Canaccord Genuity names new Canadian CEO as part of senior executive changes

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Canaccord Genuity names new Canadian CEO as part of senior executive changes
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Stuart Raftus, who is well-known on Bay Street for running CG Wealth Management, is now CEO of Canaccord Genuity Corp., while Pat Burke, head of Canadian capital markets, steps down

is shuffling its senior executives, changes that include naming Stuart Raftus as the chief executive of its Canadian division and appointing a new Canadian capital markets head because the current president is stepping down.

Pat Burke, meanwhile, is stepping down from his role as president of Canadian capital markets. Mr. Burke joined Canaccord Genuity in 2015, when he wasBefore joining, Mr. Burke had been global head of equity and co-head of global investment banking at Bank of Nova Scotia, but left the dealer in 2014 in a move that surprised Bay Street. He will now be a special adviser to Canaccord Genuity.

In his place, Canaccord has promoted Jason Melbourne to head of Canadian capital markets. Mr. Melbourne has been global head of distribution since October, 2020.management buyout for the company

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