08.16.24
Raymond James Succession Plan Rolls On
by: Leo Almazora
Raymond James & Associates (RJA) announced a planned regional reorganization, including changes to key leadership roles as part of its long-term strategy. In March, Raymond James revealed Paul Reilly, who’s been the firm’s CEO since 2009, will be stepping down next year to be replaced by CFO Paul Shoukry. As part of its succession planning, the firm said current COO Jeff Dowdle would be stepping down in October, to be replaced by Raymond James Financial's private client group President Scott Curtis, while RJA CEO Tash Elwyn will fill the void left by Curtis. The firm unveiled more details of its plan in May when it revealed Elwyn will be succeeded by Tom Walrond, senior vice president and division director. As part of the latest reorganization, Kelly Anderson, currently the regional director for the Eastern Division, will be tapped to lead the newly formed Northeast Division. Meanwhile, Tim Killgoar, another Eastern Division regional director, will be overseeing the Southeast Division. All the changes at RJA are happening with no external hires. Walrond, who will assume the role of president of RJA's Private Client Group, said, “We were fortunate to promote the next generation of leaders for RJA from within, ensuring commitment to our values and culture, and maintaining a consistent experience for advisors and branch associates.”
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