength of our
global platform, and the value our clients receive from our comprehensive
service offering."

Third quarter of fiscal 2013 vs. second quarter of fiscal 2013

  * Revenue of $230.0 million, up 23% or $43.4 million from $186.6 million
  * Excluding significant items, expenses of $205.0 million, up 14% or $25.3
    million from $179.7 million ^(1)
  * Expenses of $216.9 million, up 6% or $12.0 million from $204.9 million
  * Excluding significant items, net income of $20.5 million compared to net
    income of $5.9 million ^(1)
  * Net income of $10.3 million compared to a net loss of $14.8 million
  * Excluding significant items, diluted earnings per common share (EPS) of
    $0.17 compared to diluted EPS of $0.03 in the second quarter of fiscal
    2013 ^(1)
  * Diluted EPS of $0.08 compared to a loss per common share of $0.19 in the
    second quarter of fiscal 2013

Third quarter of fiscal 2013 vs. third quarter of fiscal 2012

  * Revenue of $230.0 million, up 56% or $82.1 million from $147.9 million
  * Excluding significant items, expenses of $205.0 million, up 55% or $72.9
    million from $132.1 million ^(1)
  * Expenses of $216.9 million, up 52% or $74.1 million from $142.8 million
  * Excluding significant items, net income of $20.5 million compared to net
    income of $10.6 million ^(1)
  * Net income of $10.3 million compared to net income of $2.5 million
  * Excluding significant items, diluted EPS of $0.17 compared to diluted EPS
    of $0.11 ^(1)
  * Diluted EPS of $0.08 compared to diluted EPS of $0.01

Year-to-date fiscal 2013 vs. year-to-date fiscal 2012 (Nine months ended
December 31, 2012 vs. nine months ended December 31, 2011)

  * Revenue of $579.2 million, up 36% or $152.0 million from $427.2 million
  * Excluding significant items, expenses of $566.4 million, up 42% or $168.7
    million from $397.7 million ^(1)
  * Expenses of $608.8 million, up 47% or $195.5 million from $413.3 million
  * Excluding significant items, net income of $10.1 million compared to net
    income of $23.1 million ^(1)
  * Net loss of $25.2 million compared to net income of $10.4 million
  * Excluding significant items, diluted EPS of $0.02 compared to diluted EPS
    of $0.23 ^(1)
  * Loss per common share of $0.35 compared to diluted EPS of $0.09

Financial condition at end of third quarter fiscal 2013 vs. third quarter
fiscal 2012

  * Cash and cash equivalents balance of $556.0 million, down $144.9 million
    from $700.9 million
  * Working capital of $397.2 million, down $74.7 million from $471.9 million
  * Total shareholders' equity of $1.1 billion, up $198.9 million from $852.3
    million
  * Book value per diluted common share for the period end was $7.62, down 11%
    or $0.92 from $8.54 ^(1)
  * On February 6, 2013, the Board of Directors approved a quarterly dividend
    of $0.05 per common share payable on March 15, 2013 with a record date of
    March 1, 2013
  * On February 6, 2013, the Board of Directors also approved a cash dividend
    of $0.34375 per Series A Preferred Share payable on April 1, 2013 with a
    record date of March 15, 2013, and a cash dividend of $0.359375 per Series
    C Preferred Share payable on April 1, 2013 to Series C Preferred
    shareholders of record as at March 15, 2013

SUMMARY OF OPERATIONS

Corporate

  * On October 1, 2012, Canaccord's acquisition of Eden Financial Ltd.'s
    wealth management business closed
  * On October 1, 2012, Canaccord appointed Philip Evershed Global Head of
    Investment Banking
  * On November 6, 2012 Canaccord appointed Steve Buell Global Head of
    Research
  * On November 7, 2012, Canaccord Financial Inc. welcomed Dipesh Shah as an
    additional independent director on its Board

