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 this period.
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
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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