ST. PETERSBURG, Fla. - Raymond James is continuing to expand its Financial Services Investment Banking practice with the hiring of John Roddy as managing director and co-head of the group. Roddy will join in late September and will work alongside current Head of Financial Services Investment Banking Patrick DeLacey.
“As market conditions evolve, we expect M&A activity among community and regional banks to increase, creating an opportunity for our clients to scale their businesses,” said Jim Bunn, senior managing director and head of Investment Banking at Raymond James. “Anticipating that, we wanted to hire a senior banker with considerable sector knowledge, a reputation for providing clients with exceptional strategic advice, and a proven track record in managing a broad-based team of investment banking professionals who serve the financial services sector. John’s addition will allow us to better serve our clients while continuing to grow our presence as a leader in the financial services industry.”
A deeply experienced and well-regarded banker, Roddy will provide additional leadership and strategic vision to the group, while continuing to support depository sector clients as well as other types of financial institutions. At Raymond James, he will offer a full suite of investment banking services, including M&A, advisory and capital formation, backed by a substantial distribution platform.
Roddy will be located in New York City and joins Raymond James from the Macquarie Group, where he most recently was global head of Macquarie Capital’s financial institutions group. Prior to Macquarie, Roddy’s experience included senior roles at Fox-Pitt Kelton Cochran Caronia Waller, Citigroup and Lehman Brothers.
“Raymond James is such a dynamic organization,” Roddy said. “The combination of talented bankers, compelling product capabilities and a client-first focus makes this the ideal platform for my clients, and I’m delighted to be here.”
The addition of Roddy is the most recent in a string of new hires designed to continue the measured, deliberate growth of Raymond James’ financial services sector coverage. The team saw significant expansion in June 2015 with the addition of four depository-focused bankers, led by Managing Director Robert Toma. Julian Bynum, managing director, also joined in June 2015 to lead Fixed Income Capital Markets’ efforts in providing debt capital to the firm’s corporate clients, with an initial emphasis on financial institutions. In November 2015, Richard Durkes joined Financial Services Investment Banking as vice chairman.
About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2009, Raymond James has participated in raising over $600 billion in capital for its corporate clients and completed more than 450 advisory assignments, including nearly 400 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 6,800 financial advisors serving in excess of 2.8 million client accounts in more than 2,800 locations throughout the United States, Canada and overseas. Total client assets are approximately $548 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.