Toronto-based Canaccord Genuity Group Inc. (TSX:CF) announced on Friday the appointment of Dan Daviau as the firm’s president and CEO, effective Oct. 1. He will also join the firm’s board of directors.

Daviau succeeds David Kassie, who assumed the role of chairman and CEO in April following the death of Paul Reynolds.

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Kassie will continue to serve as executive chairman, with a particular focus on client facing activities and strategic initiatives for the firm.

“Dan Daviau has a proven track record as a highly successful investment banker, but more importantly, as a capable and strategic business leader,” said Kassie in a statement. “He has a deep understanding of Canaccord Genuity Group Inc.’s strategy and culture and I am confident he possesses the vision and expertise to expand our global market share and deliver increasing value for our employees, clients and shareholders.”

In addition to Daviau’s appointment, the firm announced that Alexis de Rosnay has accepted the additional roles of senior executive vice president and global head of investment banking, where he will become increasingly involved in North American and global investment banking activities.

de Rosnay will remain in London, U.K., and will continue to serve as CEO of Canaccord Genuity Limited (UK & Europe), which includes overall responsibility for wealth management operations in the region.

Daviau has served as CEO of Canaccord Genuity’s North American capital markets business since February 2015. From 2012 to 2015, he was president of the firm’s U.S. Capital Markets business, where he helped to structure the firm’s investment banking, research, sales and trading operations in the region and improve cross-border capabilities. From 2010 to 2012, Daviau was head of investment banking for Canaccord Genuity.

Prior to the Canaccord/Genuity merger that was announced in 2010, Daviau was a principal and founder of Genuity Capital Markets, where he held a variety of senior roles since 2005. Prior to 2005, he was co-head of investment banking at CIBC World Markets, a firm he joined in 1991.

Daviau started is career as a securities lawyer with Goodman & Co. He holds an MBA from York University, an LL.B. from Osgoode Hall/York University and a B.A. (Math and Statistics) from the University of Western Ontario.