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Canaccord Financial Inc. announces new CEO of UK and European operations

04 September 2012

TORONTO, 4 September 2012 – Canaccord Financial Inc. (TSX: CF, LSE:CF., ‘the Company’, ‘Canaccord’) is pleased to announce that Alexis de Rosnay will be joining the Company as Chief Executive Officer of Canaccord Genuity Limited, Canaccord’s UK and European operations, effective 5 September.  Mr. de Rosnay’s appointment follows Mark Brown’s departure. Mr. Brown will continue working with Canaccord Genuity Limited, as a consultant, until March 2013.

Commenting on Mr. de Rosnay’s appointment, Paul Reynolds, President and CEO of Canaccord Financial Inc. said: “Alexis’ extensive, international investment banking experience and strong leadership capabilities are extremely well suited for this strategically important role.  By combining Alexis' proven relationship-based business approach with our established capital markets platform, we expect Canaccord Genuity will remain firmly cemented as a market leader in the UK and the investment bank of choice for our growing corporate and institutional client base.”

Mr. Reynolds continued, “Our acquisition of Collins Stewart Hawkpoint has positioned Canaccord Genuity as a leading investment bank in the UK, and Mark Brown’s dedication to the business combination was a key driver of its success. I want to thank Mark for his tremendous contribution to our business and his important partnership as we merged our operations.”

Mr. de Rosnay has significant experience in running international investment banking operations, most recently as Co-Head of UK Investment Banking at Lazard and Vice Chairman of Lazard International.  Prior to this, he was Co-Head of Global Healthcare Investment Banking and Co-Head of Investment Banking in Europe and the Middle East at Lehman Brothers. Earlier in his career, he was Head of European Healthcare Investment Banking at JPMorgan, and spent four years at Rothschild Group in London and Paris. 

Related to this appointment, Canaccord is pleased to announce that Alexis de Rosnay will also be appointed as a director on the Board of Canaccord Genuity Limited, replacing Mark Brown.

Commenting on his appointment, Alexis de Rosnay adds:  “Canaccord Genuity has established itself as a compelling value proposition.  As a top-two investment bank in the UK, with a highly-regarded advisory practice and a strong wealth management division, the business has established a unique market position, which is complemented by Canaccord’s comprehensive global platform.  I look forward to working with the high-calibre team at Canaccord Genuity in driving further market share gains and continued growth.”

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