Tim Hoare steps back from top of Canaccord

 
Michael Bow
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CANACCORD veteran Tim Hoare is stepping down as chairman of its European markets division Canaccord Genuity after 20 years with the company.

Hoare, who joined Canaccord when it bought a stake in his firm T. Hoare & Co in 1993, is leaving to take up a role on the Canadian parent company Canaccord Financial’s global advisory board.

The 62-year-old, pictured, was chief executive of Canaccord Genuity for many years before moving to the chairmanship role in March 2012.

“Tim’s partnership was an important part of Canaccord Genuity’s entry into the UK,” Canaccord Financial’s chief executive Paul Reynolds said yesterday.

Canaccord bought Genuity Capital Markets in 2010. The current chief executive of Canaccord Genuity is Alexis de Rosnay.