Alex. Brown head Haig Ariyan to leave July 15

Haig Ariyan, president of the Alex. Brown division of Raymond James and head of its global wealth solutions group, is leaving the firm effective July 15.

The firm gave no explanation for the departure.

Following Ariyan’s transition, Michael Tormey, the chief operating officer of Alex. Brown and of global wealth solutions, will report to Tash Elwyn, the president and CEO of Raymond James & Associates. Alex. Brown managing directors John Sutton and Brett Kellam also will report to Elwyn, Raymond James said in a press release Wednesday.

Replacing Ariyan as head of global wealth solutions will be Bill Seugling, managing director of the firm’s investment solutions group. He will report to Scott Curtis, president of the Raymond James private client group.

“Haig has been instrumental in the successful integration and subsequent growth of the Alex. Brown business following the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management in 2016,” said Paul Reilly, CEO and financial chair of Raymond James. “I have every confidence in the continued success of both Alex. Brown and our Global Wealth Solutions team, and wish Haig well in his future endeavors.”