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Canaccord Financial Inc: Statement re Director Appointment

Canaccord Financial Inc. Appoints New Director 
Dipesh Shah joins Board of Canaccord Financial Inc. 
TORONTO, Nov. 7, 2012 /CNW/ - Canaccord Financial Inc. (the "Company", TSX: CF,
LSE: CF.) is pleased to announce that the Directors of the Company have
appointed Dipesh Shah, OBE, FRSA, as an additional independent Director,
effective today.  Applicable corporate law allows the Board to appoint up to
two additional directors.  The board of Canaccord Financial Inc. is now
comprised of nine Directors, including six independent Directors. 
Mr. Shah is a non-executive director on the Boards of Thames Water and the
Kemble Water Group of companies, JKX Oil & Gas Plc (where he is Senior
Independent Director and Chairman of the Remuneration Committee), The Crown
Estate and the EU Marguerite Fund (where he is Chairman of the Investment
Committee). He is also a Trustee of the British Youth Opera and a Governor of
Merchant Taylors' School. 
Mr. Shah was formerly the Chief Executive of the UK Atomic Energy Authority and
of various large businesses in the BP Group, where he was a member of the Group
Leadership for more than a decade. Mr. Shah was Chairman, inter alia, of
Viridian Group plc, HgCapital Renewable Power Partners LLP and the European
Photovoltaic Industry Association. In addition, he has been a Director of
several major organizations, including Babcock International Group Plc and
Lloyd's of London. He was also a member of the UK Government's Renewable Energy
Advisory Committee from 1994 to 2002. Earlier, Mr. Shah was the Chief Economist
for BP Oil UK. 
Born in India, and brought up in Uganda, Mr. Shah is a graduate of the
University of London, the University of Warwick, and the Harvard Business
School management program.  He was appointed an Officer of the Order of the
British Empire (OBE) in the 2007 New Year Honours List, and is a Life Fellow of
the Royal Society of Arts. 
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 12 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, 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. 
SOURCE: Canaccord Financial Inc. 
For further information: 
North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com  
For investor relations inquiries contact:
Jamie Kokoska 
Vice President, Investor Relations & Communications 
Phone: 416-869-3891, email: jamie.kokoska@canaccord.com  
London media:
Bobby Morse or Ben Romney
Buchanan (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.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) 20 7663 3162, email: ediaz@kbw.com 

END 
-0- Nov/08/2012 07:00 GMT