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Tom Walrond Raymond James & Associates
Tom Walrond has been named president of Raymond James & Associates

Raymond James Names New Head of Advisor Employee Channel

Tom Walrond, senior vice president and division director, will replace Tash Elwyn as president of Raymond James & Associates, among other senior leadership changes.

In March, Raymond James announced that CFO Paul Shoukry would succeed Paul Reilly as CEO in fiscal 2025, with Reilly remaining on the board of directors as executive chair. That triggered a number of senior executive leadership changes, including the firm naming current chief accounting officer Butch Oorlog as Shoukry’s replacement as CFO this week.

The firm also promoted Tom Walrond, a senior vice president and division director, to president of Raymond James & Associates, the firm’s employee affiliation model. He replaces Tash Elwyn, who was appointed president of the company’s Private Client Group. Scott Curtis, who was promoted to chief operating officer, previously filled that role.

Bella Allaire, executive vice president of technology and operations, will become the chief administrative officer, responsible for business process innovation and service enhancement initiatives. The technology, operations and branch change management teams will still report to her.

Vin Campagnoli, chief information officer, will succeed Allaire as executive vice president of technology and operations. Andy Zolper, COO of technology, will fill his role.

The company has also tapped Tarek Helal, senior vice president of investments and strategy, to serve as chief strategy officer, a new position. He’ll oversee corporate development, cash solutions, cross-border activities, and new product and business oversight.

Steve Raney, CEO and chair of Raymond James Bank will now oversee the bank segment and become executive chairman of Raymond James Bank, with Amanda Stevens succeeding him. The firm has also promoted Steve Hufford, COO of investment banking, to head of investment banking, replacing Jim Bunn, who was named president of the capital markets segment.

The leadership changes are part of a “multi-year succession planning process,” the company said. 

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