internal
Paul M. Shoukry
Chief Executive Officer
Executive
1 yr
7 reports
Leadership change Paul M. Shoukry was promoted to Chief Executive Officer (from President and Chief Financial Officer) · DEF 14A, Jan 7 2026
Raymond James Financial, Inc. ·RJF
CEO oversees five distinct business presidents directly
Financials · Fortune #294 · Hybrid structure · 19K employees · St. Petersburg, Florida
View as of:
6
CEO span
↓ tighter than peers (avg 10)
1
Avg span
tight
2
Max depth
2 levels
3.5 yr
Avg tenure
↓ 2.7yr from FY2024
86%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-09-30 · 10-K
Revenue
$15.9B
Net income
$2.1B
Total assets
$88.2B
Shares out
197M
Sourced from Raymond James Financial, Inc. DEF 14A · filed 2026-01-07 ↗ View on SEC
Interactive org chart
Raymond James Financial, Inc. organizational chart
Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.
Open editable chart
Take this model into your AI workspace Use AI to reason through the model, then bring the scenario back into Creately Atlas.
Choose a prompt, then open an AI app and paste.
Download the CSV data instead
CEO oversees five distinct business presidents directly. This page maps Raymond James Financial’s senior leadership, showing a flat enterprise structure with direct CEO oversight of major segments, plus analysis, recent changes, and peer comparisons.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Paul M. Shoukry moved into Chief Executive Officer
Promoted from President to CEO effective February 20, 2025.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer to centralize governance of AI, analytics, and automation across business units.
- Insert Group COO Layer Add a Group COO to consolidate operational oversight of business presidents and reduce CEO span.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
- Connect Salesforce Map your target accounts like this. Import contacts, visualize decision chains, plan multi-threading.
- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
8 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Paul C. Reilly
Executive Chair
Board
1 yr
0 reports
internal
Jonathan W. Oorlog, Jr.
Chief Financial Officer
Finance
5 yr
0 reports
internal
Scott A. Curtis
Chief Operating Officer
Operations
3 yr
0 reports
internal
Tashtego S. Elwyn
President, Private Client Group
Private Client Group
4 yr
0 reports
internal
James E. Bunn
President, Capital Markets & Advisory
Capital Markets
4 yr
0 reports
internal
Bella Loykhter Allaire
Executive Vice President, Technology & Operations
Technology
3 yr
0 reports
internal
Jonathan N. Santelli
Executive Vice President, General Counsel and Secretary
Legal
6 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Paul M. Shoukry $17.3M
- Base salary
- $646K
- Bonus
- $8.00M
- Stock awards
- $8.55M
- Other
- $82K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Raymond James Financial, Inc. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Private Client Group
12K employees
President, Private Client Group (Tashtego S. Elwyn)
Provides financial planning, advisory, and brokerage services through employee and independent financial advisors.
$10.2B rev FY2025
Capital Markets
2K employees
President, Capital Markets & Advisory (James E. Bunn)
Delivers investment banking, institutional sales and trading, and equity research services.
$1.8B rev FY2025
Asset Management
2K employees
Chief Executive Officer (Paul M. Shoukry)
Manages proprietary and third-party investment products for retail and institutional clients.
Bank
2K employees
Chief Executive Officer (Paul M. Shoukry)
Provides corporate and retail banking and trust services through regulated bank subsidiaries.
The thesis
Why this org is unusual
The most distinctive feature of Raymond James Financial’s structure is that the CEO directly oversees multiple full P&L business presidents rather than routing them through a group COO.
The org chart shows Paul Shoukry with six direct reports, including presidents for the Private Client Group and Capital Markets, alongside core corporate officers. This reflects the firm’s long-standing decentralized, advisor-centric model, where major segments retain operational autonomy.
The absence of an intermediate operating layer between the CEO and segment heads keeps decision-making close to the top while preserving accountability at the business-unit level. Corporate functions such as finance, operations, technology, and legal also report directly to the CEO, reinforcing a flat enterprise structure relative to peers of similar size.
