2nd Apr 2015 10:45
LONDON (Alliance News) - Canaccord Genuity Group Inc Thursday said that Chief Executive Paul Reynolds has passed away in the US state of Hawaii after taking part in a triathlon.
Chairman David Kassie has taken on the position of chief executive in addition to his current role, the financial services group said, replacing Reynolds, who was 52 years old. Canaccord Genuity said it is confident that Kassie has the experience needed to lead the group. It said that Kassie will be "actively engaged" in succession planning.
"This is a difficult day for everyone at Canaccord Genuity. As the architect of our firm's global transformation, Paul's distinct style of partnership, friendship and respect over three decades of commitment is just part of the legacy he leaves us all," Kassie said in a statement.
"On behalf of all employees and the board of directors, I extend our deepest condolences and support to Paul's family and to the many people who came to know him as a colleague, mentor and friend," Kassie added.
The company had said on Monday that Reynolds had been hospitalized following an "unexpected medical emergency" during a family vacation, and while his condition remained serious, he was improving.
By Samuel Agini; [email protected]; @samuelagini
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