Raymond James Financial President John Carson will retire as president effective Dec. 31, the firm announced on Monday.
Carson will also step down as head of the fixed income and public finance divisions, but will remain as vice chairman to ensure a smooth transition of power.
Horace Carter, executive vice president of fixed income capital markets, will succeed Carson as president of fixed income and join the firm’s executive committee.
“I’m deeply grateful to John for his leadership, counsel and the many tangible contributions he has made to Raymond James during his nearly 10-year tenure,” Chairman and CEO Paul Reilly said in a statement.
“When we purchased Morgan Keegan, where John was CEO, in 2012, we knew we were also bringing in an outstanding leader and visionary who could help us continue to grow and adapt to evolving client needs,” Reilly said. “His skill as a business leader is eclipsed only by his compassion and thoughtful approach to working with people. He will be sorely missed.”
Carson joined Morgan Keegan in 1994 and became the CEO in 2008. He began his career at Chase Manhattan Bank. He later joined Morgan Stanley and briefly worked for Security Pacific.
Carter began his career with Morgan Keegan in 1993. He joined Raymond James during the acquisition where he worked in the fixed income trading group and rose to become co-head of the fixed income capital markets division in 2019. He
The firm’s headquarters is in St. Petersburg, Florida. It employs about 170
As of Dec. 6, the firm ranked ninth nationally as a senior manager of municipal bond deals, underwriting $17.39 billion of bonds in 648 deals, according to Refinitiv, a market share of 4.1%.
