Moores retains his position with RJIS and now also oversees all Raymond James’ businesses in the UK including wealth management and capital markets.
'With strong growth in the UK in a variety of our businesses, it was clear that the next step was to better coordinate efforts to expose clients to the broad spectrum of services available', said CEO Paul Reilly. 'Having run our UK wealth management business since 2005 and shepherded the group from joint venture to subsidiary broker/dealer, Peter is the clear choice for this role'.
The appointment has been approved by the Financial Conduct Authority (FCA). Reporting lines with RJF remain unchanged.
'I am excited to take on this new responsibility and the opportunity to bring these distinct yet complementary businesses together in the UK', Moores said. 'This will, I believe, help us broaden and deepen our capability thereby providing greater opportunities and resources to serve all our clients'.
Among Moores’ expected responsibilities are to serve on the board of directors of the UK operating entities as CEO, act as conduit for communications between firm leadership and UK senior managers across all business lines and lead growth and coordination of all UK business units.
Moores came to Raymond James in December 2004 as RJIS CEO-designate in London before taking over the position in February 2005. Prior to Raymond James, he started his career at Chase Manhattan Bank completing both the Associate Development and Financial Analyst programmes. He spent 10 years working at Chase Manhattan in New York, London and Frankfurt on the institutional side of the business before moving to DAB Bank in Munich. At DAB, a retail brokerage firm with a banking license, he ultimately headed the Group Development Team. In 2002 he was seconded to London to run DAB Bank’s UK retail brokerage business as CEO.
Moores earned his Bachelor of Business Studies and Master of Arts degrees from Trinity College, Dublin University. He is also a fluent German speaker.