Canada-based Canaccord Genuity Wealth Management has appointed Stuart Raftus as its new president, effective immediately.

With over 28 years of experience in the securities industry, most recently Raftus has served as president and chief operating officer at Beacon Securities Limited.

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Raftus has also served as president and CEO at Seamark Asset Management, president and chief operating officer at Blackmont Capital and, managing director, head of Wealth Management for CIBC Oppenheimer’s US distribution business.

Paul Reynolds, president and CEO of Canaccord Genuity Group, said: "Raftus’ significant track record of execution, strong industry background and deep understanding of our business make him very well suited to lead this division.

"Under his leadership, we will maintain our focus on enhancing the operational efficiency of the business, reinvigorate our recruitment efforts and continue to provide our clients with exceptional service levels."

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