Press Release

September 7, 2011

RAYMOND JAMES ANNOUNCES HIRING OF
TECHNOLOGY INVESTMENT BANKER BOB FLANAGAN

ST. PETERSBURG, Fla. – Raymond James Financial announced today that technology banking veteran Bob Flanagan has joined its Investment Banking department to lead the firm’s investment banking coverage of the technology hardware industries.

Flanagan comes to Raymond James from Oppenheimer & Co. Inc., where he managed Oppenheimer’s Silicon Valley office as the firm’s senior technology banker on the west coast.  Flanagan has nearly 20 years of investment banking experience, and has been one of the most active bankers serving the semiconductor and optical networking sectors over the past decade.  He joined Oppenheimer via its purchase of a major part of the US capital markets business of CIBC World Markets, where he led the firm’s semiconductor industry banking practice.  Previously, Flanagan was a senior technology banker at Cowen & Co. and Thomas Weisel Partners, and began his career in investment banking with Salomon Bros., Inc.

“Raymond James has been building a terrific team of technology bankers, and I’m thrilled to join them,” said Flanagan. “The firm’s commitment to the tech sector is clear when you look at the caliber and breadth of banking and research talent that Raymond James has assembled.  The momentum of banking wins in tech is a testament to the strength of the platform, and I look forward to contributing to continued growth.”

“Bob is a tremendous addition to the team, bringing a wealth of relationships, industry knowledge and transaction experience in core technology sectors.” said David Castagna, Co-Head of Technology Investment Banking. “We look forward to adding Bob’s talents to an already strong group of technology banking professionals, as the firm continues build upon its well-established research and distribution platform.”

Flanagan holds a Bachelor of Arts in Economics from UCLA and a Master of Business Administration from Stanford University’s Graduate School of Business.

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 5,400 financial advisors serving 2 million accounts in 2,400 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $271 billion, of which approximately $36 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 quarters ended December 31, 2010, March 31, 2011 and June 30, 2011, which are available on RAYMONDJAMES.COM and SEC.GOV.

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