ST. PETERSBURG, Fla. – Raymond James was ranked number two for shareholder activism defense in the Thomson Reuters Global Shareholder Activism Scorecard for the first half of 2017.
The rankings are based on the total number of activist campaigns for which each firm has served as the financial advisor. Raymond James advised on seven activist situations this proxy season.
Following the establishment by Raymond James of an Activism Response and Contested Situations practice earlier this year, this ranking represents the first time the company has been included on the Thomson Reuters Scorecard. Raymond James is one of the only middle-market investment banks offering a dedicated team advising corporate clients on investor activism preparedness and response. The strong showing in the league table in the first year since Raymond James formed its team reflects the significant momentum resulting from our differentiated model.
“We are focused on providing small- and mid-cap companies with the tactical advice to best address shareholder activism through preparation, planning and enhanced shareholder engagement,” said Duncan Herrington, head of the Activism Response & Contested Situations group. “We are thrilled with the results from the first half of this year, and we look forward to continuing to establish a world-class activism defense practice at Raymond James.”
According to Thomson Reuters, all shareholder activism campaigns are tracked by “Intent” mainly from Item 4 clauses in Schedule 13D U.S. public filings, other SEC filings (DEF 14A), media sources, press releases, public shareholder proposals, public letters to management and regional governance reports. Activist investors must display a clear confirmation of actions or the potential to take defined actions against a target company to be included in the database. The scope of coverage includes value creation, changes to the board of directors and intent to persuade M&A activity. Advisor rankings are compiled via public sourcing and quarterly survey disclosures. Campaign count is based on the announcement date.
About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2013, Raymond James has participated in raising $300 billion in capital for its corporate clients and completed more than 400 advisory assignments, including more than 350 M&A buy-side or sell-side advisory assignments.
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 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $677 billion. 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. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.
No fee is paid in exchange for this award/rating.