People Moves
Raymond James Financial's CFO To Retire; Successor Named
The outgoing CFO has been at the firm for 32 years in a career stretching back to the Reagan era.
Jeff Julien, who is the chief financial officer of US-listed
Raymond James
Financial, the firm operating in the US, Canada, the UK and
Australia, is leaving the firm at the end of this year.
Julien will continue to serve as executive vice president of
finance and as a senior advisor for a period of time to ensure
that his responsibilities are smoothly transferred, the firm said
in a statement yesterday.
His career at Raymond James began in 1983 after working as a CPA
for Price Waterhouse in Tampa, Florida. (That firm subsequently
became PricewaterhouseCoopers.) He is chairman of the board of
Raymond James Bank and serves as a director for many of the
firm’s other subsidiaries. Julien will remain a director on the
bank board and will continue to serve on several management
committees.
Steve Raney, president and CEO of Raymond James Bank, who reports
to Julien, will report to chairman and CEO Paul Reilly, with
effect from January 1, 2020.
Reilly announced that from January 1, 2020, the firm’s current
treasurer and senior vice president of finance and investor
relations, Paul Shoukry, will become CFO.
In addition, Jennifer Ackart, senior vice president and chief
accounting officer, was named CFO of the company’s Raymond James
& Associates subsidiary, with immediate effect. This position was
previously held by Richard (Rick) Franz, who retired in January.