Capital Markets

  * Canaccord Genuity led or co-led 33 transactions globally, raising total
    proceeds of C$888 million ^(2) during fiscal Q3/13
  * Canaccord Genuity participated in 123 transactions globally, raising total
    proceeds of C$9.8 billion ^(2) during fiscal Q3/13
  * During fiscal Q3/13, Canaccord Genuity led or co-led the following
    transactions:

       * Two transactions totalling £105.3 million for HICL Infrastructure
         Company Limited on the LSE
       * £100.0 million for Monitise plc on AIM
       * £100.0 million for Newlon Housing Trust (Private Placement)
       * SGD$94.0 million for Geo Energy Resources Ltd. on the SGX
       * C$89.1 million for Trez Capital Senior Mortgage Investment
         Corporation (non-exchange listed)
       * £80 million for Intermediate Capital Group Plc through a retail bond
         issue
       * C$54.6 million for Pure Industrial Real Estate Trust on the TSX
       * £48.5 million for Alpha Plus Holdings Plc through a retail bond issue
       * US$41.4 million for AceIRX Pharmaceuticals Inc. on the NASDAQ
       * C$34.5 million for SilverCrest Mines Inc. on the TSX-Venture
       * AUD$36.0 million for Lifestyle Communities Limited on the ASX
       * AUD$30.0 million for Neon Energy Limited on the ASX
       * C$30.0 million for Labrador Iron Mines Holdings Limited on the TSX
       * C$28.8 million for TriOil Resources Ltd. on the TSX
       * AUD$21.0 million for Orocobre Limited on the ASX
       * £20.0 million for Secure Trust Bank Plc on AIM

  * In Canada, Canaccord Genuity raised $238.1 million for government bond
    issuances and $25.0 million for corporate bond issuances during fiscal
    Q3/13
  * Canaccord Genuity generated record advisory revenues of $69.3 million
    during fiscal Q3/13, an increase of 80% compared to the previous record of
    $38.5 million generated in the same quarter last year
  * During fiscal Q3/13, Canaccord advised on the following M&A and advisory
    transactions:

       * Viterra Inc. on its acquisition by Glencore International plc
       * Yellow Media Ltd. on its C$2.8 billion recapitalization
       * Research In Motion on the sale of NewBay Software to Synchronoss
         Technologies, Inc.
       * Mateco Group (Odewald & Compagnie) on its acquisition by TVH Group
       * Sprott Power Corp. on its acquisition of Shear Wind Inc.
       * Automotive Technologies Inc. (Wireless Zone) on its acquisition of
         Glentel Inc.
       * Eco-Products on its acquisition by WNA, Inc.
       * GT Advanced Technologies on its acquisition of Twin Creek
         Technologies
       * Mears Group on its acquisition of Morrison Facilities Services
         Limited
       * Wildroots and TrueBliss on their acquisition by Continental Mills,
         Inc.
       * Psion on its acquisition by Motorola Solutions, Inc.
       * Buy As You View Holdings Limited on its acquisition by Rutland
         Partners
       * DHX Media Ltd. on its acquisition of Cookie Jar Entertainment
       * Score Media Inc. on its acquisition by Rogers Communications Corp.
       * Zetar on its acquisition by Zertus UK Holding Limited
       * Unifeeder on its acquisition of Feederlink from Irish Continental
         Group

Canaccord Wealth Management (Global)

  * Globally, Canaccord Wealth Management generated $60.0 million in revenue
  * Assets under administration in Canada, and assets under management in the
    UK and Europe, and Australia, were $27.0 billion at the end of Q3/13 ^(1)

Canaccord Wealth Management (North America and Australia)

  * Canaccord Wealth Management generated $35.2 million in revenue and, after
    intersegment allocations, recorded a net loss of $5.6 million before taxes
    in Q3/13
  * Assets under administration in Canada were $11.4 billion as at December
    31, 2012, down 14% from $13.3 billion at the end of the previous quarter
    and down 21% from $14.4 billion at the end of fiscal Q3/12 ^(1)

       * This decrease is due largely to the reduction of branches operating
         in Canada, as was announced on September 24, 2012.

