Paul Reynolds, CEO at Canadian brokerage and investment bank Canaccord Genuity Group, died Wednesday, three days after falling ill while competing in a triathlon near Kona, Hawaii.
David Kassie, chairman, will also take on CEO duties, the company said in a news release Thursday.
In a release issued Monday, the company had said Mr. Reynolds had been hospitalized “following an unexpected medical emergency during a family vacation.” The company did not disclose the cause of Mr. Reynolds’ death.
Mr. Reynolds, 52, had competed on March 29 in the Lavaman Waikoloa Triathlon on the northwest coast of Hawaii’s Big Island. The race is a 1,500-meter swim, 40-kilometer bicycle ride and 10-kilometer run.
According to a report Sunday on the website of the Hawaii Tribune-Herald, a daily newspaper on the Big Island, a 52-year-old man had been found floating in Anaehoomalu Bay, where the swim portion of the race was held. The man was not breathing and was unresponsive, but was revived by paramedics and taken to a nearby hospital. Efforts to reach the Hawaii County Fire Department were unsuccessful.
Mr. Reynolds is survived by his wife and four children. Funeral services have not been announced, but condolences may be sent by e-mail to [email protected].