Mr. Scott Davidson reports

CANACCORD GENUITY GROUP INC. NAMES DAN DAVIAU PRESIDENT AND CHIEF EXECUTIVE OFFICER

The board of directors of Canaccord Genuity Group Inc. has elected Daniel (Dan) Daviau as the firm's president and chief executive officer, effective Oct. 1, 2015. The appointment follows a thorough process of succession planning and evaluation. Mr. Daviau succeeds David Kassie, who assumed the role of chairman and chief executive officer in April, 2015, following the death of past president and chief executive officer Paul Reynolds.

In conjunction with this appointment, Mr. Daviau will join Canaccord Genuity's board of directors, an appointment which expands the board to 10 directors, eight of whom are independent.

Mr. Kassie will continue to serve as executive chairman, with a particular focus on client-facing activities and strategic initiatives for the firm.

"Dan Daviau has a proven track record as a highly successful investment banker, but more importantly, as a capable and strategic business leader," said Mr. Kassie. "He has a deep understanding of Canaccord Genuity Group Inc.'s strategy and culture, and I am confident he possesses the vision and expertise to expand our global market share and deliver increasing value for our employees, clients and shareholders."

Mr. Kassie continued, "I would like to thank the board of directors for their commitment to this very thorough succession planning process."

"I am honoured to lead this extraordinary organization as we enter the next stage of our evolution as a leading, independent global investment bank," said Mr. Daviau. "It is my intent to continue our focus on enhancing global coordination and driving further operating efficiencies across our business and, importantly, ensuring Canaccord Genuity is an exceptional place to work."

Moreover, Alexis de Rosnay has accepted the additional roles of senior executive vice-president of Canaccord Genuity Group and global head of investment banking, where he will become increasingly involved in North American and global investment banking activities. Mr. de Rosnay will remain in London and will continue to serve as chief executive officer of Canaccord Genuity Ltd. (United Kingdom and Europe), which includes overall responsibility for Canaccord Genuity wealth management operations in the region.

"Alexis has achieved a strong presence in the United Kingdom and Europe and has been instrumental in building relationships and delivering successful outcomes for key institutional and corporate clients across our global platform," said Mr. Daviau. "I am pleased that he will continue to serve as a close partner and key member of the executive leadership team."

As part of the total compensation arrangement with regard to their new roles, Mr. Daviau will receive a grant of 1.5 million restricted share units (RSUs) of Canaccord Genuity stock and Mr. de Rosnay will receive a similar grant of 425,000 RSUs. This stock will vest in equal increments over five years, and the value of each year's vesting will be taken into consideration as part of their total discretionary compensation for that year.

Background on Dan Daviau

Mr. Daviau served as chief executive officer of Canaccord Genuity's North American capital markets business since February, 2015. From 2012 to 2015, Mr. Daviau was president of the firm's U.S. capital markets business, where he helped to structure the firm's investment banking, research, sales and trading operations in the region and improve cross-border capabilities. From 2010 to 2012, Mr. Daviau was head of investment banking for Canaccord Genuity and was actively engaged in improving the firm's sector diversification capabilities and contributing to its global growth strategy. Prior to the Canaccord/Genuity merger that was announced in 2010, Mr. Daviau was a principal and founder of Genuity Capital Markets, where he held a variety of senior roles since 2005.

Prior to 2005, Mr. Daviau was co-head of investment banking at CIBC World Markets, a firm he joined in 1991. While at CIBC World Markets, Mr. Daviau also served as the head of the media and telecommunications group since 2000 and head of the technology investment banking group in Canada since 1997.

Having started his career as a securities lawyer with Goodman & Co., Mr. Daviau has extensive experience in a broad range of financing transactions and merger and acquisition assignments. His equity offering experience includes public and private financings for a number of leading global technology, on-line gaming, media and telecommunication companies. In the merger and acquisition space, Mr. Daviau has advised in excess of $50-billion (U.S.) of transactions.

Mr. Daviau is based in Toronto, Canada. He holds an MBA from York University, an LLB from Osgoode Hall/York University and a BA (math and statistics) from the University of Western Ontario.