Raymond James Ltd. Hires Jacob Leibel to Lead Discretionary Portfolio
Management Platform

TORONTO, July 27 /CNW/ - Investment dealer Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced the hiring of Jacob Leibel as Vice President and Head of the Private Investment Management Group (PIMG), the firm's discretionary portfolio management platform.

"Enhancing our ability to serve affluent Canadians and their families with more sophisticated wealth management needs is a critical focus for Raymond James," says Terry Hetherington, Executive Vice President, Private Client Group. "Jacob brings extensive skills and experience that will strengthen our support to investors seeking a discretionary portfolio management solution."

Leibel joins Raymond James from RBC DS where he co-managed one of the nation's largest advisor managed discretionary programs over the past four years.

"Increasingly many clients are seeking out personalized solutions to help them better manage their portfolios," says Leibel. "My goal is to work closely with the existing Raymond James team of professionals to continue to deliver the best possible services, training and products to support our financial advisors and their clients."

Raymond James is a leading North American independent full service investment dealer offering a full range of professional investments and products including: private client services, financial and estate planning, portfolio management, insurance, equity research, investment banking and institutional sales and trading. Through its network of approximately 5,300 Financial Advisors, including 460 Financial Advisors in Canada, Raymond James serves approximately 1.9 million client accounts, located in more than 2300 locations throughout Canada, the United States and overseas. In addition, Raymond James manages over US$235 billion in client assets under administration. For more information about Raymond James, please visit our web site at www.raymondjames.ca

For further information: Peter Kahnert, Senior Vice President, Corporate Communications and Marketing, [phone], [email protected]