Raymond James Financial announces CFO, key senior leadership appointments

ST. PETERSBURG, Fla. – Raymond James Financial, Inc. (NYSE: RJF) today announced executive leadership changes effectuated by the firm’s March CEO and leadership succession announcement.

“The board, Paul Shoukry and I are confident that our long-term succession planning process has identified and developed capable and experienced leaders to partner with Paul as we build for the firm’s future. Together, those taking on new responsibilities represent over 100 years of experience with Raymond James,” Chair and CEO Paul Reilly said. “These talented leaders are committed to our firm’s values and have each played an important part of our past success. With Paul and the rest of our executive leadership team, they undoubtedly will preserve our commitment to both excellent client and advisor service, as well as to future growth for all our stakeholders.”

All changes will be effective October 1, 2024.

Butch Oorlog, chief accounting officer of Raymond James Financial, has been named RJF CFO and will succeed Shoukry who has been named the firm’s CEO successor.

Tom Walrond, SVP and division director, has been named president of Raymond James and Associates’ (RJA) Private Client Group, the firm’s employee affiliation option. He replaces Tash Elwyn, who as previously announced will become president of the company’s Private Client Group as Scott Curtis assumes the role of the firm’s chief operating officer.

Steve Raney, CEO and chair of Raymond James Bank, has been promoted to oversee the firm’s bank segment and will become executive chairman of Raymond James Bank. Amanda Stevens has been named CEO of Raymond James Bank.

Steve Hufford, chief operating officer (COO) of Investment Banking, will take over as head of Investment Banking, upon Jim Bunn’s appointment to president of the Capital Markets segment.

The firm’s EVP of Technology and Operations, Bella Allaire, will become chief administrative officer. She will lead firmwide business process innovation and service enhancement initiatives, and Technology, Operations and Branch Change Management will continue to report to her. She will be succeeded by current chief information officer Vin Campagnoli as EVP of Technology and Operations. Campagnoli will be succeeded by Technology COO Andy Zolper, who becomes the firm’s chief information officer.

Tarek Helal, SVP of Investments and Strategy, has been appointed the firm’s chief strategy officer, a new role. He will lead the firm’s corporate development, cash solutions and cross border activities, along with new product and new business oversight.

“I am extremely optimistic about our firm’s future, with a strong competitive position in each of our businesses and this fantastic leadership team,” Shoukry said. “Being able to fill all of these senior leadership positions with internal promotions is a testament to our firm’s longstanding focus on talent development and succession planning. Most importantly, these leaders all share a commitment to reinforce and strengthen our unique values and culture at Raymond James.”

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 8,800 financial advisors. Total client assets are $1.45 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.