In moves that will reshape its executive leadership, Raymond James Financial President John Carson will retire as president at the end of the month and Paul Allison, chairman and CEO of the firm’s Canadian subsidiary, will cede his roles and transition to the new position of executive chairman, also at year-end.
Carson, who was formerly CEO at Morgan Keegan, which Raymond James acquired in 2012, will also step down as head of the firm’s fixed income and public finance divisions.
Horace Carter, currently executive vice president of fixed income capital markets, will succeed Carson as president of fixed income and join the firm’s executive committee. Gavin Murrey, executive vice president and head of public finance and debt investment banking, will continue to run public finance and report to Carter. The company’s release on the executive changes did not say whether the position of president at Raymond James Financial will be filled.
In Canada, Jamie Coulter, currently executive vice president of wealth management, will succeed Allison as Raymond James Ltd.’s chief executive. In addition, Coulter will join its executive committee, the board of Raymond James Ltd. and be responsible for day-to-day operations.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
