Raymond James' Banking Arm Reaches Five-year Milestone in Canada, Surpassing $2 Billion in Loan Commitments
Apr 25, 2017, 09:45 ET
TORONTO, April 25, 2017 /CNW/ - Raymond James Finance Company of Canada Ltd., the Canadian subsidiary of Raymond James Bank, National Association, recently celebrated its five-year anniversary of providing corporate banking solutions to mid-market and large cap borrowers in Canada.
Since adding lending to its Canadian capabilities in 2012 via the acquisition of Allied Irish Bank's Canadian platform, Raymond James recently surpassed $2 billion in loan commitments to industry-leading companies active in a broad range of sectors across the country.
"Taking a disciplined and measured approach, we have steadily grown our business and team. Today, our client- partner relationships span from coast-to-coast and have never been stronger or more diversified," says Daniel Simunac, Managing Director & Principal Officer, head of Raymond James' lending efforts in Canada. "Borrowers include the leading public, private and institutional companies and sponsors in Canada, including many of our firm's capital markets clients."
"Raymond James continues to build upon its existing firm-wide capabilities which include investment banking, institutional sales and trading, and a very robust private client business", says Paul Allison, Chairman & Chief Executive Officer of Raymond James Ltd., the firm's full-service Canadian investment dealer. "The continued growth and success of our firm's lending business is another example reinforcing Raymond James among the leading financial institutions in Canada."
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,100 financial advisors serving in excess of 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are approximately US$637 billion. Raymond James Ltd. serves the capital markets needs of Canadian corporate and institutional clients, and oversees approximately $40 billion in client assets on behalf of individual investors and their families through a network of 483 financial advisors working out of 123 locations across Canada.
For more information about Raymond James, please visit our web site at: www.raymondjames.ca.
SOURCE Raymond James Ltd.
For further information: Peter Kahnert, Senior Vice President, Corporate Communications & Marketing, Raymond James Ltd., Tel: (416) 777-7063, [email protected]; Daniel Simunac, Managing Director & Principal Officer, Raymond James Finance Company of Canada Ltd., Tel: (416) 777-6399, [email protected]
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