Raymond James unveils new CFO in C-suite shakeup
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
Read more on investmentnews.com
