Press Release
FOR IMMEDIATE RELEASE
March 1, 2011
RAYMOND JAMES WELCOMES DAVID CASTAGNA AND GEOFFREY
TOBIN TO TECHNOLOGY INVESTMENT BANKING GROUP
SAN FRANCISCO, Calif. – David Castagna and Geoffrey Tobin have joined the technology investment banking group of Raymond James and will be based in San Francisco, according to Jeffrey Trocin, head of equity capital markets.
Castagna joins the firm as managing director and co-head of technology investment banking. Tobin joins as managing director and will focus on the communications equipment and enterprise systems sectors.
“We are delighted to welcome Dave and Geoff to the firm,” said Trocin. “Their extensive experience, knowledge and relationships will be tremendous assets to our team as we continue to expand our technology franchise. They join a leading growth company platform that offers clients a full range of capital raising and advisory services, top-ranked equity research, broad institutional and retail distribution, and the backing of a nearly $5 billion market cap investment banking and securities firm with 92 consecutive quarters of profitability.
“This hiring is targeted as another step in fully leveraging our well-established equity research presence in technology, which currently boasts coverage of over 200 public companies in the U.S. throughout multiple sectors in technology and telecommunications. The addition of Dave and Geoff expands Raymond James’ San Francisco-based senior technology banking team which currently includes Stefan Jansen, co-head of technology investment banking, Rex Sherry, head of semiconductors and John Kelley, head of enterprise software. We plan to add additional talent to take advantage of significant opportunity in the technology sector.”
Castagna has more than 16 years of technology investment banking experience across multiple technology sectors. He joins the firm from Piper Jaffray & Co. where he was co-head of the technology, media and telecom investment banking group. He previously served as head of technology, media and telecom investment banking at Cowen & Co. and as head of technology investment banking at Thomas Weisel Partners LLC. Castagna has an MBA from Stanford University and a bachelor's degree, summa cum laude, from Brigham Young University.
Tobin has 14 years of technology investment banking experience, with expertise in the communications equipment, mobile, storage, computing, optical components, test and measurement and smart grid sectors. Prior to joining Raymond James, he spent four years with Piper Jaffray & Co., where he was a managing director in the technology, media and telecom group and responsible for the firm’s investment banking activities in the communications equipment and enterprise systems sectors. Previously, he served eight years in the technology investment banking group at Thomas Weisel Partners LLC.
About Raymond James Financial, Inc.
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 5,300 financial advisors serving 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $266 billion, of which approximately $34 billion are managed by the firm’s asset management subsidiaries.
To the extent that Raymond James makes or publishes forward-looking statements (regarding management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2010 annual report on Form 10-K and the quarterly report on Form 10-Q for the quarter ended December 31, 2010, which are available on RAYMONDJAMES.COM and SEC.GOV.
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