Canaccord Financial Inc: Chairman of Canaccord Genuity Limited steps down
Canaccord Financial Inc. announces Tim Hoare to step down as Chairman of
Canaccord Genuity Limited; assumes role on Global Advisory Board
LONDON, July 9, 2013 /CNW/ - Canaccord Financial Inc. (the "Company", TSX: CF,
LSE: CF.) announces that Tim Hoare will be stepping down from his position as
Chairman of Canaccord Genuity Limited and assuming a role on Canaccord
Financial's Global Advisory Board.
"Tim's partnership was an important part of Canaccord Genuity's entry into the
UK, and his exceptional client relationships and entrepreneurial flair have
helped grow the business to become the market leader it is today," said Paul
Reynolds, President and CEO of Canaccord Financial Inc. "I am pleased that Tim
has agreed to have a continuing role with the firm and wish to thank him
personally for his service as outgoing Chair of the UK business."
Commenting on his transition, Tim Hoare said: "Having been with Canaccord since
the early 1990s, and having been Chief Executive of the European business for
many years, I have decided that the time has come to move on. Canaccord has
been a good home and I am extremely proud to have been able to have played a
role in the considerable success it has enjoyed in the resources sector over
I would like to thank the many people from around the world who have been so
supportive in my career to date, be they governments - whose mining industries
we have helped; companies that I have been privileged to advise; the many
investors that placed their trust in me; and fellow advisers whom I have worked
alongside, and indeed my colleagues."
The Company also announces that Paul Reynolds will assume the position of
Chairman of Canaccord Genuity Limited, the Company's operating division in the
UK and Europe, effective immediately.
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, Myanmar, 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.
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-0- Jul/09/2013 14:15 GMT
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