The chief executive of Canadian securities group Canaccord Genuity has died in Hawaii after health complications that arose as he competed in a triathlon while on a family holiday.

Canaccord Genuity announced the death of Paul Reynolds, its 52 year-old chief executive, in a statement to the UK stock market on Thursday, saying: "It is with great sadness that the board of directors announces that Paul Reynolds has passed away in Kona, Hawaii following complications related to a health incident while competing in a triathlon."