Raymond James Appoints Kim Jenson as Interim CEO Amid CEO Departure

Strategic Insights -

Kim Jenson has been appointed as the interim CEO of Raymond James Wealth Management and Charles Stanley, subject to regulatory approval, following CEO Paul Abberley's departure. Jenson will oversee the Raymond James UK wealth management business while an external search for a permanent CEO is underway. Peter Moores remains CEO of Raymond James Investment Services. The Board of Directors is confident in Jenson's ability to lead the integration of the two businesses, citing her client-focused leadership and experience in managing complex business integrations.

Key Takeaways:

  • Kim Jenson has been appointed as the interim CEO of Raymond James Wealth Management and Charles Stanley, subject to regulatory approval, following CEO Paul Abberley's departure.
  • Jenson joins from Raymond James Financial, Inc. in the US, where she was Chief Operating Officer for Raymond James' US Private Client Group, a business with over $1.5 trillion in assets under administration.
  • Jenson brings over 40 years of experience to the role, including eight years at Raymond James, where she managed complex business integrations and demonstrated client-focused leadership.
  • The Board of Directors is confident in Jenson's ability to lead the integration of the two businesses, citing her business acumen and leadership experience.
  • An external search for a permanent CEO is underway, with Peter Moores remaining as CEO of Raymond James Investment Services.
  • Raymond James Wealth Management (RJWM) and Charles Stanley & Co. (CSC) have announced the appointment of Kim Jenson as interim CEO, subject to regulatory approval.

Statistics:

  • $1.5 trillion: Assets under administration of Raymond James' US Private Client Group.
  • 40 years: Jenson's total experience in the industry.
  • 8 years: Jenson's tenure at Raymond James.
  • $1.5 trillion: Assets under management of the wider Raymond James Group.
  • £40 billion: Assets under management and administration of RJWM and CSC.
  • £18.18 billion: Client assets under management in the UK.

Sources:

  • Raymond James Investment Services Limited
  • Contify.com
  • "Raymond James Investment Services Limited"