The Globe and Mail reports in its Wednesday, June 14, edition that Canaccord Genuity Group is shuffling its senior executives, naming Stuart Raftus as the chief executive officer of its Canadian division and appointing a new Canadian capital markets head as the current president steps down. The Globe's Tim Kiladze writes that Mr. Raftus is now CEO of Canaccord Genuity Corp., the formal name of the entire Canadian business. Pat Burke, meanwhile, is stepping down from his role as president of Canadian capital markets. Mr. Burke joined Canaccord Genuity in 2015, when he was one of the key hires made by newly appointed CEO Dan Daviau. Before joining, Mr. Burke had been global head of equity at Bank of Nova Scotia, but left the dealer in 2014 in a move that surprised Bay Street. He will now be a special adviser to Canaccord Genuity. In his place, Canaccord has promoted Jason Melbourne to head of Canadian capital markets. Mr. Melbourne has been global head of distribution since October, 2020. The changes come at a pivotal moment for Canaccord, whose leaders are in the midst of a management buyout for the company. The proposed takeover was proposed in January but has stalled of late.