FOR IMMEDIATE RELEASE
January 26, 2012
RAYMOND JAMES ANNOUNCES
ASSET MANAGEMENT SERVICES LEADERSHIP
ST. PETERSBURG, Fla. – Raymond James CEO Paul Reilly announced today that Jeff Dowdle, president of Asset Management Services, will join the firm’s executive committee on February 1, 2012, and will continue to run the department.
Pursuant to the firm’s succession plan, Dowdle replaces Richard Riess, who will retire at year end, on the executive committee and will continue his day-to-day responsibilities. Riess announced his decision to step down as executive vice president of the company’s Asset Management Group, CEO of Eagle Asset Management and chairman of the board of trustees of the Eagle Family of Funds, effective January 31, to assist Reilly on projects important to the firm’s future. Dowdle will report to Paul Reilly.
“Jeff has been the architect of the tremendous growth of the firm’s asset management platform over the past decade,” Reilly said. “I am confident that his leadership and experience will continue to benefit the firm, our financial advisors and their clients moving forward.”
As president of Asset Management Services, Dowdle is responsible for directing the firm’s managed accounts and fee-based platforms. These solutions include Raymond James Consulting Services, Freedom, Freedom UMA, Managed Completion Portfolios, Passport, Ambassador, Opportunity, and the Managed Investment Program.
Dowdle began his association with Raymond James in 1991 working for Thomas A. James as assistant to the chairman. He joined the Asset Management Services division in 1993, and assumed management responsibility in 1999.
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 approximately 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 $270 billion, of which approximately $35 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’ 2011 annual report on Form 10-K, which is available on RAYMONDJAMES.COM and SEC.GOV.
In addition to those factors, the following factors, among others, could cause actual results to differ materially from forward-looking or historical performance: the possibility that regulatory and other approvals and conditions to the transaction are not received or satisfied on a timely basis or at all; the possibility that modifications to the terms of the transaction may be required to obtain or satisfy such approvals or conditions; changes in the anticipated timing for closing the transaction; difficulty integrating Raymond James’ and Morgan Keegan’s businesses or realizing the projected benefits of the transaction; the inability to sustain revenue and earnings growth; changes in the capital markets; and diversion of management time on transaction related issues.
For more information, please contact Steve Hollister at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.