Raymond James said Wednesday that its employee channel has hired UBS executive Kim Jenson to serve as the group’s chief operating officer.
Jenson, who has been a manager of the Chicago-area operations for UBS for a year and led the Chicago complex before that, has been in the financial services industry for more than 30 years. She joined Piper Jaffray in 1991 and served as regional head of the Midwest and West for the firm; its private client business became part of UBS in 2006.
Starting July 17, she will fill the role previously held by Tom Walrond, who is set to head up the Eastern Division for Raymond James & Associates.
“What set Kim apart among the great candidates was her experience,” which included many years with both a regional and national firm, said Tash Elwyn, head of RJA’s Private Client Group, in an interview. Jenson also stood out for “her shared values and cultural fit with Raymond James.”
Elwyn said the firm’s conviction that it had made the right choice “was affirmed immediately as we made the internal announcement.”
Fan mail poured in from Raymond James’ advisors and other employees, as well as from outside the firm as the news spread, he said: “We were told we’d made a phenomenal choice – which is just fantastic to see – based on how many fans she has from her many years in the business.”
What will the new COO’s work be? “She’ll partner with me to help support our divisional, regional and branch managers in serving and supporting our advisors as they serve their clients and grow their practices,” Elwyn explained.
Raymond James & Associates had about 2,800 advisors in roughly 280 locations across the country as of Dec. 31.
“Our women advisors are thrilled to see her join us,” Elwyn said.