Raymond James adds experienced insurance sector banker to its Financial Services Investment Banking practice

ST. PETERSBURG, Fla. ─ Raymond James has strengthened its capabilities to serve clients operating in the insurance industry with the addition of Ashutosh Rathore as managing director in the Financial Services Investment Banking group. Rathore has been serving insurance sector clients since 2007 and has a deep understanding of property and casualty, life insurance, and insurance distribution and services verticals.

Rathore has managed important strategic advisory and capital raise mandates for a wide range of insurance industry participants, including public companies, mutual companies and financial sponsor owned private companies. His addition to the team will bolster Raymond James’ long-term track record of service to the insurance industry in both the debt and equity capital markets, as well as strategic advisory.

“Ashu is a highly regarded banker with a proven ability to add value in assisting clients to achieve their corporate objectives,” said John Roddy, head of the Financial Services Investment Banking practice. “I’m excited to have Ashu join Vice Chairman Pat DeLacey to further develop our dialogue with both new and existing clients, particularly as we enter a very impactful time for this market. His leadership, industry knowledge, transaction experience and relationships across the sector ensure that our clients will receive world-class advice and support related to their capital formation and M&A initiatives.”

Rathore joins Raymond James from Guggenheim Securities, where he was a managing director in the firm’s insurance practice. He has previously held investment banking roles serving insurance sector clients at Greenhill, UBS and Wells Fargo. Rathore completed his formal business education at the Nirma Institute of Management, India, and received his MBA from Emory University’s Goizueta Business School.

“The depth and breadth of Raymond James’ capital markets platform, combined with its reputation for outstanding, client-focused advice in complex advisory assignments, is the perfect fit for me to continue to provide value-added service to our clients in the insurance sector,” Rathore said. “This is a transformational period for many parts of the insurance industry, and I look forward to contributing to the success of our clients and the firm.”

Raymond James’ Financial Services Investment Banking group provides M&A advisory, capital formation and restructuring services to depository institutions, insurance organizations, specialty lenders, asset managers and business development companies. Since 2012, the group has executed 209 advisory assignments representing nearly $22 billion in transaction value and 260 capital offerings representing more than $47 billion in value.

About Raymond James Investment Banking

Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2015, we have participated in raising nearly $245 billion in capital for our corporate clients and completed more than 800 advisory assignments, including more than 680 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 8,100 financial advisors. Total client assets are $828 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.