Peter Moores has been named CEO of Raymond James Ltd., pending regulatory approval.
Moores is currently CEO of Raymond James Financial Inc. in the U.K. He’s served the business there in various roles since joining in 2004, covering wealth management and investment banking.
For now, interim CEO Paul Allison, who was appointed in September after 30-year Raymond James veteran Jamie Coulter stepped down, will remain CEO.
Once Moores is approved by the Canadian Investment Regulatory Organization for his new post, he will report to Paul Reilly, executive chair of Raymond James Financial (RJF).
In a release, Allison said Moores brings a “well-earned reputation as a champion for advisors” and a track record for growing the business.
“Raymond James Ltd. is at a positive inflection point in its growth thanks to a combination of strategic investments in technology and the quality of advisors who join us for the freedom to run their business with support from the firm — and no cross-selling requirements,” Moores said in a release.
Paul Shoukry, CEO of Raymond James Financial, said Moores’ appointment reflects the firm’s confidence in future growth in Canada and its appeal to advisors.
“RJF’s focus on the long term extends to Canada where we continue to invest in our platform and new capabilities that will benefit our advisors,” he said.
Before joining Raymond James, Moores held leadership roles in the institutional, asset management and retail brokerage sectors. He started his career with Chase Manhattan Bank in New York, later becoming vice-president and regional sales director for Europe for JPMorgan Chase’s asset management and mutual funds business.