TORONTO — Canaccord Genuity Group says its president and chief executive, Paul Reynolds, has died in Hawaii following complications related to a medical emergency during a triathlon competition on the weekend
Reynolds, 52, led Canaccord Genuity as it was transformed from a Canadian brokerage business to an independent global investment bank.
He is survived by his wife and four children.
Reynolds was competing Sunday in an event in Kona, Hawaii, that includes a 1,500-metre swim, 40-km bike ride and 10-km run.
According to media reports, he ran into problems during the swim and was pulled from the water and rushed to hospital.
Canaccord says its chairman, David Kassie, has been appointed to fill the chief executive's role immediately. He will help with a search for a permanent successor.
"This is a difficult day for everyone at Canaccord Genuity," Kassie said in statement.
"As the architect of our firm's global transformation, Paul's distinct style of partnership, friendship and respect over three decades of commitment is just part of the legacy he leaves us all."
Canaccord Genuity said it wasn't planning further comment at this time. It also said the family had requested privacy.
It originally announced Monday that Kassie would fill in for Reynolds until he was able to resume his duties.
CanaccordGenuity is one of Canada's largest non-bank investment and capital markets firms, currently operating offices in 10 countries including the United States. Its main Canadiann offices are in Vancouver and Toronto.
