TORONTO, May 22, 2013 /CNW/ - Raymond James Ltd., the Canadian arm of
North American investment dealer Raymond James Financial Inc., today
announced that effective June 18, 2013, industry veteran, David Burnes,
will join the firm as Senior Vice President to lead its Correspondent
Services business. He will be based in Toronto.
"David brings an exceptional pedigree and reputation for forging strong
client relationships and delivering integrated custodial solutions to
many of Canada's leading wealth management firms," said Paul Allison,
CEO of Raymond James Ltd. "We believe the time is ripe to offer an
enhanced version of our Correspondent Services Business and provide
wealth management firms in Canada with a competitive independent
alternative. Plus, the opportunity to add such a well-respected partner
to lead our efforts is integral to our ability to better serve
Portfolio Management firms and other Correspondent Services clientele."
Burnes joins Raymond James Ltd. from National Bank of Canada where he
was the Chief Operating Officer of NB's Correspondent Network (NBCN)
and instrumental in growing that business over the past 20 years. "I
plan to bring that same focus, enthusiasm and passion for serving my
clients to my new role at Raymond James," says Burnes. "It's exciting
to be part of a North American powerhouse that enables Canadian wealth
management firms to benefit from world class solutions delivered
Raymond James Correspondent Services will provide Canadian wealth
management firms end-to-end solutions for their custodial and clearing
needs, or stand-alone services including: custody, compliance,
governance, asset management, equity research, technology, strategy and
"Raymond James is a unique firm and its abilities go above and beyond
simply efficient clearing and execution for clients'" explains Burnes.
"It's about providing clients an independent alternative with the
freedom and capability to deliver customized solutions as a strategic
partner. It's about helping clients build successful businesses and
successful client relationships, their way."
About Raymond James Ltd.
Raymond James Ltd. is the Canadian arm of Raymond James Financial, Inc.,
one of North America's leading full service investment dealers. The
firm offers an extensive range of professional investment services and
products including: private client services, financial and estate
planning, portfolio management, insurance, equity research, investment
banking and institutional sales and trading.
Through its network of approximately 6,200 Financial Advisors across
Canada, the United States and key international centres, Raymond James
serves over 2.4 million clients and manages more than $407 billion in
client assets under administration. For more information about Raymond
James, please visit our web site at: www.raymondjames.ca.
SOURCE: Raymond James Ltd.
For further information:
For media inquiries, please contact:
F. Peter Kahnert
Senior Vice President, Corporate Communications & Marketing
Raymond James Ltd.
Tel: (416) 777-7063
For more information about the Raymond James Correspondent Services, please contact:
Senior Vice President, Correspondent Services
Raymond James Ltd.
Tel: (416) 777-6418