The Raymond James Financial board of directors announced that as part of its multi-year succession planning process, effective immediately, Paul Shoukry, CFO, is appointed president of Raymond James Financial.
He is expected to become the firm’s CEO sometime during fiscal 2025 after a transition period. Once the planned succession process is complete, Shoukry will become only the fourth chief executive in the company’s history, and Paul Reilly, current chair and CEO, would remain on the board as executive chair. Shoukry will retain his current responsibilities until he transitions to the CEO role.
Shoukry started with Raymond James 14 years ago working for Tom James and Paul Reilly in the assistant-to-the-chair program. Serving as the firm’s CFO since January 2020, Shoukry is responsible for the overall financial management of the company, including balance-sheet management, financial reporting, investor relations, corporate development, corporate tax, cash manag