  * Assets under management in Australia were $408 million at the end of
    fiscal Q3/13, up 15% from $354 million at the end of the previous quarter
    ^(1)
  * Assets under management in Canada (discretionary) were $791 million as at
    December 31, 2012, up 1% from $784 million at the end of the previous
    quarter and up 30% from $607 million at the end of fiscal Q3/12 ^(1)
  * As at December 31, 2012, Canaccord Wealth Management had 184 Advisory
    Teams ^(3) , a decrease of 94 Advisory Teams from December 31, 2011 and a
    decrease of 47 from September 30, 2012

Canaccord Wealth Management (UK and Europe)

  * Collins Stewart Wealth Management generated $24.8 million in revenue and,
    excluding significant items, recorded net income of $2.4 million before
    taxes in Q3/13
  * This division recognized $1.5 million of restructuring and
    acquisition-related costs related to the purchase of Eden Financial Ltd.'s
    wealth management business and $1.6 million of amortization of intangible
    assets acquired in connection with the acquisition of CSHP. Including
    these significant items, Collins Stewart Wealth Management recorded a net
    loss after intersegment allocations and before income taxes of $0.7
    million during the quarter ended December 31, 2012
  * Assets under management (discretionary and non-discretionary) were $15.2
    billion (£9.5 billion)

Non-IFRS Measures The non-International Financial Reporting Standards (IFRS)
measures presented include assets under administration, assets under
management, book value per diluted common share and figures that exclude
significant items. Significant items include restructuring costs, amortization
of intangible assets, and acquisition-related expense items, which include
costs recognized in relation to both prospective and completed acquisitions.
Management believes that these non-IFRS measures will allow for a better
evaluation of the operating performance of Canaccord's business and facilitate
meaningful comparison of results in the current period to those in prior
periods and future periods. Figures that exclude significant items provide
useful information by excluding certain items that may not be indicative of
Canaccord's core operating results. A limitation of utilizing these figures
that exclude significant items is that the IFRS accounting effects of these
items do in fact reflect the underlying financial results of Canaccord's
business; thus, these effects should not be ignored in evaluating and
analyzing Canaccord's financial results. Therefore, management believes that
Canaccord's IFRS measures of financial performance and the respective non-IFRS
measures should be considered together.

Selected financial information excluding significant items


                                                        Quarter-                       YTD-
                                     Three months ended    over-  Nine months ended   over-
                                          December 31    quarter     December 31        YTD
    (C$ thousands, except per share      2012      2011   change     2012     2011   change
    and % amounts)                      
    Total revenue per IFRS           $230,003  $147,889    55.5% $579,151 $427,172    35.6%
    Total expenses per IFRS           216,882  $142,822    51.9%  608,840 $413,252    47.3%
    Significant items recorded in
    Canaccord Genuity
      Restructuring costs               5,276     1,292     n.m.    9,671    1,292     n.m.
      Acquisition-related costs             -     2,700 (100.0)%      388    4,143  (90.6)%
      Amortization of intangible
      assets                            3,473     1,767    96.5%   11,282    3,627   211.1%
    Significant items recorded in
    Canaccord Wealth Management
      Restructuring costs               1,034         -     n.m.   14,601        -     n.m.
      Acquisition-related costs           431         -     n.m.    1,331        -     n.m.
      Amortization of intangibl
      assets                            1,643         -     n.m.    4,255        -     n.m.
    Significant items recorded in
    Corporate and Other
      Restructuring costs                   -     5,000 (100.0)%      900    5,000  (82.0)%
      Acquisition-related costs             -         -     n.m.        -    1,513 (100.0)%
    Total significant items            11,857    10,759    10.2%   42,428   15,575   172.4%
    Total expenses excluding
    significant items                 205,025   132,063    55.2%  566,412  397,677    42.4%
    Net income before taxes
    - adjusted                        $24,978   $15,826    57.8%  $12,739  $29,495  (56.8)%
    Income taxes - adjusted             4,525     5,182  (12.7)%    2,674    6,391  (58.2)%
    Net income - adjusted             $20,453   $10,644    92.2%  $10,065  $23,104  (56.4)%
    Earnings per common share
    - basic, adjusted                   $0.19     $0.12    58.3%    $0.02    $0.26  (92.3)%
    Earnings per common share
    - diluted, adjusted                 $0.17     $0.11    54.5%    $0.02    $0.23  (91.3)%

n.m.: not meaningful

Fellow shareholders:

