Raymond James Financial Names Paul Shoukry President and CEO Successor, Announces Additional Key Leadership Changes
19 Marzo 2024 - 2:24PM
The Raymond James Financial (NYSE: RJF) Board of Directors
announced today that as part of its multi-year succession planning
process, effective immediately, CFO Paul Shoukry is appointed
president of Raymond James Financial. It’s expected that he will
become the firm’s CEO sometime during fiscal 2025, following a
transition period. Once the planned succession process is complete,
Shoukry would become only the fourth chief executive in the
company’s history, and current Chair and CEO Paul Reilly would
remain on the board as executive chair. Shoukry will retain his
current responsibilities until he transitions to the CEO role.
“Paul has been an exceptional leader and major contributor to
Raymond James’ steady growth and financial stability. Serving as
the firm’s CFO, as well as overseeing our Bank segment, he has
consistently demonstrated that even as we grow, keeping our Private
Client Group, advisors and their clients at the center of our
business plans, while always embracing our values, will continue to
be essential to our future success,” shared Reilly. “In addition to
Paul, we have an outstanding leadership team who similarly embrace
our vision for the future and are well-equipped to meet the demands
of a dynamic marketplace.”
“Raymond James has always been defined by our unique values and
our focus on the wealth management business. Bob James, Tom James
and Paul Reilly’s commitment to these values has enabled advisors
and associates to put clients first for over 60 years,” said
Shoukry. “We are fortunate that Tom will remain with the firm as
chair emeritus and beyond this transition, Paul will remain with
the firm as executive chair. I am confident the transition will
benefit greatly from the strong leadership team Paul developed
across all our businesses and functions.”
As part of the firm’s succession plans, Raymond James is
announcing other key leadership changes and appointments. Jeff
Dowdle has announced that he will be retiring and stepping down
from the COO role at the end of the fiscal year. As part of this
change, Raymond James Financial Private Client Group President
Scott Curtis will become COO of Raymond James Financial, current
Raymond James & Associates CEO Tash Elwyn will become president
of the Private Client Group, and Global Equities & Investment
Banking President Jim Bunn will become president of the Capital
Markets segment. These changes will be effective October 1, 2024,
at which time Dowdle will be named vice chair and serve in an
advisory role to facilitate a smooth transition.
“I am excited to partner with Scott, Tash and Jim in their
expanded roles to continue delivering on our mission to help
clients achieve their financial objectives, which is critical to
our firm’s continued success and independence,” said Shoukry.
Shoukry started with Raymond James 14 years ago working for Tom
James and Paul Reilly in the Assistant to the Chair program.
Serving as the firm’s CFO since January 2020, Shoukry is
responsible for the overall financial management of the company,
including balance sheet management, financial reporting, investor
relations, corporate development, corporate tax, cash management,
regulatory reporting, and financial planning and analysis. He
oversees the firm’s Bank segment, is a member of the firm’s
Executive Committee, and serves on the boards of subsidiaries
Raymond James & Associates and TriState Capital Bank.
Prior to joining Raymond James, Shoukry worked for a strategy
consulting firm that focused on serving clients in the financial
services industry. Shoukry earned an MBA with honors from Columbia
University and graduated magna cum laude with a Bachelor and Master
of Accountancy from The University of Georgia, where he was a
Leonard Leadership Scholar.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading
diversified financial services company providing private client
group, capital markets, asset management, banking and other
services to individuals, corporations and municipalities. The
company has approximately 8,700 financial advisors. Total client
assets are $1.38 trillion. Public since 1983, the firm is listed on
the New York Stock Exchange under the symbol RJF. Additional
information is available at www.raymondjames.com.
Media Contact: Steve Hollister
Raymond James
727.567.2824
Investor Contact: Kristina Waugh
Raymond James
727.567.7654
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