trending Market Intelligence /marketintelligence/en/news-insights/trending/G4w-Pu7ew79CIBtZS0iUug2 content esgSubNav
In This List

Raymond James CEO still open to deals


Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Investment Banking Essentials Newsletter April Edition - 2022


Banking Essentials Newsletter April Edition - 2022

Raymond James CEO still open to deals

Raymond James Financial Inc. CEO Paul Reilly said his company continues to look for acquisitions.

During an earnings conference call, Reilly noted that the broker/dealer in 2016 executed an acquisition in Europe for an M&A advisory company, Munich-based Mummert & Company Corporate Finance GmbH. He said Raymond James would continue to explore acquisition opportunities to expand its M&A advisory business.

Reilly added that the company has looked at possible deals in the asset management space. He said the market is challenged, but some segments of the active management business are still valued.

"We continue to analyze those," he said.

Raymond James has been active on the M&A front for securities and investment deals. In September 2016, Raymond James closed the acquisition of its Alex. Brown business, which was the U.S. private client services unit of Deutsche Bank AG's New York-based asset and wealth management business. In August 2016, Raymond James closed its acquisition of Montreal-based MacDougall MacDougall & MacTier Inc., which provides investment management and other services to private investors.

Reilly said the company would address capital deployment during a board meeting in February. However, he said Raymond James would remain disciplined when it comes to deals.

"We keep looking at capital deployment, but also for the right opportunities," he said.