Raymond James has announced that its president, Paul Shourkry, will be officially appointed as CEO on Feb. 20, completing the succession plan first outlined in March.
At that time, board chair and CEO Paul Reilly will step down from his CEO responsibilities and become executive chair.
“Raymond James has an extraordinary history and has been built on time-tested values that we will always embrace,” Shoukry said in a statement. “My confidence in our outlook lies in our people — our leadership team, the financial advisors and associates who are all aligned on our mission of helping clients achieve their financial objectives.”
Reilly said he had full confidence in the transition timeline, noting that Shourkry’s attributes as a business leader made him an “ideal CEO candidate.”
“With Paul and our proven leadership team, I couldn’t be more confident in the future of the company,” Reilly said.
