Canaccord Genuity Group’s CEO Paul Reynolds has died following complications while competing in a triathlon in Kona, Hawaii.
On Sunday, the 52-year-old was competing in the Lavaman Waikoloa Triathlon, which includes a 1,500-metre swim, 40-km cycling ride and 10-km run. According to local media reports, he lost consciousness during the swimming leg of the race and was rushed to hospital.
The company announced his death on Thursday, crediting him for turning the Canadian-based brokerage into a leading independent global investment bank. During his leadership tenure, Vancouver-based Canaccord acquired Toronto-based Genuity Capital Markets for $290 million.
The consolidated company, Canaccord Genuity, is now based in Toronto and Vancouver and has operations in over 10 countries.
“This is a difficult day for everyone at Canaccord Genuity. 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,” said David Kassie, the newly appointed Chairman and CEO of Canaccord Genuity Group Inc.
Reynolds served as Canaccord’s president and CEO of global operations since 2007. He began his career as a stockbroker in Vancouver during the 1980s before moving to the United Kingdom to build the company’s London division.
He is the oldest of seven children of former federal West Vancouver MP John Reynolds. At the time of his death, his entire family was with him in Hawaii.
Reynolds leaves behind four children and a wife.