Raymond James Financial, Inc. : Raymond James Announces Asset Management Services Leadership
January 26, 2012 at 06:44 pm
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Press Release
January 26, 2012
RAYMOND JAMES ANNOUNCES
ASSET MANAGEMENT SERVICES LEADERSHIP
ST. PETERSBURG, Fla. - Raymond James CEO Paul Reilly
announced today that Jeff Dowdle, president of Asset
Management Services, will join the firm's executive
committee on February 1, 2012, and will continue to run the
department.
Pursuant to the firm's succession plan, Dowdle replaces
Richard Riess, who will retire at year end, on the
executive committee and will continue his day-to-day
responsibilities. Riess announced his decision to step down
as executive vice president of the company's Asset
Management Group, CEO of Eagle Asset Management and
chairman of the board of trustees of the Eagle Family of
Funds, effective January 31, to assist Reilly on projects
important to the firm's future. Dowdle will report to
Paul Reilly.
"Jeff has been the architect of the tremendous growth of
the firm's asset management platform over the past decade,"
Reilly said. "I am confident that his leadership and
experience will continue to benefit the firm, our financial
advisors and their clients moving forward."
As president of Asset Management Services, Dowdle is
responsible for directing the firm's managed accounts and
fee-based platforms. These solutions include Raymond James
Consulting Services, Freedom, Freedom UMA, Managed
Completion Portfolios, Passport, Ambassador, Opportunity,
and the Managed Investment Program.
Dowdle began his association with Raymond James in 1991
working for Thomas A. James as assistant to the chairman.
He joined the Asset Management Services division in 1993,
and assumed management responsibility in 1999.
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Raymond James Financial, Inc. specializes in financial services. Revenues (including intragroup) by activity break down as follows:
- investment services (76.9%): securities brokerage, stock exchange intermediation, intervention on equity, interest rate and foreign exchange markets, derivatives, trading services, etc. for private and institutional clients;
- retail banking and merchant banking (15.7%);
- asset management (6.9%): USD 196.4 billion in assets under management at the end of September 2023;
- other (0.5%).
Revenues are distributed geographically as follows: the United States (91.3%), Canada (4.9%) and Europe (3.8%).