Raymond James Chief Economist Scott J. Brown, Ph.D., to retire, Eugenio Alemán, Ph.D., hired as successor

ST. PETERSBURG, Fla. - Raymond James Financial Chief Economist Scott J. Brown, Ph.D., having informed the firm late last year of his plans to retire, will depart May 6. Dr. Brown has provided financial advisors and their clients with highly regarded analysis and thought leadership on economic policy and its market impact for more than 28 years.

Following a comprehensive search, joining Raymond James as Dr. Brown’s successor is Eugenio Alemán, Ph.D., who becomes chief economist effective May 9. Dr. Alemán comes to Raymond James from the U.S. Department of Energy’s Energy Information Administration (EIA) where he was also chief economist.

“Scott has been a valuable contributor to the firm’s growth, providing insights and context through a wide-range of economic scenarios and helping clients understand how policy, unprecedented events and market volatility shaped their financial plan,” said Haig Ariyan, head of Global Wealth Solutions and president of Alex. Brown. “We thank him for his nearly three decades of service and for leaving a strong legacy of economic insight through our investment strategy platform.”

Prior to the EIA, Dr. Alemán was with Wells Fargo for 16 years, first as a director and senior economist for Wells Fargo Securities, where he covered the U.S. domestic consumer profile, contributed to the analysis of the global economy and researched the commodities, energy and metals markets. In 2019 he joined Wells Fargo Bank as a vice president and international economist in the corporate economics group. He had previous roles with IHS Markit and Shell Argentina in addition to being a professor or adjunct professor of economics at multiple universities. Dr. Alemán holds a bachelor’s degree in political science from the Universidad Del Salvador in Argentina, an MBA from Inter-American University in Puerto Rico and a master’s and Ph.D. in economics from Florida International University.

“Eugenio is a talented economist with a diverse background which informs his thoughtful research and economic analysis,” said Larry Adam, Raymond James chief investment officer. “His unique insights and thought leadership will inform advisors and clients and educate them on the interconnectedness of the global economy.”

Dr. Brown joined Raymond James in 1993 and has educated Floridians and national audiences through his highly impactful presentations and media appearances. He serves on the Economic Advisory Committees of the American Bankers Association, the Securities Industry and Financial Markets Association and the U.S Chamber of Commerce. He has also served on the Governor’s Council of Economic Advisors for the state of Florida.

Raymond James provides investment and economic perspectives through its Investment Strategy team, led by Chief Investment Officer Larry Adam, as part of a comprehensive and well-respected suite of economic, capital markets and policy insights from across the firm.

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 $1.26 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.