Canaccord recruits Azure partner

Canaccord Genuity has boosted its corporate advisory credentials in Perth, confirming today it has recruited John Toll from Azure Capital.

As a managing director, Mr Toll will lead Canaccord’s advisory presence in Western Australia, addressing what has been a weak spot for the firm.

While Canaccord is a major player in the corporate finance market in WA, its ‘dealmakers’ are mostly based in Sydney and Melbourne.

Mr Toll is expected to take a lead role on WA-related M&A deals, drawing on his 15 years’ experience at Azure, where he jointly led its ‘industry’ group with a focus on mining and resources.

He finished at Azure in December.

Canaccord’s ranking in the WA market was highlighted in Business News’ 2023 corporate finance survey, released last month.

It ranked #9 on M&A after advising on six deals worth $2.4 billion.

Other firms ranking higher included Barrenjoey Capital Partners, UBS, Macquarie Capital and Azure Capital.

Local firms Sternship Advisers and Argonaut worked on more deals but with a smaller value.

Canaccord’s strength is in equity capital markets, or capital raisings.

It ranked #1 in BN’s 2023 survey, after advising on 76 deals worth $2.8 billion.

That puts it ahead of Bell Potter Securities and Euroz Hartleys.