The results of our fiscal third quarter demonstrate the value of our larger,
global platform and the importance of the investments we've made over the last
several years.  Most notably, the successful integration of our acquisition of
Collins Stewart Hawkpoint is evident across our business. Our UK and US
operations are now operating profitably ^i . We're benefiting from a strong UK
and European wealth management platform, in markets that should provide even
more opportunities to grow client assets. And we've established Canaccord
Genuity as a leading investment bank in the UK. In fact, Canaccord Genuity was
the second most active investment bank in the UK for the number of
transactions led or co-led during calendar 2012, and ninth overall for total
proceeds raised for clients, in this highly competitive market ^ii .

Our strategy of geographic diversification appears to be well timed.  By
expanding our operations in the UK, US and overseas markets, we are much
better positioned to leverage international market opportunities and withstand
regional fluctuations of capital markets activity. The results of which are
apparent in our performance. Half of Canaccord's revenue is now generated in
markets outside of Canada - underscoring the importance of the expansion
activities we successfully executed over the last several years.

Quarterly performance

Record advisory fees drove significant revenue gains during our fiscal third
quarter. In the three months ended December 31, 2012, Canaccord Financial Inc.
generated revenue of $230.0 million and adjusted net income ^i of $20.5
million, or $0.17 per diluted common share. During the quarter we implemented
a number of strategies aimed at enhancing the performance of some of our
businesses. These initiatives resulted in $11.9 million of restructuring costs
and other significant items not related to continuing operating activities.
Including significant items, on an IFRS basis, the Company generated net
income of $10.3 million, or $0.08 per diluted share.

Annualized return on common shareholders' equity, excluding significant items,
increased to 7.8% during the quarter. We're pleased with the progress we're
making to enhance ROE. Just as important, the increased diversification of our
business should allow us to achieve more consistent returns going forward.

We remain committed to a conservative capital strategy. Our business continues
to be well capitalized to serve our clients, both in the current market
environment and during periods with much more robust market activity. At the
end of the fiscal third quarter, Canaccord had $556.0 million in cash and cash
equivalents, $397.2 million in net working capital and $1.1 billion in
shareholders' equity. I'm also pleased to confirm that our Board of Directors
approved a dividend of $0.05 this quarter.

Canaccord Genuity

Our strategy to further integrate our global capital markets platform,
particularly within our investment banking practice, is progressing very
well.  We believe these efforts will further enhance the value of the services
we offer and increase our relevance to clients. We also expect additional
synergies will be achieved through further cross-border collaboration -
benefiting both our business and our clients.

Canaccord Genuity generated $165.4 million of revenue globally, an increase of
39% from last quarter and 77% from the same period last year. While revenue
grew substantially, operating expenses only increased 16% from the previous
quarter, which lowered expense ratios in this division meaningfully. Canaccord
Genuity contributed $29.3 million of adjusted net income before tax ^i to the
Company during the fiscal quarter, an increase of 116% compared to the same
period last year.

This quarter set a new company record for M&A and advisory revenue. At $69.3
million, more revenue was generated through our global advisory practice than
in the past two quarters combined. In addition, in the first nine months of
fiscal 2013 we have generated 15% more advisory revenue than all of last
year. This performance was helped by two substantial and high-profile advisory
mandates completed in Canada, as well as increased advisory activity in the UK
and Europe. It is a strong representation of the value being generated from
our acquisitions of Genuity Capital Markets in 2010 and Collins Stewart
Hawkpoint last year. We are particularly pleased with the performance of our
advisory practice, and continue to have a very healthy pipeline of advisory
mandates.

