Raymond James Shuffles Leadership as Bank Segment Chief Steps Down
Event summary
- Steve Raney, Bank Segment President, transitions to executive consulting role on January 1, 2027, after 21 years.
- Scott Curtis, current COO, takes over leadership of the Bank Segment.
- Bank Segment revenue grew from $41M in 2006 to $1.8B in 2025 under Raney's leadership.
- Tarek Helal, Chief Strategy Officer, will also oversee Asset Management Services (AMS) starting January 1, 2027.
The big picture
Raymond James is realigning its leadership to support growth in its banking and asset management divisions, reflecting broader industry trends toward consolidation and digital transformation in financial services. The transition underscores the firm's long-term succession planning and its focus on maintaining a client-first approach amid increasing competition in wealth management and banking.
What we're watching
- Leadership Transition
- How Scott Curtis will navigate the Bank Segment's growth trajectory after Raney's departure.
- Strategic Realignment
- Whether the additional leadership focus on AMS will drive meaningful growth.
- Execution Risk
- The pace at which Raymond James can integrate technology investments into its banking and asset management divisions.
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