Raymond James Financial's CFO To Retire; Successor Named

Editorial Staff

20 March 2019

Jeff Julien, who is the chief financial officer of US-listed Raymond James Financial, the firm operating in the US, Canada, the UK and Australia, is leaving the firm at the end of this year.

Julien will continue to serve as executive vice president of finance and as a senior advisor for a period of time to ensure that his responsibilities are smoothly transferred, the firm said in a statement yesterday.

His career at Raymond James began in 1983 after working as a CPA for Price Waterhouse in Tampa, Florida. He is chairman of the board of Raymond James Bank and serves as a director for many of the firm’s other subsidiaries. Julien will remain a director on the bank board and will continue to serve on several management committees.

Steve Raney, president and CEO of Raymond James Bank, who reports to Julien, will report to chairman and CEO Paul Reilly, with effect from January 1, 2020.

Reilly announced that from January 1, 2020, the firm’s current treasurer and senior vice president of finance and investor relations, Paul Shoukry, will become CFO.

In addition, Jennifer Ackart, senior vice president and chief accounting officer, was named CFO of the company’s Raymond James & Associates subsidiary, with immediate effect. This position was previously held by Richard Franz, who retired in January.