In the last several months we have taken steps to better integrate the
advisory business of Canaccord Genuity Hawkpoint into our broader global
investment banking group. We expect our UK and European clients will benefit
greatly from this integrated approach, through our ability to meet multiple
corporate needs with one dedicated team. When this initiative completes on
March 1, this business will operate under the Canaccord Genuity brand.

Capital raising activity also benefited from the expanded reach of our
operations this quarter, with contributions from all the markets we
service. On a global basis, Canaccord Genuity led or co-led 33 transactions
over $1.5 million during the quarter, raising over C$887 million for clients.
Investment banking activities generated $34.2 million of revenue for the
division, a 10% increase from last quarter, and a 45% increase from the same
period last year.

Wealth Management

Much of our focus this quarter was dedicated to enhancing our global wealth
management platform. In the UK, we were very pleased to welcome our new
colleagues from Eden Financial on October 1. Approximately 35 wealth
management professionals joined our firm, as did 2,500 client accounts and
£835 million of new client assets. This team is now working side-by-side with
colleagues from Collins Stewart Wealth Management and will ultimately work
from the same support platform.

In Canada, we continued with our strategy of strengthening our platform by
focusing our operations in core Canadian centres. Canaccord Wealth Management
now has 16 branches across the country. At the end of the quarter, our
Canadian wealth management division had 184 Investment Advisory teams and
$11.4 billion of assets under administration.

Combined, Canaccord's wealth management operations generated $60.0 million of
revenue, an increase of 4% compared to last quarter and 35% compared to the
same period last year.

Today, our global wealth management platform operates in Canada, the UK,
Switzerland, the Channel Islands, the Isle of Man and Australia. We oversee
$27.0 billion of client assets ^iii .  And we offer clients tailored services
through our team of over 800 wealth management employees.

To better reflect the scope of this division, I'm pleased to announce that our
global wealth management operations will soon be unified under one universal
brand: Canaccord Genuity Wealth Management. We believe this change will more
accurately communicate the span of our wealth management businesses to our
clients and stakeholders, and will allow us to more easily share resources
amongst the markets we operate in. We expect this branding change will be
implemented during the second calendar quarter.

Looking forward

While the market environment has been less than optimal for several quarters,
we are beginning to see promising signs of capital markets activity.  We're
optimistic that equity markets and financing transactions will rebound in the
coming months, as we are already seeing positive inflows to equities from
fixed income products. As appetite for risk returns, particularly in the US
and the UK, we expect our well-established transactional capabilities will
benefit alongside our already robust M&A pipeline.

Our focus continues to be on further integrating our business within our
investment banking practice and across our wealth management platform, in
order to capture the full value of our operating scale. We also remain
committed to evaluating ways to enhance the earnings capabilities of our firm,
whether they involve activities aimed at lowering our expense ratios or
growing our relevance to clients. All of our efforts have been, and will
continue to be, aimed at expanding our client relationships and increasing the
value of our business for our shareholders.

Kind regards,

Paul Reynolds President & CEO Canaccord Financial Inc.

_________________________________

^i     Excluding restructuring and acquisition-related items referred to as
"significant items" elsewhere in this report. Adjusted net income before tax
is net income before tax excluding significant items.

^ii    Thomson Reuters information

^iii   As at December 31, 2012

ACCESS TO QUARTERLY RESULTS INFORMATION Interested investors, the media and
others may review this quarterly earnings release and supplementary financial
information at http://www.canaccordfinancial.com/EN/IR/Pages/default.aspx .

CONFERENCE CALL AND WEBCAST PRESENTATION Interested parties are invited to
listen to Canaccord's third quarter fiscal 2013 results conference call with
analysts and institutional investors, via a live webcast or a toll free
number. The conference call is scheduled for Wednesday, February 6, 2013 at
2:00 p.m. (Pacific Time), 5:00 p.m. (Eastern Time), 10:00 p.m. (UK Time), and
at 6:00 a.m. (China Standard Time), and 9:00 a.m. (Australia EDT Time) on
Thursday, February 7, 2013. At that time, senior executives will comment on
the results for the third quarter of the fiscal 2013 year and respond to
questions from analysts and institutional investors.

