27th May 2014 10:55
LONDON (Alliance News) - Canaccord Genuity Group Inc Tuesday said Peter Brown has resigned as director and honorary chairman.
In a statement, the financial services firm, which operates in wealth management and the capital markets, said Brown has played a part in the company's transition from its 1968 beginnings as a venture capital firm to its initial public offering and growth to becoming a global investment dealer.
"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," Paul Reynolds, president and chief executive of Canaccord Genuity Group Inc, said in a statement.
Brown said he is proud of the progress made by Canaccord Genuity's 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," Brown said in a statement.
David Kassie remains as chairman of the firm.
Canaccord Genuity shares were Tuesday quoted at 507.20 pence, down 2.9%.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
CF..L