Press Release

August 5, 2009

Raymond James Ltd. (Canada) Hires Mario Addeo as Head of Fixed Income

Toronto – August 5 – 2009 – Investment dealer Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced that industry veteran, Mario Addeo, will join the firm effective August 10, 2009. Mario assumes a newly created position as Senior Vice President and Head of Fixed Income. He will also be a member of the firm’s Private Client Group Operating Committee.

“Mario will play an integral role in providing strategic leadership to take our fixed income capabilities to a higher level, “says Terry Hetherington, Head of the Private Client Group for Raymond James Ltd. “His focus will be to enhance our retail fixed income program for the benefit of our clients and our Financial Advisors.”

Mario Addeo brings 25 years of senior private client and capital markets experience to this role. Most recently, he was Managing Director and Head of Retail Fixed Income and Private Client Investing at CIBC World Markets. Prior to joining CIBC (via the acquisition of Merrill Lynch Canada) Mario was responsible for all of Merrill’s core products, which included debt, equity and syndication. Before joining Merrill, he held senior positions at Midland Walwyn and Dean Witter Canada.

“Mario has earned a solid reputation among Financial Advisors for his ability to support them with innovative investment products and value added ideas,” says Hetherington. “We are confident he will deliver the same high quality results as a key partner in helping us achieve our strategic goals for building the firm in Canada.”

The move marks another step forward in Raymond James’ goal to be Canada’s premier independent investment dealer. Today, Raymond James is one of the fastest growing firms in Canada and home to 460 Financial Advisors serving investors out of 100 locations across the country.

“Raymond James has a strong reputation for its client focus, innovation and performance on both sides of the border,” says Mario Addeo. “I look forward to working together with my new colleagues and to be part of the tremendous growth opportunity and entrepreneurial culture that sets Raymond James apart.”

Raymond James is a leading North American independent full service investment dealer offering a full range of professional investments and products including: private client service, financial and estate planning, portfolio management, insurance, equity research, investment banking and institutional sales and trading. Through its network of approximately 4,800 Financial Advisors in Canada, the United States and key international centres, Raymond James serves more than 1.3 million individual investors and families and manages more than $220 billion in client assets under administration. For more information about Raymond James, please visit our web site at www.raymondjames.ca

–30–

For further information, please contact:
Peter Kahnert, Senior Vice President, Corporate Communications and Marketing
(416) 777-7052, peter.kahnert@raymondjames.ca