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Canaccord Financial Inc. (CF.)

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Friday 08 June, 2012

Canaccord Financial Inc.

Canaccord Financial Inc. New President of US Op...


Canaccord Financial Inc. Announces New President of US Operations

TORONTO, June 7, 2012 /CNW/ - Canaccord Financial Inc. ("Canaccord", "the
Company") is pleased to announce the appointment of Dan Daviau as President of
Canaccord Genuity Inc. and Canaccord Genuity Securities LLC, which combined
form Canaccord Genuity's US operations.  Mr. Daviau's appointment is subject to
any approvals required by the Financial Industry Regulatory Authority (FINRA).

Effective immediately, Mr. Daviau will oversee all aspects of Canaccord's
capital markets businesses in the US.  Based in New York, his initial tasks
will be focused on maximizing Canaccord's position in this important market
through highly targeted growth initiatives and broad-based expense management
programs.  Mr. Daviau will work closely with Mark Whaling, Head of US
Securities, who will continue overseeing Canaccord's US equities sales, trading
and research, as well as the International Equities Group and fixed income
operations.  Mr. Whaling will report directly to Mr. Daviau.

Mr. Daviau comes from Canaccord Genuity's Canadian operations, where he was
most recently Co-Head of Investment Banking, based in Toronto.  Mr. Daviau
joined Canaccord in 2010 through the Company's acquisition of Genuity Capital
Markets, which he co-founded in 2005.  Prior to this, he was Co-Head of
Investment Banking and Head of Technology, Media and Telecom at CIBC.  Mr.
Daviau has 24 years of investment banking experience and holds an MBA from York
University, an LL.B from Osgoode Hall/York University and a B.A. (Math and
Statistics) from the University of Western Ontario.

"I'm very pleased that Dan has accepted this important role," said Paul
Reynolds, President and CEO of Canaccord Financial Inc.  "His deep industry
knowledge and experience in successfully developing trusted technology sector
relationships provide him with a strong background to lead and grow our US
operations."

"I look forward to working with our established US team to lead the business
into the next stage of its evolution," stated Mr. Daviau.  "We see enormous
opportunity for the business in the years ahead by further leveraging
Canaccord's global platform and investing in specific sector teams to cement
Canaccord Genuity as a market leader in our focus areas."

Related to this appointment, Jamie Brown, former President of Canaccord Genuity
Inc. will be transitioning to a new role based in New York, as Vice Chair of
Canaccord Genuity Inc., where he will focus his efforts on investment banking
activities in the US resource and sustainability sectors.

"I am pleased Jamie will continue contributing to our operations in the US,"
continued Mr. Reynolds.  "The relationships he has built in that market over
the last six years will play an important part in building out our US
investment banking coverage of the resource and sustainability sectors."

ABOUT CANACCORD FINANCIAL INC.:

Through its principal subsidiaries, Canaccord Financial Inc. is a leading
independent, full-service financial services firm, with operations in two
principal segments of the securities industry: wealth management and global
capital markets.  Since its establishment in 1950, Canaccord has been driven by
an unwavering commitment to building lasting client relationships. We achieve
this by generating value for our individual, institutional and corporate
clients through comprehensive investment solutions, brokerage services and
investment banking services.  Canaccord has over 60 offices worldwide,
including over 40 Wealth Management offices located across Canada, the UK and
Europe.  Canaccord Genuity, the Company's international capital markets
division, has operations in Canada, the US, the UK, France, Germany, Ireland,
Italy, China, Hong Kong, Singapore, Australia and Barbados.


For further information:

North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com

For investor relations inquiries contact:
Jamie Kokoska 
Vice President, Investor Relations & Communications
Phone: 416-869-3891, email: jamie.kokoska@canaccord.com

London media:
Bobby Morse or Ben Romney
Buchanan Communications (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com

Nominated Adviser and Joint Broker:
Oliver Hearsey or Martin Eales
RBC Europe Limited
Phone: +44 020 7653 4000, email: oliver.hearsey@rbccm.com

Joint Broker:
Erick Diaz
Keefe, Bruyette & Woods Limited
Phone: +44 (0) 20 7663 3162, email: ediaz@kbw.com

(CF. CF)