Raymond James appoints Dave Pederson to lead UK wealth division

Rob Dornan, currently director of Investment Management Services, will become managing director of the new division. Anna Pollins has been appointed chief commercial officer, with responsibility for the client proposition and growth agenda, including central financial planning, Charles Stanley Direct and the platform business. Pederson and Pollins will work to bring financial planning and investment management closer together.

Pederson joined Raymond James in 2021 from Brown Shipley to lead its regional branch network. He became managing director of Investment Management Services and joined the executive leadership team in 2024. At Brown Shipley, where he spent eight years, he led the UK integration management office during the acquisition of a Dutch private bank and headed the international office. Earlier, he spent more than a decade at Lloyds Banking Group, latterly as regional manager for the North, overseeing 140 branches.

Raymond James’ UK business combines Charles Stanley, acquired by US-listed parent Raymond James Financial, with the group’s existing UK operations. It oversees £53.6 billion in assets under management and administration. The parent group has $1.94 trillion in client assets under administration.