Raymond James Financial announced that Haig Ariyan, president of the firm's Alex. Brown division and head of Global Wealth Solutions, has decided to pursue an opportunity outside of the firm, effective July 15, 2022. Following Ariyan's transition, Alex.

Brown and Global Wealth Solutions Chief Operating Officer Michael Tormey, along with John Sutton and Brett Kellam, both Alex. Brown managing directors, will report to Raymond James Associates President and CEO Tash Elwyn. In line with the firm's succession plans, Bill Seugling, managing director of the firm's Investment Solutions group, has been appointed head of Global Wealth Solutions, reporting to Raymond James' Private Client Group (PCG) President Scott Curtis.

Tormey joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset Wealth Management, where he was COO. He joined Deutsche Bank in 2004 and began his career at Bankers Trust Company in 1992. Seugling joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset Wealth Management, where he was managing director.

He joined Deutsche Bank in 2008 and began his career at Greenwich Associates in 1991. Sutton joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset Wealth Management, where he was managing director. He joined Deutsche Bank in 2013 and began his career as a practicing attorney with Donovan Leisure Newton Irvine in 1993.

Kellam joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset Wealth Management, where he was managing director. He joined Deutsche Bank in 2009 and began his career at Paine Webber in 1981.