The conference call may be accessed live and archived on a listen-only basis
via the Internet at:
http://www.canaccordfinancial.com/EN/NewsEvents/Pages/Events.aspx

Analysts and institutional investors can call in via telephone at:

  * 647-427-7450 (within Toronto)
  * 1-888-231-8191 (toll free North America)
  * 0-800-051-7107 (toll free from the UK)
  * 1-800-760-620 (toll free from Ireland)
  * 0-800-917-449 (toll free from France)
  * 0-800-183-0171 (toll free from Germany)
  * 10-800-714-1191 (toll free from Northern China)
  * 10-800-140-1195 (toll free from Southern China)
  * 1-800-287-011 (toll free from Australia)

Please request to participate in Canaccord Financial's Q3/13 earnings call.

A replay of the conference call can be accessed after 5:00 p.m. (Pacific
Time), 8:00 p.m. (Eastern Time) Wednesday, February 6, 2013, and after 1:00
a.m. (UK Time), 9:00 a.m. (China Standard Time) and 12:00 p.m. (Australia EDT
Time) on Thursday, February 7, 2013 until March 23, 2013 at 416-849-0833 or
1-855-859-2056 by entering passcode 87744173 followed by the pound (#) sign.

ABOUT CANACCORD FINANCIAL INC.:

Through its principal subsidiaries, Canaccord Financial Inc. is a leading
independent, full-service financial services firm, with operations in two
principal segments of the securities industry: wealth management and global
capital markets. Since its establishment in 1950, Canaccord has been driven by
an unwavering commitment to building lasting client relationships. We achieve
this by generating value for our individual, institutional and corporate
clients through comprehensive investment solutions, brokerage services and
investment banking services.  Canaccord has offices in 13 countries worldwide,
including wealth management offices located in Canada, Australia, the UK and
Europe. Canaccord Genuity, the international capital markets division,
operates in Canada, the US, the UK, France, Germany, Ireland, Italy, Hong
Kong, mainland China, Singapore, Myanmar, Australia and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and
the symbol CF. on the London Stock Exchange. Canaccord Series A Preferred
Shares are listed on the TSX under the symbol CF.PR.A. Canaccord Series C
Preferred Shares are listed on the TSX under the symbol CF.PR.C.

              None of the information on Canaccord's websites at
  http://www.canaccordfinancial.com , http://www.canaccordgenuity.com , and
     http://www.canaccord.com should be considered incorporated herein by
                                  reference.

__________________________________

^1   See Non-IFRS measures.

^2   Source: Transactions over $1.5 million. Internally sourced information.

^3   Advisory Teams are normally comprised of one or more Investment Advisors
(IAs) and their assistants and associates, who together manage a shared set of
client accounts. Advisory Teams that are led by, or only include, an IA who
has been licensed for less than three years are not included in our Advisory
Team count, as it typically takes a new IA approximately three years to build
an average-sized book of business.

For further information:

North American media: Scott Davidson Executive Vice President, Global Head of
Corporate Development & Strategy Phone: +1-416-869-3875 Email: 
scott.davidson@canaccord.com

London   media: Bobby Morse or Ben Romney Buchanan Communications (London)
Phone: +44(0)207-466-5000 Email:  bobbym@buchanan.uk.com

Investor relations inquiries: Jamie Kokoska Vice President, Investor Relations
& Communications Phone: +1-416-869-3891 Email:  jamie.kokoska@canaccord.com

Joint Broker: Oliver Hearsey or James Kelly RBC Europe Limited Phone:
+44(0)20-7653-4000 Email:  oliver.hearsey@rbccm.com

Joint Broker: Erick Diaz Keefe, Bruyette & Woods Limited Phone:
+44(0)207-663-3162 Email:  ediaz@kbw.com

                                    (CF.)
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement