We are pleased to welcome Greg Mahon as a Raymond James Branch Principal as he establishes Raymond James, Chichester.
Greg Mahon will be joining Raymond James as a new branch principal based in Chichester.
Greg will be managing private clients, their family trusts and pensions, as well as charities, with bespoke services and investment strategies based on each client’s objectives, financial circumstances and outlook.
As former Regional Head for Rathbones’ Chichester branch, Greg will be serving clients from Chichester, Sussex and around the UK.
Having had over thirty years’ experience in the financial industry, Greg began his career at Smith New Court / Merrill Lynch in 1987, moving onto Murray Johnstone in 1990 and Premier Asset Management in 1999 before joining Rathbones as an Investment Director in 2002. The following 17 years saw him become Regional Head of the Chichester office.
On working with Raymond James, Greg said:
“Raymond James’ unique model is unlike any of their competitors and they are at the forefront of change in the investment market. I am looking forward to exploring the opportunities that await me working with this vibrant and pioneering organisation.”
“With growing awareness of Environmental Social Governance investing, charity and philanthropy among investors, wealth managers are being called upon to address increasingly complex issues to provide their clients with services that are both financially and ethically viable. This enormous responsibility is not one I take lightly, but with the insights and support of Raymond James I will be able to dedicate my time and energy to solely focusing on the needs of my clients and their portfolios.”
Anthony Scott, Head of Business Development at Raymond James said:
“We are delighted to have Greg and his team join the Raymond James community. Greg’s record and success at building a private client business is well known and being supported by a highly skilled and professional team makes for a very exciting prospect for clients, the business community in Chichester, and Raymond James. We look forward to seeing Greg and his team help their clients navigate the investment space.”
If you would like to find out more information about how Raymond James supports wealth managers in opening and running their own independent wealth management branches, please click here.
Black MondayOn 19 October 1987, the stock markets experienced a dramatic plunge that prompted many firms to shut down their trading desks and turn off their phones to minimize internal losses. Raymond James refused to do the same. Our desks stayed open to help meet clients’ needs, resulting in our first and only unprofitable quarter since the firm went public in 1983. |
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Who was Raymond James?The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates. Three days after the sale, Ed Raymond was involved in a near-fatal automobile accident and never joined the firm. Nonetheless, even after Raymond had passed away, Bob James insisted that his name remain on the door – ahead of James’ own. That was a promise he made to Ed Raymond three days before the accident, and Bob James was a man who kept his promises. |
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Bear Market of 1974The severe bear market of 1974 threatened the existence of Raymond James, which was bleeding capital by the day. Tom James, his father and other leaders took extreme measures to keep the firm afloat, slashing costs, foregoing paychecks and even attempting to sell the firm for just enough capital to protect client assets and retain as many associates as possible. The story could have ended very differently if not for a sharp upturn and continued rebound in the stock markets late in the year. |
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Taking Raymond James PublicWhen consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time). ” … the public offering should be considered as a statement of our independence. While this is a psychological rather than an economic rationale, it is nonetheless very important. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.” After 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. His response: “Not while I’m around.” It’s a theme that continues today. |
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