Lane, the former chairman and CEO of Lane Berry & Co, will join as Vice Chairman of investment banking at Raymond James Investment Banking group. Berry, the former President of Lane Berry, will join as Managing Director and co-Head of Raymond James’ Merger & Acquisition, as part of the agreement along with other senior professionals.
Jeff Trocin, Executive Vice-President of Raymond James and Head of the firm’s Equity Capital Markets unit, said: “We are extremely fortunate to have the Lane Berry professionals join our firm.”
“They bring a highly regarded reputation in M&A advisory services and their senior-level, industry-expertise focused dedication to serving clients complements Raymond James’ approach. This acquisition underscores the continued expansion of our investment banking platform and the firm’s commitment to strategic growth in all market conditions,” he added.
Lane, former Chairman and CEO of Lane Berry said: “Raymond James is a premier investment bank with an exceptional reputation in equity research and world-class institutional and retail distribution capabilities.”
“As we considered the next phase of our firm’s evolution, it became clear that Raymond James offered a close cultural fit and a full-service investment banking platform that would enable us to more fully serve the needs of our clients. My partners and I are pleased to be joining Raymond James, and look forward to helping build what we believe is a unique and powerful franchise,” he added.
