Raymond James Financial : grows international investment banking practice with addition of senior automotive banker

February 21, 2017

ST. PETERSBURG, Fla. - Raymond James is expanding its international automotive and aftermarket investment banking practice with the hiring of Todd Cassidy as managing director. Cassidy, based in Chicago, will focus on middle-market automotive parts, aftermarket providers, and services companies in the following sectors: advanced materials, metals and plastics processing, electronics, engineered products, and integrated technology.

Cassidy will partner with the firm's European automotive bankers to support the growing need for capital and robust appetite for M&A in the global auto supply market.

'Raymond James' expansion into the broad automotive and aftermarket sectors could not be timelier,' Cassidy said. 'At over $1 trillion in aggregate sales globally, these markets are collectively one of the largest contributors to industrial economies. Rapid innovation in performance and fuel economy, consumer electronics integration, semi- and full-autonomous driving systems, and safety has led to an increased need for capital formation and elevated levels of M&A in all segments of the auto supply market.'

'The automotive sector is a core focus area for the firm as we continue to build out our international banking capabilities,' said Jim Bunn, head of Investment Banking at Raymond James. 'Todd's industry insight and commitment to client service are vital to the continued growth and success of this key international sector.'

In June, Raymond James purchased Mummert & Co., a leading middle market M&A advisory firm with automotive-sector expertise, located in Munich, Germany.

'Adding Todd accelerates the buildout of our worldwide capability to execute mid-market transactions with OEMs and automotive suppliers,' said Dirk Liedtke, managing director of the firm's European Advisory practice. 'Todd's deep understanding of the sector paired with Raymond James' extensive platform of services will help our clients achieve success.'

Cassidy joins Raymond James from William Blair after nearly 10 years in its investment banking group, most recently as its lead automotive and aftermarket coverage officer. He also previously was a planning analyst and engineer at Ford Motor Co. He holds bachelor's degrees in mechanical engineering and philosophy from the University of Notre Dame, a master's in mechanical engineering from the University of Michigan, and an MBA from Harvard University.

About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2013, Raymond James has participated in raising nearly $300 billion in capital for its corporate clients and completed more than 350 advisory assignments, including more than 300 M&A buy-side or sell-side advisory assignments.

About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,100 financial advisors serving in excess of 2.9 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are approximately $617 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available atwww.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.