Overall, the structure balances independence of revenue-generating units with centralized risk, capital, and technology oversight, consistent with Raymond James’ emphasis on long-term stability and controlled growth.
- Multiple business presidents report directly to the CEO
- No intermediate group COO layer
The comparison
How Raymond James Financial, Inc. stacks up
Compared with other large U.S. broker-dealers, Raymond James operates with fewer management layers and a narrower CEO span. Firms like Morgan Stanley and Goldman Sachs typically interpose co-heads or divisional CEOs between the group CEO and operating units, resulting in deeper hierarchies. Raymond James’ model more …
C-suite size
Reporting depth
Raymond James Financial, Inc.
2 levels
5 levels
6 levels
5 levels
LPL Financial
4 levels
Avg C-suite tenure
Raymond James Financial, Inc.
4 yr
6 yr
7 yr
5 yr
LPL Financial
4 yr
Has COO / Has CAIO
Raymond James Financial, Inc. ✓ COO — no CAIO
LPL Financial ✓ COO — no CAIO
Current signals
What changed recently
Planned CEO succession elevated Paul Shoukry and shifted Paul Reilly to Executive Chair in February 2025.
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-01-07
- CEO
- Paul M. Shoukry
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 3.5 yr
First full year reflecting CEO succession from Reilly to Shoukry.
Named executive officers (5)
- Paul M. Shoukry - Chief Executive Officer since 2025
- Jonathan W. Oorlog, Jr. - Chief Financial Officer since 2020
- Scott A. Curtis - Chief Operating Officer since 2022
- James E. Bunn - President, Capital Markets & Advisory since 2021
- Tashtego S. Elwyn - President, Private Client Group since 2021
FY2024
DEF 14A filed 2025-01-08
- CEO
- Paul C. Reilly
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 6.2 yr
CEO transition announced with Shoukry named successor.
Named executive officers (5)
- Paul C. Reilly - Chair and Chief Executive Officer since 2010
- Paul M. Shoukry - President and Chief Financial Officer since 2020
- James E. Bunn - President, Global Equities and Investment Banking since 2021
- Scott A. Curtis - President, Private Client Group since 2022
- Bella Loykhter Allaire - EVP, Technology and Operations since 2022
Year-over-year changes
A planned succession elevated Shoukry to CEO and shifted Reilly to Executive Chair, modestly increasing CEO span.
- CEO span: 5 → 6
- C-suite size: 5 → 6
- Avg tenure: 6.2 → 3.5 yr
- promoted Paul M. Shoukry - Chief Executive Officer (was President and Chief Financial Officer) (DEF 14A, Jan 7 2026)
- retitled Paul C. Reilly - Executive Chair (was Chair and Chief Executive Officer) (DEF 14A, Jan 7 2026)
Frequently Asked Questions
Who is the CEO of Raymond James Financial?
Paul M. Shoukry has served as CEO since February 2025 following a planned leadership transition.
What type of organizational structure does Raymond James Financial use?
Raymond James uses a hybrid enterprise structure combining centralized corporate functions with autonomous business segments.
How many direct reports does Raymond James Financial's CEO have?
The CEO has six direct reports, including segment presidents and core corporate officers.
How has Raymond James Financial's leadership changed recently?
In February 2025, Paul Shoukry was promoted to CEO and Paul Reilly became Executive Chair as part of a planned succession.
Who reports directly to Raymond James Financial's CEO?
Direct reports include the CFO, COO, presidents of major business segments, the EVP of Technology & Operations, General Counsel, and Executive Chair.
Sources
- Company Proxy Statement, Jan 2025
- SEC EDGAR: Raymond James Financial, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Raymond James Financial, Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Raymond James Financial, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/raymond-james-financial/MLA 9th
"Raymond James Financial, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/raymond-james-financial/. Accessed .Chicago 17
Creately. "Raymond James Financial, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/raymond-james-financial/.Original SEC source View on SEC ↗
Raymond James Financial, Inc.. DEF 14A. Filed 2026-01-07. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/720005/000072000526000019/rjf-20260106.htmPermanent URL: https://creately.com/org-chart/fortune-500/raymond-james-financial/ · last updated 2026-04-01