Jenson is currently Raymond James & Associates PCG chief operating officer, the firm said in a statement yesterday.

With this change, she will be responsible for a range of US private client group business development, education, strategy and support functions across all affiliation options. She joined Raymond James two years ago.

Before joining the firm, Jenson was a managing director in UBS Financial Services’ Chicago market, where she was responsible for business development, risk management and recruitment. She previously served as chief of staff for the chief executive of UBS Wealth Management Americas, and began her career there as a divisional manager. Before joining UBS, she spent 15 years with Piper Jaffray as a regional director for the Midwest and West regions based in Minneapolis and Denver.

Raymond James, which operates in North America, the UK and Australia, said in March that its executive vice president, finance and chief financial officer, Jeff Julien, is to retire at the end of this year. The firm, based in St Petersburg, Florida, has also brought over a number of wealth management teams from across the US.

The company reported net revenues of $1.93 billion and net income of $249 million, or $1.69 per diluted share, for the quarter ended December 31 last year. Private Client Group assets under administration reached $690.7 billion at the end of last year, unchanged from a year earlier, and fell by 9 per cent from September 2018 as a result of weaker equity markets. The firm bought M&A specialist Silver Lane Advisors in January.