Raymond James said Chief Financial Officer Jeff Julien — who has been with the firm since 1983 — will retire at year-end. He is set to be replaced by Paul Shoukry, the firm’s treasurer and senior vice president of finance and investor relations.
“Jeff has had an extraordinary career, serving over 32 years as Raymond James’ CFO, during which time we have enjoyed 124 consecutive quarters of profitability,” according to Chairman and CEO Paul Reilly.
“In addition to leading our finance function during a remarkable period of organic and acquired growth, Jeff also oversaw the formation and development of Raymond James Bank, which represented 38% of the firm’s pretax income this past year,” the executive added.
As part of Julien’s retirement, he will remain a director on the bank board and a member of several management committees.
In a related development, Jennifer Ackart, senior vice president and chief accounting officer, has been tapped as CFO of the firm’s employee advisors channel. This post was previously held by Richard (Rick) Franz, who retired earlier this year.