Press Release

June 19, 2008

Raymond James Ltd. Hires Paul Allison As Co-President
and Co-Chief Executive Officer

Toronto – June 19, 2008 – Investment Dealer Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial, Inc., today announced that Paul Allison will join the firm effective August 4^th, 2008 as Co-President and Co-Chief Executive Officer. Paul will partner with existing President and CEO, Peter Bailey, in growing Raymond James’ Equity Capital Markets and Private Client businesses in Canada.

Paul Allison brings more than 20 years of senior capital markets experience to this role. Most recently, he served as Executive Vice President and Vice-Chairman at Merrill Lynch Canada, as well as Co-Head of the firm’s Investment Banking business from 2001 to the present. Prior to joining Merrill, Paul was Head of Equity Capital Markets at BMO Nesbitt Burns where he worked from 1994 to 2001.

“Paul is widely respected and admired across the investment industry in Canada,” says Peter Bailey. “Working together with our existing strong team of professionals, we believe Paul’s addition will make an immediate impact in accelerating our growth efforts in winning mandates and building client relationships in all of our businesses, and especially within capital markets.”

An active volunteer in various charitable and industry organizations,  Paul sits on the Corporate Finance Committee of the Investment Industry Regulatory Services of Canada (formerly known as  the Investment Dealers Association); McMaster University’s Business Advisory Council and Trading Floor Advisory Committees; as well as the Humber River Regional Hospital’s Board of Directors.

“Raymond James has a strong reputation for its high level of integrity, client focus, and performance on both sides of the border,” says Paul Allison. “I look forward to working with my new colleagues to help fully leverage our unique ability to deliver borderless solutions to individual and institutional investors, as well as to corporate issuers.”

Raymond James is a leading North American independent full service investment dealer offering a full range of professional investment services and products including: private client services, financial and estate planning, portfolio management, insurance, equity research, investment banking and institutional sales and trading. Through its network of approximately 4,850 Financial Advisors across North America and in key international centers, Raymond James serves more than 1.7 million individual clients and manages more than $216 billion in client assets under administration. For more information about Raymond James, please visit our web site at: www.raymondjames.ca.  

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For more information, please contact:

Peter Kahnert
Senior Vice President
Corporate Communications & Marketing
Raymond James Ltd.
Tel: 416-777-7063
peter.kahnert@raymondjames.ca