Daviau will take over from David Kassie, who became chairman and CEO in April of this year after the death of past president and CEO, Paul Reynolds.

Based in Toronto, Daviau will join Canaccord Genuity's board of directors and continue as executive chairman.

Meanwhile, Alexis de Rosnay has taken on the additional roles of senior executive vice president of Canaccord Genuity Group and global head of investment banking.

de Rosnay will remain in London and continue to serve as CEO of Canaccord Genuity , which includes overall responsibility for Canaccord Genuity Wealth Management operations in the region.

Daviau has been CEO of Canaccord Genuity's North American capital markets business since February 2015. Between 2012 and 2015, he was president of the firm's US capital markets business, and from 2010 to 2012 was head of investment banking for Canaccord Genuity. Before the Canaccord/Genuity merger in 2010, Daviau was a principal and founder of Genuity Capital Markets, where he held senior roles since 2005.