Raymond James, the US brokerage firm, has hired Kevin Whelly as senior vice president, growth and development in Canada. The position is a n...

Raymond James, the US brokerage firm, has hired Kevin Whelly as senior vice president, growth and development in Canada. The position is a newly created one. A statement from the firm said: “Mr Whelly will support the firm’s aggressive recruitment goals for its private client business.” Raymond James has been actively recruiting investment advisors in Canada during the last year, having hired 50 new positions to its private clients’ team of 265 advisors. The firm said it has grown its assets under administration by 25 per cent to $8 billion in 2004. “Our goal is to continue to grow aggressively, and over the next three years we plan to create a team in excess of 400 investment advisors, managing more than $18 billion in client assets under administration,” said Peter Bailey, president of Raymond James, in a statement.