Canaccord Financial has appointed Matthew Gaasenbeek as president of Canaccord Genuity, the capital markets division of Canaccord Genuity Corporation, effective immediately.

In his new role, Gaasenbeek will be tasked with managing all aspects of the Canadian capital markets business including investment banking, research, institutional sales and trading, fixed income, international trading and registered traders.

Most recently, Gaasenbeek was head of equities at Canaccord Genuity.

Prior to joining Canaccord, Gaasenbeek worked as a management consultant at PriceWaterhouse in its Strategic Management Services Group, with a focus on valuations and restructurings.

In addition to Gaasenbeek’s appointment, Canaccord Wealth Management, under the leadership of John Rothwell, president of Canaccord Wealth Management, will now report directly to Paul Reynolds, CEO and president of Canaccord Financial.

Further, operational elements of the business previously reporting to the COO position of Canaccord Financial will now report to Brad Kotush, executive vice president and CFO of Canaccord Financial.

Reynolds said Matt Gaasenbeek is an 18 year veteran of Canaccord Genuity and brings a proven track record as a significant revenue producer to his new role. Matt has led our North American equities group for the last four years.