Raymond James Ltd. Hires Paul Allison As Co-President and Co-Chief Executive Officer

    TORONTO, June 19 /CNW/ - Investment Dealer Raymond James Ltd., the
Canadian arm of North American investment dealer Raymond James Financial,
Inc., today announced that Paul Allison will join the firm effective August
4th, 2008 as Co-President and Co-Chief Executive Officer. Paul will partner
with existing President and CEO, Peter Bailey, in growing Raymond James'
Equity Capital Markets and Private Client businesses in Canada.
    Paul Allison brings more than 20 years of senior capital markets
experience to this role. Most recently, he served as Executive Vice President
and Vice-Chairman at Merrill Lynch Canada, as well as Co-Head of the firm's
Investment Banking business from 2001 to the present. Prior to joining
Merrill, Paul was Head of Equity Capital Markets at BMO Nesbitt Burns where he
worked from 1994 to 2001.
    "Paul is widely respected and admired across the investment industry in
Canada," says Peter Bailey. "Working together with our existing strong team of
professionals, we believe Paul's addition will make an immediate impact in
accelerating our growth efforts in winning mandates and building client
relationships in all of our businesses, and especially within capital
    An active volunteer in various charitable and industry organizations,
Paul sits on the Corporate Finance Committee of the Investment Industry
Regulatory Services of Canada (formerly known as the Investment Dealers
Association); McMaster University's Business Advisory Council and Trading
Floor Advisory Committees; as well as the Humber River Regional Hospital's
Board of Directors.
    "Raymond James has a strong reputation for its high level of integrity,
client focus, and performance on both sides of the border," says Paul Allison.
"I look forward to working with my new colleagues to help fully leverage our
unique ability to deliver borderless solutions to individual and institutional
investors, as well as to corporate issuers."

    Raymond James is a leading North American independent full service
investment dealer offering a full 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
4,850 Financial Advisors across North America and in key international
centers, Raymond James serves more than 1.7 million individual clients and
manages more than $216 billion in client assets under administration. For more
information about Raymond James, please visit our web site at:

For further information:

For further information: Peter Kahnert, Senior Vice President, Corporate
Communications & Marketing, Raymond James Ltd., Tel: (416) 777-7063,
peter.kahnert@raymondjames.ca; Raymond James Ltd., 5300-40 King Street West,
Scotia Plaza, Toronto, Ontario, M5H 3Y2, (416) 777-7000 Phone, (416) 777-7020
Fax, Member of Canadian Investor Protection Fund

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