new ceo for re branded collins stewart

Canaccord Financial has appointed Lazard Internationals former vice chairman, Alexis de Rosnay, CEO of its renamed Collins Stewart business – Canaccord Genuity.

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De Rosnay’s hire as CEO of UK and European operations follows the departure of Mark Brown who will continue to help Canaccord Genuity as a consultant until March 2013.

Collins Stewart Hawkpoint was rebranded Canaccord Genuity following its acquisition by Canadian firm Canaccord Financial in March.

Last year Canaccord Financial also acquired The Balloch Group in China and a 50% share in BGF Capital Group, which gave them a presence in Australia and Hong Kong.

Paul Reynolds, president and CEO of Canaccord Financial, said: “Alexis’ extensive, international investment banking experience and strong leadership capabilities are extremely well suited for this strategically important role.

“By combining his proven relationship-based business approach with our established capital markets platform, we expect Canaccord Genuity to remain firmly cemented as a market leader in the UK and the investment bank of choice for our growing corporate and institutional client base.”

At the end of June Canaccord Financial recorded a net loss in its first quarter since the acquisition of Collins Stewart, with revenue dropping 9% during the period.