2 Raymond James execs stepping down from top posts

President John Carson is retiring at year-end, while Canadian head Paul Allison will become executive chairman.

In moves that will reshape its executive leadership, Raymond James Financial President John Carson will retire as president at the end of the month and Paul Allison, chairman and CEO of the firm’s Canadian subsidiary, will cede his roles and transition to the new position of executive chairman, also at year-end.

Carson, who was formerly CEO at Morgan Keegan, which Raymond James acquired in 2012, will also step down as head of the firm’s fixed income and public finance divisions.

Horace Carter, currently executive vice president of fixed income capital markets, will succeed Carson as president of fixed income and join the firm’s executive committee. Gavin Murrey, executive vice president and head of public finance and debt investment banking, will continue to run public finance and report to Carter. The company’s release on the executive changes did not say whether the position of president at Raymond James Financial will be filled.

In Canada, Jamie Coulter, currently executive vice president of wealth management, will succeed Allison as Raymond James Ltd.’s chief executive. In addition, Coulter will join its executive committee, the board of Raymond James Ltd. and be responsible for day-to-day operations.

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