Press Release
FOR IMMEDIATE RELEASE |
October 14, 2010
RAYMOND JAMES EXPANDS CONSUMER
& RETAIL INVESTMENT BANKING GROUP
ST. PETERSBURG, Fla. – Raymond James has recently expanded its Consumer & Retail Investment Banking team to prepare for increased market activity amid a gradual economic recovery, according to Investment Banking Co-Head Jim McDaniel.
Bob Berry, who was most recently co-head of the firm’s Mergers & Acquisitions Group, now heads the Consumer & Retail Group, and is joined by three senior mergers and acquisitions bankers, Christine Albertelli, Brian McDermott and Dan Fairweather. Berry, Albertelli and Fairweather are based in Raymond James’ Boston office, and are former executives of Lane Berry, which Raymond James acquired in May 2009. McDermott is based at the company’s headquarters in St. Petersburg, Fla.
These additions complement the existing San Francisco-based Consumer & Retail Group, led by Managing Director Laura Provenzale.
“Increasing the size and reach of this team in the early stages of the economic recovery allows us to thoughtfully and strategically grow at a time when we see significant investment banking opportunities on the horizon, particularly with regard to advisory services,” McDaniel said.
Adding these professionals strengthens a sector that already enjoys extensive coverage by Raymond James’ Equity Research division.
"The combination of strong equity distribution capabilities and superior research coverage – including six analysts who cover more than 100 public companies in the sector – with experienced mergers and acquisitions practitioners, makes Raymond James the investment bank of choice in the consumer and retail industry," Berry said.
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 wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., have more than 5,300 financial advisors serving approximately 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $235 billion, of which $31 billion are managed by the firm’s asset management subsidiaries.
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For more information, please contact Steve Hollister at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.