Change At Top Of Raymond James' Alex. Brown Division
The Florida-based firm has announced a change of leadership.
The president of Raymond James’ Alex. Brown division, Haig Ariyan, who has also been heading global wealth solutions, has decided to pursue an opportunity outside the firm. His departure is effective July 15.
Alex. Brown and global wealth solutions chief operating officer Michael Tormey, along with John Sutton and Brett Kellam, both Alex. Brown managing directors, will report to Raymond James & Associates president and CEO Tash Elwyn, Raymond James said in a statement yesterday.
“Haig has been instrumental in the successful integration and subsequent growth of the Alex. Brown business following the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management in 2016,” Raymond James chair and CEO Paul Reilly, said. “He has been a distinguished leader, cultivating and developing strong management teams, which will help ensure smooth transitions. I have every confidence in the continued success of both Alex. Brown and our Global Wealth Solutions team and wish Haig well in his future endeavors.”
In line with the firm’s succession plans, Bill Seugling, managing director of the firm’s investment solutions group, has been appointed head of global wealth solutions, reporting to Raymond James’ private client group president Scott Curtis.
Tormey joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was COO. He joined Deutsche Bank in 2004 and began his career at Bankers Trust Company in 1992. Seugling also joined the firm in the acquisition of the Deutsche Asset & Wealth Management deal, where he was managing director. He joined Deutsche Bank in 2008 and began his career at Greenwich Associates in 1991.
Sutton, who also came to Raymond James via the same route, joined Deutsche Bank in 2013. He began his career as a practicing attorney with Donovan Leisure Newton & Irvine in 1993.
Rounding out the joiners, Kellam also joined via the Deutsche deal. He joined Deutsche Bank in 2009 and began his career at Paine Webber in 1981.