Brown has been involved with the the development of the company and its predecessors since its founding in 1968 as a venture capital firm and through its initial public offering right up until last week.
Brown said his intention is to pursue a new career alongside partners advising established private companies with a growth profile and in need of private debt and equity financing.
"On behalf of the board of directors, management and all employees, I would like to thank Peter for his many contributions to the success of Canaccord Genuity in nearly five decades of service," said Paul Reynolds, president and CEO.
"I am proud of the progress made by current senior management,” Brown said. “Building on a solid base, they have embarked on a very dynamic global expansion that has never before been envisioned by a Canadian independent investment dealer,” he added.
