Mr. Paul Reynolds reports

CANACCORD GENUITY EXPANDS GLOBAL FOOTPRINT WITH PRESENCE IN DUBAI

Canaccord Genuity Group Inc. plans to build an investment banking and advisory practice with senior managing director presence in Dubai, to service its existing relationships in the Middle East, North Africa and South Africa (MENASA) region. Sachin Mahajan, managing director, mergers and acquisitions, will be transitioning over the coming weeks, with the expectations of being fully operational in calendar second quarter.

"This important initiative reinforces our commitment to our clients in the MENASA region, who will continue to benefit from the strengths of our global platform with the added benefit of local expertise," said Paul Reynolds, president and chief executive officer of Canaccord Genuity Group. "Additionally, the move enhances our global distribution capabilities to a concentration of investors with increasing demand for exposure to global mid-market investment opportunities."

Mr. Mahajan has more than a decade of experience advising leading companies on numerous cross-border M&A and restructuring transactions, including refinancings involving Essar Steel Algoma, Yellow Media recapitalization ($2.7-billion), Opti Canada sale to CNOOC Ltd. ($2.1-billion (U.S.)), recapitalization of Abitibi-Bowater ($4-billion (U.S.)), recapitalization of Tembec ($1.2-billion (U.S.)) and the sale of Kraft Canada assets to Sun Capital. Since joining the firm in 2005, Mr. Mahajan has been actively involved with the firm's cross-border M&A activity between Canada, and the Indian subcontinent and Middle East.

Mr. Mahajan received a master of business administration from Richard Ivey School of Business, University of Western Ontario, and obtained his chartered accountant designation from the Institute of Chartered Accountants of India. He received his bachelor of commerce (honours) from Delhi University and attended law school at the same university.