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New Company

Raymond James Financial Inc.

New Position

Chief Investment Officer - Private Client Group

New Company Website

www.raymondjames.com.

Former Company

Deutsche Bank

Former Position

Chief Investment Officer – Americas, and Global Chief Investment Strategist for Deutsche Bank Wealth Management

Raymond James Financial, Inc. (NYSE: RJF) today announced the appointment of Larry Adam as Chief Investment Officer of the firm’s Private Client Group. “Raymond James’ advisors appreciate and leverage our award-winning research and thoughtful investment insights when considering market, economic and policy forces on their clients’ investments,” said Chairman and CEO Paul Reilly. “Adding Larry’s leadership, impressive background and experience, deep industry knowledge and nuanced investment perspectives delivers on our commitment to provide advisors and clients with the best tools and resources available.” “The vision and support from management, the inspiring culture and outstanding reputation make Raymond James the premier destination for anyone in the financial services industry,” Adam said. “The opportunity to complement the already well-respected, highly regarded macro, equity and fixed income research capabilities will only make the existing platform even more impactful. I am so excited to join such an industry leader.” Adam joins Raymond James from Deutsche Bank, where he held the dual roles of Chief Investment Officer – Americas, and Global Chief Investment Strategist for Deutsche Bank Wealth Management. He joined Alex. Brown & Sons in 1992 and continued with the firm through the 1997 acquisition by Bankers Trust and the subsequent purchase by Deutsche Bank in 1999. Raymond James purchased the business from Deutsche Bank in 2016. Adam received a B.B.A. and a master’s degree in business with a concentration in finance from Loyola University Maryland, where he also serves as an adjunct professor for international finances. He has earned the Chartered Financial Analyst®, Certified Investment Management Analyst® and Certified Financial Planner™ designations.

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