The UK arm of Raymond James Financial has named Dave Pederson chief wealth management officer, heading a new division that brings its wealth managers under one roof.

Raymond James has appointed Dave Pederson as chief wealth management officer to lead Wealth Management Services, a newly-combined division housing all of its UK wealth managers.

The division follows the firm’s move to a single brand in the UK. Rob Dornan, currently director of Investment Management Services, will become managing director of the new division.

Alongside the appointments, Anna Pollins has been named chief commercial officer, overseeing the firm’s client proposition and growth agenda. Her remit covers central financial planning, Charles Stanley Direct and the platform business. Pollins and Pederson will work together to bring financial planning and investment management closer together.

Pederson joined the firm in 2021 from Brown Shipley to lead the regional branch network. He became managing director of Investment Management Services and joined the executive leadership team in 2024.

He spent eight years at Brown Shipley, where he was head of the international office and led the UK integration management office during the acquisition of a Dutch private bank. Before that, he spent more than a decade at Lloyds Banking Group, latterly as regional manager for the North, overseeing a network of 140 branches.

Raymond James in the UK combines Charles Stanley, the wealth manager acquired by US-listed parent group Raymond James Financial, with the group’s existing UK operations. It oversees £53.6 billion in assets under management and administration. The parent group has $1.94 trillion in client assets under administration.