Raymond James Financial Announces Key Executive Leadership Appointments
Raymond James aligns bank and asset management leadership for 2027, emphasizing succession planning and continued growth investment.
Rhea-AI Summary
Raymond James Financial (RJF) announced a leadership transition in its Bank Segment, effective January 1, 2027. Longtime Bank Segment President Steve Raney will move into an executive consulting role, while current Chief Operating Officer Scott Curtis will assume leadership of the Bank Segment as part of long-term succession plans.
Under Raney, annual Bank Segment net revenues grew from approximately $41 million in fiscal 2006 to nearly $1.8 billion in fiscal 2025. Raney will remain chair of the Raymond James Bank board and continue serving on several affiliated bank and trust company boards. Curtis will also keep oversight of Investment Management, Marketing, Corporate Real Estate, and Office and Procurement Services. Chief Strategy Officer Tarek Helal will take on leadership of the Asset Management Services division from January 1, 2027, alongside current duties, as the firm invests in technology and capabilities to support growth.
Positive
- Bank Segment net revenues grew from about $41 million in fiscal 2006 to nearly $1.8 billion in fiscal 2025 under Steve Raney’s leadership.
- Succession plan keeps departing Bank Segment president as executive consultant and board chair, supporting continuity.
- Leadership realignment for the Bank Segment and AMS is paired with stated investments in technology and capabilities to support growth.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
St. Petersburg, Fla., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Raymond James Financial (NYSE: RJF) announced today that Bank Segment President Steve Raney will transition into an executive consulting role on January 1, 2027, after 21 years of leading the firm’s banking business. As part of the firm’s long-term succession plans, RJF Chief Operating Officer Scott Curtis will lead the Bank Segment.
“Under Steve’s leadership, the business has grown from approximately
Raney will work closely with Curtis and the Bank Segment leadership to ensure a thoughtful and orderly transition. Beyond the transition, he will continue to serve as chair of the Raymond James Bank board and a member of the TriState Capital Bank board and Raymond James’ two trust company boards, as well as a member of select bank committees. Curtis has served on the Raymond James Bank board since 2019.
“It has been an honor to be part of the firm’s banking story – developing intelligent solutions for clients, deepening relationships across the Private Client Group and Capital Markets businesses, and growing it into a significant business in its own right, while remaining grounded in the firm’s conservative, client-first approach,” Raney said. “The Bank Segment has significant opportunities ahead, and I have great confidence in Scott and the leadership team as they carry the business forward. I am equally enthusiastic about the opportunities across Raymond James and look forward to continuing to contribute to the firm’s success in the years ahead.”
In addition to the Bank Segment, Curtis will continue overseeing Raymond James Investment Management, Marketing, Corporate Real Estate, and Office and Procurement Services.
As part of the transition, Chief Strategy Officer Tarek Helal will oversee the Asset Management Services (AMS) division, effective January 1, 2027, in addition to his current responsibilities.
“We are making meaningful investments in technology and other capabilities to support growth plans for the Bank Segment and AMS, and this realignment will provide additional leadership focus and better position both businesses to execute on strategic opportunities,” said Shoukry.
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. Total client assets are
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Media Contact: Steve Hollister Raymond James Financial 727.567.2824 mediarelations@raymondjames.com Investor Contact: Kristina Waugh Raymond James Financial 727.567.7654 investorrelations@raymondjames.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will the Raymond James Bank Segment leadership transition take effect?
The transition is effective January 1, 2027, when Steve Raney moves into an executive consulting role and Scott Curtis begins leading the Bank Segment.
What roles will Steve Raney hold after stepping down as Bank Segment President?
After the transition, Steve Raney will serve as executive consultant, continue as chair of the Raymond James Bank board, and remain a member of the TriState Capital Bank board, Raymond James’ two trust company boards, and select bank committees.
What additional responsibilities will Scott Curtis and Tarek Helal take on?
Scott Curtis will lead the Bank Segment while continuing to oversee Raymond James Investment Management, Marketing, Corporate Real Estate, and Office and Procurement Services. As part of the same transition, effective January 1, 2027, Chief Strategy Officer Tarek Helal will assume oversight of the Asset Management Services (AMS) division in addition to his current responsibilities.