People Moves

Who's Moving Where In Wealth Management? – Raymond James, Monetary Metals

Editorial Staff April 5, 2023

Who's Moving Where In Wealth Management? – Raymond James, Monetary Metals

The latest senior moves in the North American wealth management sector.

Raymond James has announced that Art A Garcia, former chief financial officer at Ryder System, and Raymond W McDaniel, chairman of Moody’s Corporation, will be joining its board of directors. 

The appointments take effect from April 10.

“Art and Ray have built impressive careers serving on the front lines of their companies’ domestic and international expansions,” Raymond James chair and CEO Paul Reilly, said. “As a growth company, we look forward to integrating their experience and expertise with our current board to help inform Raymond James’ continued innovation and growth strategy in service to advisors and their clients. I am confident they will bring new and diverse perspectives to our discussions.”

Alongside the appointments, the firm’s board is also dividing its audit and risk committee into two committees. Garcia is expected to serve on the risk committee, and McDaniel on the audit and the risk committee. 

Monetary Metals
Monetary Metals, a business headquartered in Arizona, has appointed Jeff Deist as general counsel. Deist is a former president of the Mises Institute, a US think tank that advocates the classical liberal position on economics and other topics. 

Deist had been president of the Mises Institute since 2013. Before that, he was chief of staff for congressman Ron Paul, and worked in private equity, mergers and acquisitions, and tax law. 

Monetary Metals leases gold from investors who own it and then sub-leases it to businesses that need it, typically for inventory or work-in-progress. Gold owners earn a return rather than paying storage costs.

“Our vision is that everyone can save, earn, and finance production in gold. Jeff shares this vision and has the skills and experience to help us execute on it,” said Keith Weiner, CEO of Monetary Metals.  (Weiner has been interviewed by this news service to discuss inflation, interest rates, the case for gold, and his firm’s specific business model.)

Deist will join Monetary Metals full-time in May.

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