Vancouver-based Canaccord Genuity Group Inc. has made changes to its executive suite following the departure of Brad Kotush, its chief financial officer (CFO) and chief risk officer.
Kotush’s resignation, which was announced in November, came into effect on Thursday, according to an announcement released on the same day.
As a result, Canaccord Genuity has named Don MacFayden as executive vice president and CFO of the overall firm after serving as CFO of the company’s U.S. operations, a position he took on in 2016.
MacFayden is credited with being a “significant contributor” to the firm’s corporate development, beginning with its initial public offering and subsequent acquisitions, according to the announcement.
In addition, Adrian Pelosi has been named executive vice president, chief risk officer and treasurer. Pelosi has served in various roles within the firm’s risk-management operations and was most recently senior vice president and head of internal audit and group treasurer.
In addition, Nick Russell, CFO of Canaccord Genuity’s U.K. and European capital markets subsidiary, will assume the additional role of senior vice president of finance for the firm.
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