Activist Investor Rosenfeld Seeks Seat on Canaccord Board

Crescendo Partners CEO one of two new proposed directors
Ex-CIBC executive Gillian Denham also nominated for seat

A "Bay Street" sign is displayed in the financial district of Toronto, Ontario, Canada, on Friday, Feb. 21, 2020. Canadian stocks declined with global markets, as authorities struggled to keep the coronavirus from spreading more widely outside China. However, investors flocking to safe havens such as gold offset the sell-off in Canada's stock market.Photographer: Stephanie Foden/Bloomberg

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By Doug Alexander and Paula Sambo

July 20, 2020 at 1:47 PM UTC

This article is for subscribers only.

Canaccord Genuity Group Inc., Canada’s largest non-bank brokerage, is expected to add activist investor Eric Rosenfeld to its board next month.

Rosenfeld, chief executive officer of New York-based investment firm Crescendo Partners LP, is one of two new independent directors nominated for election to Canaccord Genuity’s board at the firm’s annual investor meeting on Aug. 6. He holds 1.36 million shares of Canaccord Genuity, about 1.3% of the firm, according to regulatory filings.