Raymond James names Butch Oorlog as next chief financial officer amid leadership changes

In March, the company tapped Shoukry as its next CEO, added the role of president to his responsibilities and promoted several executives.

Raymond James shares rose 0.4% to $124.16 on Thursday afternoon. The S&P 500 was little changed, up 0.02%.

Current CEO Paul Reilly, who plans to retire before October 2025, told analysts Thursday morning that the leadership changes mean continuity within the company’s ranks. “You see people stepping up,” he said. “This is truly the same (team) leadership and talent that we have seen for many years.”

In addition to Oorlog’s appointment, Raymond James said that Tom Walrond, a branch executive, has been named president of Raymond James & Associates’ private client group. Walrond succeeds Tash Elwyn, who will be promoted to president of the firm’s Private Client Group, which includes the firm’s employee advisor and independent advisor business units.

The company also announced that Steve Raney, CEO of Raymond James Bank, was promoted to oversee the banking segment and became executive chairman of Raymond James Bank. Amanda Stevens, chief operating officer and strategy officer, will become chief executive officer of Raymond James Bank.

Steve Hufford, chief operating officer of investment banking at Raymond James, will assume the role of head of investment banking following the appointment of Jim Bunn as president of the capital markets segment.

Bella Allaire, executive vice president of technology and operations, will become chief administrative officer. She is succeeded by Vin Campagnoli, Chief Information Officer. Andy Zolper will succeed Campagnoli as chief information officer.

Tarek Helal, senior vice president of investments and strategy, has been named to the new position of chief strategy officer of Raymond James. According to the company, he will oversee corporate development, cash solutions and cross-border operations, as well as oversight of new products and new business.

According to the company, all appointments announced on Wednesday will take effect on October 1.

Raymond James based in St. Petersburg, Florida, runs a large wealth management firm with approximately 8,800 financial advisors and $1.45 trillion in client assets.

Write to Andrew Welsch at [email protected]