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Wall Street moves: Raymond James CFO to retire; Ex-JPMorgan adviser launches RIA


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Wall Street moves: Raymond James CFO to retire; Ex-JPMorgan adviser launches RIA

S&P Global Market Intelligence presents a weekly rundown of selected executive management changes among the major Wall Street investment banks and other notable moves. The changes are listed by announcement date in reverse chronological order.

March 20

Bank of America Corp. named Mark Schwille and Tom Barsha as co-heads of the company's Asia-Pacific M&A business, Reuters reported. Schwille most recently was the company's head of Asia M&A, excluding Japan, while Barsha was a managing director in the M&A team.

March 19

Jeffrey Julien is set to retire as CFO of Raymond James Financial Inc. on Dec. 31 after serving in the position for more than 32 years. Paul Shoukry, who is treasurer and senior vice president of finance and investor relations, will succeed Julien, effective Jan. 1, 2020. Effective March 19, Senior Vice President and Chief Accounting Officer Jennifer Ackart will replace Richard Franz as CFO of unit Raymond James & Associates Inc.


Andrew Graham launched advisory firm Jackson Square Capital, a privately held registered investment adviser which currently advises over $250 million in assets under management. Previously, Graham was a managing director and portfolio manager at J.P. Morgan Securities LLC.

March 18

James Farley, who previously worked at Investment Technology Group, was named Cowen Inc.'s managing director and head of investor relations.


Bob Casey and Robert Jackman were named managing directors in UBS Group AG's U.S. technology investment banking team, Bloomberg News reported. Casey previously worked at SunTrust Banks Inc. unit SunTrust Robinson Humphrey Inc., while Jackman joins from Outvest Capital LLC.


Jim Alfaro, who joined Maxim Group LLC in June 2007, was named senior managing director and head of healthcare investment banking.

March 17

PJT Partners Inc. unit PJT Camberview hired James Hamilton as a director to work on governance issues, Reuters reported. Hamilton joins from BlackRock Inc., where he was part of the investment stewardship team.

March 15

Boston-based advisers John Mara and Shaun Feldeisen, who most recently managed $200 million in assets at Northwestern Mutual Investment Services LLC, joined Bleakley Financial Group, InvestmentNews reported. Bleakley Financial is overseen by the Private Advisor Group, an office of supervisory jurisdiction affiliated with LPL Financial LLC.


On May 20, Goldman Sachs & Co. LLC will lay off 65 employees in New York due to economic factors, according to a Worker Adjustment and Retraining Notification.


JPMorgan Chase & Co. and Citigroup Inc. are replacing their small-size corporate bond transactions, or odd lots, staff with algorithms, according to Business Insider. At Citigroup, eight corporate bond retail desk traders were replaced by an electronic bond trading platform, while a team of less than five odd lots traders was absorbed into the larger credit trading group at JPMorgan.

March 14

Advisers Gregory Stevens and Vince Spires, who previously managed $240 million in assets at Morgan Stanley, joined the employee unit of Raymond James Financial Inc., InvestmentNews reported.