Raymond James Financial (NYSE:RJF) announced today that Bank Segment President Steve Raney will transition into an executive consulting role on January 1, 2027, after 21 years of leading the firm’s banking business. As part of the firm’s long-term succession plans, RJF Chief Operating Officer Scott Curtis will lead the Bank Segment.

Raney will work closely with Curtis and the Bank Segment leadership to ensure a thoughtful and orderly transition. Beyond the transition, he will continue to serve as chair of the Raymond James Bank board and a member of the TriState Capital Bank board and Raymond James’ two trust company boards, as well as a member of select bank committees. Curtis has served on the Raymond James Bank board since 2019.

In addition to the Bank Segment, Curtis will continue overseeing Raymond James Investment Management, Marketing, Corporate Real Estate, and Office and Procurement Services.

As part of the transition, Chief Strategy Officer Tarek Helal will oversee the Asset Management Services (AMS) division, effective January 1, 2027, in addition to his current responsibilities.