Raymond James subsidiary beefs up technology
July 22, 2020 - Carillon Tower Advisers plans to acquire a financial risk analytics platform and to hire the team that developed the platform. Carillon, a global asset management company and a subsidiary of Raymond James Financial (NYSE: RJF) in St. Petersburg, signed an agreement to purchase the proprietary risk analytics platform from Blaylock Van LLC. Carillon also intends to hire Steve Singleton, director of equities/quantitative research at Blaylock Van, as Carillon's head of risk. Singleton's three-member team also will join Carillon to form an in-house risk division, a news release said. Financial terms were not disclosed. The deal is expected to close early in the fourth quarter of 2020.