David Kassie - Canaccord Genuity Executive Chairman of the Board

CF Stock  CAD 8.57  0.10  1.18%   

Chairman

Mr. David Jonathan Kassie serves as Executive Chairman of the Board of Canaccord Genuity Group Inc. He became Group Chairman and a director of the Company on the closing of the acquisition of Genuity Capital Markets, a Canadian investment bank, on April 23, 2010, and became Chairman on April 1, 2012. He was the Principal, Chairman and Chief Executive Officer of Genuity Capital Markets from 2004 until May 9, 2010, when the integration of the businesses of Genuity Capital Markets and Canaccord Financial Ltd. was completed under the name Canaccord Genuity. Before 2004, he was Chairman and Chief Executive Officer of CIBC World Markets and the Vice Chairman of CIBC. On the death of Paul Reynolds on April 1, 2015, Mr. Kassie was appointed as the Chief Executive Officer of the Company and on October 1, 2015, upon succession, Mr. Kassie became the Executive Chairman. Mr. Kassie has extensive experience as an advisor, underwriter and principal. He sits on a number of corporate boards. Mr. Kassie is actively involved in community and charitable organizations and is the Chairman of the Board of Baycrest Health Sciences and is on the board of the Richard Ivey School of Business and was formerly on the boards of the Toronto International Film Festival Group and the Hospital for Sick Children since 2015.
Age 69
Tenure 10 years
Professional MarksMBA
Address 609 Granville Street, Vancouver, BC, Canada, V7Y 1H2
Phone604 643 7300
Webhttps://www.canaccordgenuity.com
Kassie holds a B.Comm. in Economics from McGill University, and an MBA from the University of Western Ontario . In addition to Canaccord Genuity Group Inc., Mr. Kassie is a director of the following public company: Reitmans Limited.

Canaccord Genuity Management Efficiency

As of the 21st of March 2025, Return On Capital Employed is likely to grow to 0.19, though Return On Tangible Assets are likely to grow to (0). At this time, Canaccord Genuity's Non Current Assets Total are very stable compared to the past year. As of the 21st of March 2025, Non Currrent Assets Other is likely to grow to about 9.7 B, while Total Assets are likely to drop about 4.2 B. Canaccord Genuity's management efficiency ratios could be used to measure how well Canaccord Genuity manages its routine affairs as well as how well it operates its assets and liabilities.
Canaccord Genuity Group has accumulated 604.75 M in total debt with debt to equity ratio (D/E) of 0.34, which is about average as compared to similar companies. Canaccord Genuity has a current ratio of 1.11, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Canaccord Genuity until it has trouble settling it off, either with new capital or with free cash flow. So, Canaccord Genuity's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canaccord Genuity sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canaccord to invest in growth at high rates of return. When we think about Canaccord Genuity's use of debt, we should always consider it together with cash and equity.

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Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. Canaccord Genuity Group Inc. was founded in 1950 and is headquartered in Vancouver, Canada. CANACCORD GENUITY operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. Canaccord Genuity Group (CF) is traded on Toronto Exchange in Canada and employs 2,892 people. Canaccord Genuity is listed under Investment Banking & Brokerage category by Fama And French industry classification.

Management Performance

Canaccord Genuity Leadership Team

Elected by the shareholders, the Canaccord Genuity's board of directors comprises two types of representatives: Canaccord Genuity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canaccord. The board's role is to monitor Canaccord Genuity's management team and ensure that shareholders' interests are well served. Canaccord Genuity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canaccord Genuity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sally Tennant, Independent Director
Donald MacFayden, Chief Financial Officer, Executive Vice President
Thomas Gabel, Senior Markets
Kalpana Desai, Independent Director
Patrick Burke, President - Capital Markets, Canaccord Genuity Corp. (Canada)
George Garnett, Director Finance
Michel Perera, Chief Officer
Dipesh Shah, Independent Director
Mark Whaling, Global Head of Sales and Trading
Daniel Daviau, President, Chief Executive Officer, Executive Director
Terrence Lyons, Lead Independent Director
Adrian Pelosi, Executive Vice President Chief Risk Officer, Treasurer
Dimitri Prouvost, VP
David Esfandi, Chief Executive Officer - Canaccord Genuity Wealth Management Limited (U.K.)
Jeffrey CFA, Pres LLC
Charles Bralver, Independent Director
Martin MacLachlan, General Counsel, Corporate Secretary
Donald CPA, Executive CFO
Jeff Barlow, President, Canaccord Genuity Inc (US).
Marcus Freeman, Managing Director & Chief Executive Officer, Canaccord Genuity (Australia) Limited
Nicholas Russell, Interim Chief Executive Officer of Canaccord Genuity Limited, Chief Financial Officer of Canaccord Genuity Limited
Gregory Sourd, Director
Olivier Dardel, Head Office
Edward Hirst, Managing Banking
Michael Harris, Independent Director
Christina Marinoff, Vice President - Investor Relations & Communications
Nadine Ahn, EVO CFO
David Kassie, Executive Chairman of the Board
CA CFE, Chief VP
Andrew Viles, Executive Vice President and Chief Legal Officer
Fera Jeraj, Chief Officer
Merri Jones, Independent Director
Stuart Raftus, Chief Administrative Officer, Canaccord Genuity Group Inc. President, Canaccord Genuity Wealth Management (Canada)

Canaccord Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canaccord Genuity a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Canaccord Genuity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canaccord Genuity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canaccord Genuity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canaccord Stock

  0.62PIC-A Premium IncomePairCorr

Moving against Canaccord Stock

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  0.67SMD Strategic MetalsPairCorr
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  0.47ELF E L FinancialPairCorr
The ability to find closely correlated positions to Canaccord Genuity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaccord Genuity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canaccord Genuity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canaccord Genuity Group to buy it.
The correlation of Canaccord Genuity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canaccord Genuity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaccord Genuity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canaccord Genuity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Canaccord Stock

Canaccord Genuity financial ratios help investors to determine whether Canaccord Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canaccord with respect to the benefits of owning Canaccord Genuity security.