Proven industry veteran brings over 25 years
of experience in financial leadership, transformation, and
strategic development
Ahn positioned to succeed current CFO,
Don MacFayden, following planned
transition in 2025
TORONTO, Oct. 9, 2024
/CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the "Company")
is pleased to announce the appointment of Nadine Ahn as Deputy Chief Financial Officer,
Canaccord Genuity Group Inc.
With over 25 years of banking experience and deep expertise in
treasury, capital markets, corporate development, and strategy, Ms.
Ahn will play a key leadership role at the Company.
Following more than three decades of exemplary service, the
company's current Chief Financial Officer ("CFO"), Don MacFayden has informed the Company of his
desire to transition from his role as the Company's CFO in the
coming year. This appointment anticipates Ms. Ahn transitioning to
the CFO role in calendar 2025 as part of the Company's succession
plan.
"On behalf of the Board of Directors and our Global Operating
Committee, we are pleased to welcome Nadine to our leadership
team," said Dan Daviau, Chairman,
President & CEO of Canaccord Genuity Group Inc. "Nadine brings
a wealth of multijurisdictional financial leadership experience,
making her exceptionally well-suited to support our continued
long-term growth and delivery of significant shareholder
value."
Ms. Ahn has a proven track record of leading high-impact
financial initiatives with a focus on capital allocation and
balance sheet optimization. Most recently she served as Chief
Financial Officer of a major full-service Canadian bank from 2021
to 2024 and prior to that from 1999, Ms. Ahn held progressively
senior finance roles in various divisions of the bank, in addition
to serving on several boards of domestic and internationally
regulated subsidiaries. Ms. Ahn also had a pivotal role in
successfully executing a landmark domestic banking acquisition.
"I am excited to join Canaccord Genuity Group, and I look
forward to bringing my experience to an organization that
prioritizes innovation, entrepreneurial spirit and improving
shareholder returns," said Ms. Ahn. "I look forward to working
closely with the talented team to advance operational excellence
and financial performance."
Ms. Ahn will initially focus on optimizing global financial
operations, which will include overseeing strategic projects and
identifying opportunities to strengthen the Company's financial
position.
After Ms. Ahn assumes the CFO role Mr. MacFayden will continue
to be active within the Company's U.S. capital markets business,
Canaccord Genuity LLC, where he has been in a senior financial
leadership position for a number of years.
"Don is a valued partner and has made an incredible impact to
Canaccord Genuity Group and to our shareholders over the course of
his multi-decade tenure with CG. We are fortunate that Don will
continue to have ongoing involvement in our business, leading the
financial oversight of our U.S. capital markets operation, while
supporting a successful transition with Nadine," said Daviau.
The appointment follows a comprehensive due diligence process
with the support of Canaccord Genuity's Board of Directors and
independent advisors. To ensure operational continuity, Ms. Ahn
will partner with Mr. MacFayden to ensure a smooth transition to
the Group CFO role in 2025.
ABOUT CANACCORD GENUITY GROUP INC.
Through its principal subsidiaries, Canaccord Genuity Group Inc.
(the "Company") is a leading independent, full-service financial
services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since
its establishment in 1950, the Company 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. The Company has
wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of
Man and Australia. The Company's
international capital markets division operates in North America, UK & Europe, Asia,
and Australia.
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" as
defined under applicable securities laws ("forward-looking
statements"). These statements relate to future events or future
performance and reflect management's expectations, beliefs, plans,
estimates, intentions and similar statements concerning anticipated
future events, results, circumstances, performance or expectations
that are not historical facts, including business and economic
conditions and Canaccord Genuity Group's growth, results of
operations, performance and business prospects and opportunities.
Such forward- looking statements reflect management's current
beliefs and are based on information currently available to
management. In some cases, forward-looking statements can be
identified by terminology such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", "target", "intend", "could" or the
negative of these terms or other comparable terminology. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and a number of factors
could cause actual events or results to differ materially from the
results discussed in the forward-looking statements.
In evaluating these statements, readers should specifically
consider various factors that may cause actual results to differ
materially from any forward-looking statement. These factors
include, but are not limited to, market and general economic
conditions; the length of a regulatory review and approval of the
transaction; ability of the parties to meet closing conditions; the
dynamic nature of the financial services industry;; and the risks
and uncertainties discussed from time to time in the Company's
interim condensed and annual consolidated financial statements, its
annual report and its annual information form ("AIF") filed on
www.sedar.com as well as the factors discussed in the sections
entitled "Risk Management" and "Risk Factors" in the AIF, which
include market, liquidity, credit, operational, legal and
regulatory risks.
Although the forward-looking statements contained in this press
release are based upon assumptions that the Company believes are
reasonable, there can be no assurance that actual results will be
consistent with these forward-looking statements. The
forward-looking statements contained in this press release are made
as of the date of this press release and should not be relied upon
as representing the Company's views as of any date subsequent to
the date of this press release. Except as may be required by
applicable law, the Company does not undertake, and specifically
disclaims, any obligation to update or revise any forward-looking
statements, whether as a result of new information, further
developments or otherwise.
SOURCE Canaccord Genuity Group Inc.