Raymond James Investment Unit Hires Short-Term Summit Trail Executive as President

Core Viewpoint - Raymond James Investment Management has appointed Jeff Ringdahl as president, effective January 5, to lead its $118.5 billion asset management division following the departure of Bob Kendall [2][3]. Group 1: Leadership Transition - Jeff Ringdahl will take over the role of president, succeeding Bob Kendall, who left in July to join William Blair as global head of investment management [2]. - Eric Wilwant served as interim president during the search for Ringdahl [2]. Group 2: Background of Jeff Ringdahl - Prior to joining Raymond James, Ringdahl had a brief tenure as president and COO at Summit Trail Advisors, which manages $23.6 billion in assets [3]. - He previously ran his own consulting firm, Acorn Advisory Group, and spent 14 years at Resolute Investment Managers, where he was president and CEO [4]. Group 3: Strategic Initiatives - Ringdahl will oversee the expansion of Raymond James Investment Management's offerings, including a new suite of three ETFs launched in October [5]. - The firm has hired Johan Grahn from Allianz Investment Management to lead the ETF initiative and secure regulatory approvals [5]. Group 4: Company Culture and Vision - Ringdahl expressed a strong connection to Raymond James' client-first mindset and long-term value-building approach, indicating a focus on relationship-building with clients and partners [7].