One of the top executives at the wealth management and financial services group is stepping down from his post but remains at the firm.

Raymond James’ co-president of global equities and investment banking, Jeffrey E Trocin, is stepping down as part of a planned succession. He departs the position at the end of this year.

Co-president Jim Bunn, promoted to the position and the executive committee in September last year, becomes president and assumes full leadership over the business while maintaining his investment banking leadership role. With more than 20 years of experience, Bunn joined Raymond James in 2009 during the acquisition of Lane Berry, where he led the financial technology and technology services practices. Previously, he led Raymond James' technology services investment banking group and served as co-head of investment banking before moving to his current role. He began his investment banking career at Salomon Smith Barney/Citigroup in 1998.   

Trocin will remain active with Raymond James and will be appointed vice chairman, Raymond James Financial.  Among other responsibilities, he will continue to serve on various firm-wide and equity capital markets committees.

“For more than three decades, Raymond James has been privileged to benefit from Jeff’s business leadership, far-reaching experience, and expertise in investment banking and the equity capital markets,” chairman and CEO Paul Reilly, said.