The Financial Post reports in its Saturday, Nov. 1, edition that Canaccord Genuity Group ($9.54), Canada's largest nonbank brokerage, replaced its head of United States fixed income amid a larger restructuring of the unit that included five job cuts. A Bloomberg dispatch to the Post reports that Steve Lobb, formerly head of U.S. fixed-income sales, is now head of the division, replacing Bradford Bodine, who is no longer with the firm, according to an internal company memo. Mr. Lobb also becomes head of leveraged finance and origination. Bloomberg says Mr. Bodine did not return calls seeking comment. Mark Whaling, head of U.S. securities, said in a memo to staff Friday: "As part of our ongoing effort to build a meaningful and profitable U.S. fixed-income business we have restructured the group today. ... Fixed income remains a key focus area for future growth. We remain committed to the effort, which is a strategic one both in the U.S. and globally." Radin Capital Partners chief executive officer Brad Radin recommended buying Canaccord Genuity in the Post's Buy & Sell column on June 4. The Post noted that Canaccord was a top holding for Mr. Radin. Canaccord shares were then worth $11.08.