Raymond James unveils new CFO in C-suite shakeup

Raymond James unveils new CFO in C-suite shakeup
The broker-dealer giant has revealed new details of leadership changes as part of its long-term succession strategy.
MAY 24, 2024

Following a previous statement in March, Raymond James has unveiled fresh details of a shakeup in its executive leadership.

The broker-dealer giant is making those changes, effective October 1, 2024, as it embarks on its path to long-term succession.

"Together, those taking on new responsibilities represent over 100 years of experience with Raymond James," Raymond James Chair and CEO Paul Reilly, who’ll be relinquishing the chief executive role sometime next year, said in a statement. "These talented leaders are committed to our firm’s values and have each played an important part of our past success."

Butch Oorlog, currently the chief accounting officer, will take over as chief financial officer, succeeding Paul Shoukry, who is set to become the firm's CEO.

Tom Walrond, senior vice president and division director, has been named president of Raymond James and Associates’ private client group, succeeding Tash Elwyn.

As previously announced, Elwyn will become president of Raymond James Financial’s private client group, with Scott Curtis assuming the role of chief operating officer.

In the banking division, Steve Raney, CEO and chair of Raymond James Bank, will oversee the firm’s bank segment as executive chairman. Amanda Stevens will step into the role of CEO of Raymond James Bank.

Steve Hufford, currently chief operating officer of investment banking, will lead the investment banking division following Jim Bunn’s appointment as president of the capital markets segment.

The firm also announced Bella Allaire, currently the firm’s executive vice president of technology and operations, will become chief administrative officer. Allaire will be succeeded by Vin Campagnoli, the current chief information officer, who’ll in turn be replaced by Andy Zolper, the current technology COO.

Additionally, Tarek Helal, senior vice president of investments and strategy, has been appointed the firm’s chief strategy officer. Helal will oversee corporate development, cash solutions, and cross-border activities, along with new product and business initiatives.

"Being able to fill all of these senior leadership positions with internal promotions is a testament to our firm’s longstanding focus on talent development and succession planning," Shoukry said. "Most importantly, these leaders all share a commitment to reinforce and strengthen our unique values and culture at Raymond James."

Latest News

Roughly three-fifths of Americans agree on higher taxes for large corporations, higher-income households
Roughly three-fifths of Americans agree on higher taxes for large corporations, higher-income households

Pew survey reveals slight majority consensus on tax rates, but views splinter based on political alignment and income levels.

The Fed's going to cut rates
The Fed's going to cut rates

While the Federal Reserve's decision to hold interest rates steady in March was widely expected, it's the reactions from financial professionals that provide a more nuanced picture of the central bank's approach.

Ontario Pension Fund revamps PE business in light of global risk
Ontario Pension Fund revamps PE business in light of global risk

The pioneering member of Canada's Maple Eight is stepping back from its go-it-alone private equity approach as a drought in deals and Trump's trade war prompt a rethink.

Raymond James, RBC reel in UBS advisors managing over $690M in assets
Raymond James, RBC reel in UBS advisors managing over $690M in assets

The firms' latest additions in Florida and Nevada come as a strategic change at UBS raises risk of advisor defections.

Assetmark debuts new advisor succession planning program
Assetmark debuts new advisor succession planning program

The new program offers opportunities and events structured for rookies, next-gen advisor leaders, and soon-to-exit veterans.

SPONSORED Beyond the all-in-one: Why specialization is key in wealth tech

In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies