Raymond James expands financial services investment banking practice, hires Managing Director Craig Tessimond

ST. PETERSBURG, Fla. – Raymond James is expanding the capabilities of its Financial Services Investment Banking practice by hiring Craig Tessimond as a managing director specializing in the Insurance sector. Based in Boston, he will provide a wide range of investment banking services, including M&A advisory and capital raising, to the firm’s clients.

Tessimond has nearly 25 years of experience in financial services investment banking, focused on providing corporate finance advisory services to the insurance industry. Throughout his long career, he has completed many notable transactions across all significant sectors of insurance, with a specific focus on warranty, insurance services and risk-bearing entities.

“I am so pleased that Craig chose to join our talented team and bring his deep expertise, as he is extremely well regarded by his corporate clients and the financial sponsors that invest in this space,” said John Roddy, head of Financial Services Investment Banking. “Craig is a strong addition to our accomplished team of bankers who will continue our long history of serving insurance companies.”

Tessimond joins Raymond James after serving as a managing director at Houlihan Lokey, where he spent the past 13 years.

“We expect deal activity in the Insurance sector to accelerate going forward, with both strategics and financial sponsors continuing to play a large role in the industry,” said Tessimond. “I'm excited to continue to provide my expertise to help clients best position themselves to capitalize on future growth opportunities and continue their track records of success. Raymond James represents a unique and strong platform with a diverse, full set of capabilities to complement the relationships and industry knowledge that clients expect.”

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 $1.54 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.