Raymond James Financial, Inc. Chairman and CEO Paul Reilly announced an executive management change as well as leadership appointments within the Asset Management Services division. As part of the firm's long-term succession plan, Jeff Dowdle, chief administrative officer and president of the firm's Asset Management Group (AMG), has been named chief operating officer (COO), effective immediately. In addition to his new responsibilities, Dowdle will continue as head of AMG as well as oversee several of the firm's corporate administration departments and other budgetary and administrative duties. Prior to his current role, Dowdle was president of the Asset Management Services division and senior vice president of Raymond James & Associates. He is a member of the firm's Executive Committee. Additionally, AMS COO Erik Fruland has been promoted to president of the division. SVP of Operations Al Caudullo will replace Fruland as COO in AMS. Fruland joined Raymond James in 1991 and is a member of the AMS Investment Committee, serves as a director for Raymond James & Associates Board of Directors and the Raymond James Charitable Endowment Fund, and is a member of Raymond James' Operating Committee.