Canaccord appoints new managing director

Canaccord appoints new managing director

Canaccord appoints new managing director Not even a month after Canaccord Genuity lost an analyst to a competing firm, it has named a new member and leader for its investment banking and financial institutions team.

Vancouver-based Canaccord has announced via an internal memo that Michael Shuh is joining the firm, according to a report by the Globe and Mail. He has been appointed as managing director of investment banking and head of financial institutions in Canada.

In his new role based in Canaccord’s Toronto office, he will work with investment banking and advisory teams across all regions to advise asset managers, alternative lenders, investment funds, and special-purpose acquisition companies (SPACs). He will report to Pat Burke, president of Canaccord Genuity’s capital markets arm.

Prior to joining Canaccord, Shuh spent about a year as managing director and head of financial institutions at CIBC World Markets. Prior to that, he spent seven years as head of CIBC’s investment funds group. He also worked for 10 years at National Bank of Canada’s investment banking division, the last four of which he spent as its managing director.


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