Canaccord Financial Inc. 2012 Annual Report

Singapore

Canaccord provides timely, actionable ideas from many of today's important financial centres, including Singapore – where Canaccord added an office in March of 2012.

Meaning: Opportunity

London, UK

Canaccord strengthened its operations in the UK through the acquisition of Collins Stewart Hawkpoint plc, emerging as a leading investment bank in the UK market.

Frankfurt, Germany

Canaccord significantly expanded its capital markets operations during fiscal 2012, including a new office in Frankfurt – just one of several cities our new European advisory practice, Canaccord Genuity Hawkpoint, operates from.

Meaning: Opportunities

Toronto, Canada

Canaccord's traditional stronghold in the Canadian market continues to provide a solid foundation to our growing, global business.

Paris, France

Canaccord's expanded global advisory practice now serves clients from several key offices in Europe, including Paris.

Meaning: Opportunity

New York, USA

Through the acquisition of Collins Stewart Hawkpoint, Canaccord bolstered its US sales and trading capabilities.

Canaccord Genuity

Our expanded global capital markets operations serve our corporate and institutional clients from 24 cities across 12 countries worldwide.

Canaccord Wealth Management

Globally, Canaccord's wealth management division now has approximately $28 billion of assets under administration and over 40 locations.

Reaching Our Objectives

During fiscal 2012, we stayed committed to reaching the objectives we set for our company and strengthened our position globally.

Letter to Shareholders

Canaccord's expansion during fiscal 2012 has positioned our company as a leading, growth-focused independent investment bank – one that is global in its scope and service offering, but focused in client attention. Today, we provide our growing client base with opportunities from a broader range of sectors and geographies than ever before. And we're combining the core strengths, expertise and business relationships our professionals have developed in each of our markets to generate real value for our clients and shareholders.

Paul D. Reynolds

President & Chief Executive Officer