Raymond James Financial named Bella Loykhter Allaire, formerly chief information officer of UBS, its new head of technology and operations late Thursday.
“Bella has a wealth of technology, service delivery and industry experience,” said Raymond James CEO Paul Reilly (left) in a press release. “She has led technology development, infrastructure and architecture efforts at some of our industry’s largest and most respected firms, which will serve Raymond James’ commitment to excellence in both client service and technology platforms for our advisors and capital markets professionals.”
According to Raymond James, Allaire began her career at Prudential Securities and later became executive vice president and chief information officer of the firm, which was acquired by Wachovia in 2003. Allaire joined UBS in 2006 and recently served as a managing director and CIO. Before UBS (and after Pru), she worked as a consultant to Morgan Stanley and as CEO of Wealthigen.
She will join the St. Petersburg, Fla.-based firm on June 20 and will report directly to Reilly.
Allaire’s appointment should allow Raymond James Chief Administrative Officer Angela Biever to focus on more on human resources, legal, and procurement and facilities – and oversee the firm’s Assistant to the Chairman program, the company says. She will also be acting head of HR, following the recent departure of former HR Director Pam Ward.
In addition, Chief Risk Officer George Catanese will now report directly to Reilly rather than to Biever, reflecting regulatory changes and industry best practices, the company says.
“These organizational changes reflect our evolution as an organization as well as our strategic growth plans for the future,” Reilly explained in a statement. “More important, they demonstrate our dedication to supporting our clients and their private client advisors, capital markets professionals, and asset managers with the highest levels of service in the industry.”
Through its various channels, Raymond James Financial Services has about 5,300 financial advisors in the United States, Canada and United Kingdom and about $282 billion of assets under administration.