Raymond James Financial, Inc. (NYSE:RJF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 18, 2019, Jeffrey P. Julien notified Raymond James Financial, Inc. (the “Company”) of his decision to retire as the Company’s Chief Financial Officer on December 31, 2019, after having served in his current role for 32 years.He is expected to continue to serve as executive vice president of finance and as a senior adviser for a period of time to ensure the successful transition of responsibilities.
The Company also announced that Mr. Paul Shoukry (35) will become Chief Financial Officer, effective January 1, 2020. Mr. Shoukry currently serves since February 2018 as treasurer and since January 2017 as senior vice president of finance and investor relations, overseeing the firm’s capital and liquidity planning, stress testing, debt issuance, cash management, broker/dealer regulatory reporting, investor relations and financial planning and analysis functions. He is a member of the Company’s Operating Committee, Asset-Liability Committee, Capital Planning Committee, Enterprise Risk Management Committee and Disclosure Committee. Mr. Shoukry, a vice president since July 2012, joined the Company in its Assistant to the Chairman program in 2010. Prior to joining the Company, Mr. Shoukry was a commercial banker and management consultant. Mr. Shoukry graduated magna cum laude with bachelor’s and master’s degrees in accounting from The University of Georgia and holds an MBA from Columbia University. He is a Certified Public Accountant, a Certified Treasury Professional and holds Series 7 and 27 licenses.
There are no arrangements or understandings between Mr. Shoukry and any other person to which he was selected as an officer. Mr. Shoukry does not have any family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Shoukry has an interest requiring disclosure under Item 404(a) of RegulationS‑K.
The Corporate Governance, Nominating and Compensation Committee of the Company’s Board of Directors will approve the compensation of Mr. Shoukry in connection with his new role at a later date.
A copy of the press release issued by the Company in connection with the above is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is filed as an exhibit to this report:
Exhibit No.
RAYMOND JAMES FINANCIAL INC Exhibit
EX-99.1 2 ex991_rjfreleasemarch192019.htm EXHIBIT 99.1 PRESS RELEASE DATED MARCH 19,…
To view the full exhibit click here
About Raymond James Financial, Inc. (NYSE:RJF)
Raymond James Financial, Inc. (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.
