Raymond James Ltd. Strengthens Institutional Trading Capabilities

Veteran Trader Joseph Clement Joins Firm

TORONTO , Feb. 1 /CNW/ - Investment dealer Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced that industry veteran, Joseph Clement , will join the firm's institutional sales and trading team effective February 8, 2010 reporting to the Co-Heads of Institutional Trading, Andrew Foote and Bob McDonald.

"Joseph will work out of our Montreal institutional sales and trading office. He is a seasoned veteran who has earned a solid reputation working with institutional investors across North America ," says Bob McDonald. "He brings unique expertise and experience covering hedge funds and pension funds and adds a new dimension to our team's focus to deepen relationships with U.S. hedge fund companies."

Prior to joining Raymond James , Joseph held various senior roles on institutional desks at some of the nation's leading investment firms where he earned his reputation for a unique specialization providing many of the leading U.S. hedge funds with quality product and value-added growth ideas.

"Joseph helps expand the capabilities of our already strong Institutional Trading team in many ways," says Andrew Foote . "He is a dedicated professional who takes pride in his ability to build effective relationships with clients and colleagues alike. We are confident he will be an important part in helping us achieve our strategic goals for this key business."

Raymond James is a leading North American independent full service investment dealer offering a full range of professional investments and products including: private client service, financial and estate planning, portfolio management, insurance, equity research, investment banking and institutional sales and trading. Through its network of 5,300 Financial Advisors in Canada , the United States and key international centres, Raymond James serves more than 1.9 million individual investors and their families and manages more than $230 billion in client assets under administration. For more information about Raymond James , please visit www.raymondjames.ca.

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