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Raymond James Names New General Counsel

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Raymond James (RJF) says it will have a new general counsel and corporate secretary, after Paul Matecki retires in late September.

Matecki, who has been with the firm for more than 26 years, is being replaced by Jonathan Santelli. Santelli most recently was deputy general counsel of First Republic Bank in California and is set to begin work at the firm in May.

“As our search progressed, it became clear that Jonathan is the right choice for this important role,” said Raymond James COO Dennis Zank. “We look forward to his leadership as we tackle the industry’s complicated and evolving regulatory challenges.”

Indeed. Santelli will have to unpack his moving boxes quickly and hit the ground running as Raymond James and other broker-dealers gear up for the expected new fiduciary standard, set to be released soon by the Department of Labor. He will be working in tandem with Matecki for five months.

Prior to his time with First Republic Bank, which he joined in October 2013, Santelli served as managing director and associate general counsel at Bank of America (BAC). This work included acting as general counsel for the preferred and small business banking and private wealth management business units, and as managing director and head of strategic mergers and acquisitions at Merrill Lynch,

In this second role, Santelli advised two Merrill CEOs on large deals, including the firm’s merger with Bank of America. He began work at Merrill Lynch in January 2000.

As for Matecki, he was recruited by Raymond James in 1989 “to build the legal department in support of the firm’s rapid growth,” according to the firm.

“In an industry that operates under constant legal and regulatory scrutiny with evolving and sometimes uncertain rules, Paul has helped Raymond James navigate these waters with a steady hand and our stakeholders’ best interests at heart throughout his career,” said Raymond James CEO Paul Reilly, in a press release. “The firm leaned heavily on his expertise, and he will be greatly missed.

Raymond James has some 6,700 employee, independent and other advisors servicing clients in the U.S., Canada and overseas.

— Check out FINRA Fines Raymond James for Violating Customer Privacy on ThinkAdvisor.


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