Toronto-based Canaccord Genuity Group Inc. has announced changes to its management ranks on Thursday as Dan Daviau has officially taken over as the firm’s president and CEO.
The executives will join the global operating committee and report to Daviau, who succeeds David Kassie. Kassie had assumed the role of chairman and CEO in April following the death of Paul Reynolds.
“Today’s appointments reflect our commitment to improving the global alignment and operating efficiency of our business,” says Daviau in a statement. “I am confident this will enable us to better serve our clients and our shareholders.”
Among the notable changes, Pat Burke joins the Canaccord Genuity as president of its Canadian capital-markets division. Burke, who has more than 25 years of experience, most recently served as global head of equity and co-head of global investment banking for Bank of Nova Scotia.
Burke was responsible for oversight of equity sales, trading, research, prime brokerage, equity capital markets, equity derivatives and investment banking with Scotiabank. Prior to that, he was managing director and head of Canadian equities for Merrill Lynch, having held various roles of increasing responsibility since 2000. From 1990 to 2000, Burke worked in institutional equities and fixed-income for Bank of Montreal.
“[Burke] brings significant global capital markets expertise to his role, along with a proven track record of building strong teams,” Daviau adds.
Stuart Raftus, who has served as president of Canaccord Genuity Wealth Management in Canada since 2014, has been appointed Cannacord Genuity’s chief administrative officer. In that role, Raftus will oversee the firm’s global operations, information technology, human resources and marketing.
Raftus, who has more than three decades of experience in the Canadian and U.S. securities sector, will remain in his role with Canaccord Genuity Wealth Management.
Canaccord Genuity also announced on Thursday that Brad Kotush, who has been with the firm since 1998, will continue as the firm’s executive vice president and chief financial officer as well as take on the additional role of chief risk officer.
In addition, Jeff Barlow, who joined Canaccord Genuity in 2007 and became head of U.S. investment banking in June 2011, has been promoted to president of Canaccord Genuity Inc. (U.S.) while
Mark Whaling has been appointed global head of sales and trading
Whaling, who has served as head of global equity sales and trading since 2012, will continue to manage Canaccord Genuity’s global institutional sales and trading operations with additional oversight of fixed-income and all other non-equities sales and trading operations.