Canaccord Adams Inc. announced that, effective today, Jamie Brown has been named president in addition to his duties as head of investment banking. He succeeds Kevin Dunn who is assuming the title of vice chairman of U.S. operations.

“I am very proud to announce Jamie’s appointment to this key leadership position,” says Paul Reynolds, president and CEO of Canaccord Capital Inc. “He has been integral in the growth of our U.S. operations, doubling banking revenue and establishing the corporate finance team in a highly competitive environment since becoming head of U.S. investment banking in May 2006.”

Brown will continue to work closely with other department heads: Tom Gabel, head of U.S. institutional sales; Jon Solodar, head of U.S. sales trading & trading; Eric Ross, head of U.S. equity research; and Matt Gaasenbeek, head of capital markets North America. The management team will focus on providing service to clients and the continued expansion of the U.S. capital markets business.

Brown has served as a member of Canaccord’s investment banking team since 1997. In early 2005, he assumed the role of managing director for Canaccord’s corporate finance activities in Vancouver and successfully led the public venture capital (PVC) operations. He has extensive transactional experience in each of Canaccord Adams’ focused sectors and has been an integral part of growing U.S. operations.

Brown has a strong background in project finance and holds a Chartered Business Valuator designation. He serves on the National Advisory Committee for the TSX Group Venture Exchange. He graduated with distinction from McGill University (BA).

After working for the firm for more than six years, Dunn will assume the role of vice chairman and will focus significant attention on senior client relations across the firm’s business lines, especially in mergers and acquisitions.

“Under Kevin’s leadership, the integration of Adams Harkness into Canaccord Adams has been successfully completed and U.S. operations have expanded considerably. His new role will allow him to build on his extensive network and vast experience to continue to cultivate long-term relationships for the firm,” say Reynolds.

Canaccord Adams is the international capital markets division of Canaccord Capital Inc.