Canadian financial company Canaccord Genuity has named David Kassie as its new chief executive with immediate effect, following the death of its president and chief executive Paul Reynolds.

In the new role, Kassie will actively engage with the corporate governance committee of the board in the succession planning process.

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Reynolds, who led Canaccord since 2007, died during a triathlon competition in Hawaii.

Kassei became chairman of Canaccord Genuity in 2010 and since then has been actively engaged in the development and implementation of the current corporate strategy.

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