Chet Helck, CEO of Raymond James’ Global Private Client Group and a company board member, said on Jan. 9 that he will retire in February. He has been with the firm for 25 years and will stay on as a special advisor through year-end as needed.
“Chet has been a very strong leader for our organization. He was our first head of a combined Private Client Group (PCG) and has managed our core business through challenging markets while delivering consistently excellent results,” said Raymond James CEO Paul Reilly in a press release.
Helck, 61, represents Raymond James on the board of directors of the Securities Industry and Financial Markets Association (SIFMA) and served as the group’s chairman in 2012.
Raymond James said that Scott Curtis, president of its independent advisor channel, and Tash Elwyn, president of its employee advisor channel, will join the firm’s Executive Committee upon approval of the board at its February meeting.
“I have been privileged to help lead one of the industry’s finest companies,” Helck said in a press release. “Raymond James is well-established as the destination for the best advisors in the industry. Tash and Scott are well-prepared, and I am proud of the management team we have built together.”
Raymond James has seen several key leaders retire in recent years.
Dick Averitt, formerly CEO of the independent advisor channel, retired from that role in 2012. He remained chairman of that unit through the end of 2013.
Former CEO Tom James passed the baton to Reilly in May 2010, one year after Reilly began acting as president and CEO-designate.