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,