The Financial Post reports in its Saturday, April 4, edition that Canaccord Genuity Group chief executive officer Paul Reynolds passed away in Kona, Hawaii, last week following complications related to a health incident while competing in a triathlon. The Post's Barry Critchley writes that Mr. Reynolds, who was made CEO in August, 2007, developed a problem in the swimming leg of the triathlon. By the time he was pulled from the water, a colleague says, "It was too late." Gene McBurney, one of the founders of another independent firm, GMP Capital, says he did "a lot of deals" with Mr. Reynolds. Mr. McBurney says: "He was a formidable competitor and we collaborated on many, many mandates. He was always a good partner. With Paul it was never about brinksmanship. It was always getting the deal done and putting the interests of the clients first. I am so sad." Mr. McBurney, who also lost Brad Griffiths, one of the original partners at GMP in a drowning incident, notes that Mr. Reynolds's greatest legacy was "elevating Canaccord's status in Toronto. Before Paul, the firm could not get much traction." Mr. Reynolds was 52 years old.