Raymond James Announces Key Senior Leadership Changes

ST. PETERSBURG, Fla. - Raymond James Financial (NYSE: RJF) announced today that Haig Ariyan, president of the firm’s Alex. Brown division and head of Global Wealth Solutions, has decided to pursue an opportunity outside of the firm, effective July 15.

“Haig has been instrumental in the successful integration and subsequent growth of the Alex. Brown business following the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management in 2016, said Raymond James Financial Chair and CEO Paul Reilly. “He has been a distinguished leader, cultivating and developing strong management teams, which will help ensure smooth transitions. I have every confidence in the continued success of both Alex. Brown and our Global Wealth Solutions team, and wish Haig well in his future endeavors.”

“Raymond James’ well-regarded culture allowed me and the Alex. Brown team to evolve our business through a combination of entrepreneurialism and focused attention on advisors and their clients’ individual wealth planning needs,” said Ariyan. Working alongside a talented team of professionals with such a deep pool of resources and ideas has been an honor, and I’m excited to see how Alex. Brown and the Global Wealth Solutions group grow on the foundations we built together. I’m confident their records of success will continue.”

Following Ariyan’s transition, Alex. Brown and Global Wealth Solutions Chief Operating Officer Michael Tormey, along with John Sutton and Brett Kellam, both Alex. Brown managing directors, will report to Raymond James & Associates President and CEO Tash Elwyn.

In line with the firm’s succession plans, Bill Seugling, managing director of the firm’s Investment Solutions group, has been appointed head of Global Wealth Solutions, reporting to Raymond James’ Private Client Group (PCG) President Scott Curtis.

Tormey joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was COO. He joined Deutsche Bank in 2004 and began his career at Bankers Trust Company in 1992.

Seugling joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was managing director. He joined Deutsche Bank in 2008 and began his career at Greenwich Associates in 1991.

Sutton joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was managing director. He joined Deutsche Bank in 2013 and began his career as a practicing attorney with Donovan Leisure Newton & Irvine in 1993.

Kellam joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was managing director. He joined Deutsche Bank in 2009 and began his career at Paine Webber in 1981.

“Haig’s leadership and contributions have been instrumental to our growth and success. We remain committed to the Alex. Brown business, advisors and clients,” said PCG President Scott Curtis. “In addition, under his leadership, our Global Wealth Solutions group has expanded resources and enhanced capabilities, offering best-in-class wealth planning, investment and insurance solutions and insights to address evolving advisor and client needs and expectations.”

About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.18 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

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