Press Release

January 26, 2012

RAYMOND JAMES ANNOUNCES
ASSET MANAGEMENT SERVICES LEADERSHIP

ST. PETERSBURG, Fla. - Raymond James CEO Paul Reilly announced today that Jeff Dowdle, president of Asset Management Services, will join the firm's executive committee on February 1, 2012, and will continue to run the department. 

Pursuant to the firm's succession plan, Dowdle replaces Richard Riess, who will retire at year end, on the executive committee and will continue his day-to-day responsibilities. Riess announced his decision to step down as executive vice president of the company's Asset Management Group, CEO of Eagle Asset Management and chairman of the board of trustees of the Eagle Family of Funds, effective January 31, to assist Reilly on projects important to the firm's future. Dowdle will report to Paul Reilly. 

"Jeff has been the architect of the tremendous growth of the firm's asset management platform over the past decade," Reilly said. "I am confident that his leadership and experience will continue to benefit the firm, our financial advisors and their clients moving forward."

As president of Asset Management Services, Dowdle is responsible for directing the firm's managed accounts and fee-based platforms. These solutions include Raymond James Consulting Services, Freedom, Freedom UMA, Managed Completion Portfolios, Passport, Ambassador, Opportunity, and the Managed Investment Program.

Dowdle began his association with Raymond James in 1991 working for Thomas A. James as assistant to the chairman. He joined the Asset Management Services division in 1993, and assumed management responsibility in 1999.

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