Raymond James Financial Chairman and CEO Tom James introduced some 1,500 Raymond James independent advisors to his successor, Paul Reilly, at an advisor event on March 5.
Reilly will join the firm as president on May 1 and is set to become CEO one year later.
He joined the company’s board in 2005 and is currently serving as executive chairman of Korn/Ferry International, a global search firm. He also has led KPMG International, which included some 100,000-plus employees and sales of $12 billion.
“I grew up in St. Petersburg [Fla., where Raymond James is based] and worked many years in the financial-services industry,” Reilly said in a statement. “During that time, I have witnessed Raymond James transform from an impressive local business to one of the country’s largest securities firms. I have long had a special affinity and admiration for the company, and my regard for Raymond James and its executive team has only grown during my tenure as a board member.”