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."
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
