Press Release

Release No. 0407-01
June 13, 2007

GIG PALMER JOINS
RAYMOND JAMES INVESTMENT BANKING
AS SENIOR VICE PRESIDENT

NEW YORK – Gig Palmer recently joined the Financial Services Group of the Investment Banking Division of Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, as a senior vice president. He will be located at the 250 Park Avenue office in Manhattan.

Palmer focuses on the property/casualty and life and health insurance sectors. He joins Raymond James from Deutsche Bank Securities where he served as a vice president with their Financial Institutions Group. Prior to working with Deutsche Bank, he held investment banking positions with the financial institutions groups at KeyBanc Capital Markets and Advest, Inc.

About the Financial Services Group
The Financial Services Group specializes in providing investment banking services to community and regional banks, thrift institutions, insurance companies, broker/dealers, asset managers, and other specialty finance companies, in underwritten public offerings, private placements, mergers and acquisitions, and fairness opinions.

About Raymond James & Associates
Raymond James & Associates, Inc., which has built a national reputation during the past 44 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company. Through its three broker/dealer subsidiaries, Raymond James Financial has more than 4,650 financial advisors serving 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $203 billion, of which approximately $36.8 billion are managed by the firm’s asset management subsidiaries.

– 30 –
For additional information, please contact Anthea Penrose at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.