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Raymond James Financial CFO to retire; successor named

Raymond James Financial Inc. CFO Jeffrey Julien will retire Dec. 31 after being in the position for more than 32 years.

Julien will be succeeded by Paul Shoukry, effective Jan. 1, 2020. Shoukry currently serves as the investment banking company's treasurer and senior vice president of finance and investor relations.

In addition, Jennifer Ackart, senior vice president and chief accounting officer, was named CFO of unit Raymond James & Associates Inc., effective March 19. This position was previously held by Richard Franz, who retired in January.