Canaccord Genuity Group (TSX:CF, Stock Forum), a Toronto-based independent, full-service investment dealer operating in the UK and Europe, the US, Australia, China, Singapore and Barbados, announced today that Peter Brown had resigned as director and officer of the company and will not be seeking re-election to the board of directors at the upcoming 2014 annual general meeting of shareholders.
According to the news release, “Mr. Brown played a key role in the development of the company and its predecessors, from its 1968 beginnings as a venture capital firm to its initial public offering and growth to becoming Canada's largest independent global investment dealer.”
Company president and CEO, Paul Reynolds, commented, “On behalf of the board of directors, management and all employees, I would like to thank Peter for his many contributions to the success of Canaccord Genuity in nearly five decades of service. We wish him continued success in his ongoing endeavours within the Canadian capital markets and BC business community.”
Peter Brown, added, “I am proud of the progress made by current senior management. Building on a solid base, they have embarked on a very dynamic global expansion that has never before been envisioned by a Canadian independent investment dealer. As the Founder, I am fortunate to have had a great corporate experience for 46 years and feel now is a good time for me to transition out of active service. I look forward to the firm's continued exciting growth and development.”
Then he concluded, “I would like to thank the many people I have worked alongside as well as the companies, investors and fellow advisors that have placed their trust in me over the years.”