Following the closing of its acquisition of Morgan Keegan, Tash Elwyn, president of Raymond James & Associates Private Client Group, announced Tuesday a hiring and a geographic reorganization within RJA, the employee broker-dealer subsidiary of Raymond James Financial (RJF).
In an interview, Elwyn said the realignment “reflects a balanced integration of the talented leadership” at RJA and Morgan Keegan that will help “support our growth plans” while also “maintaining a level of intimacy and responsiveness” to advisors. He mentioned specifically two former Morgan Keegan executives who will be co-division directors of the southern division of RJA, Dick Ferguson and Bill Geary, who he said had done “a great job supporting and retaining their financial advisors, especially within the past six months” since Morgan Keegan was put up for sale.
Elwyn also announced that the 20-year Raymond James veteran Erik Fruland (right) has been named chief operating officer and senior vice president of RJA Private Client Group, replacing Scott Curtis, who was previously named president of RJFS.