Raymond James Takes Minority Stake in GreensLedge  

Raymond James has taken a minority stake in GreensLedge Holdings, a boutique investment bank. 

GreensLedge, founded in 2008, offers advisory services for arranging CLOs, CDOs, Rated Feeders, CFOs, ABS, and debt offerings. The investment bank is led by managing partners James “Jim” Kane, Brian Zeitlin, Lesley Goldwasser, and Ken Wormser. 

The minority stake investment comes as Raymond James seeks to further expand its fixed income platform, connecting GreensLedge’s capabilities into investment management, banking, private-capital advisory, real estate investment banking, and ultra-high-net-worth advisory teams. 

Sumitomo Mitsui Trust Group, a partner of GreensLedge, will maintain a minority interest in GreensLedge. 

The acquisition marks the first deal for Raymond James since the firm appointed Paul Shoukry as CEO, becoming the firm’s fourth CEO. This transition was first announced last December, when the Board confirmed his appointment to succeed Paul Reilly, who is stepping down from his responsibilities to become the firm’s new executive chair. 

“[GreensLedge] specialized expertise in structured products, paired with our robust fixed-income distribution and trading capabilities, unites best-in-class strengths, forming a compelling strategic partnership,” Jim Bunn, president of capital markets and advisory at Raymond James, said. “More importantly, our cultural alignment and collaborative spirit will drive innovation and deliver meaningful value to our institutional clients.” 

In April, Raymond James added two financial advisors, Jefferey Biederman Jr. and Andrew Burns, operating as Huntington, WV-based Biederman Burns Wealth Management of Raymond James. 

The duo was previously affiliated with Morgan Stanley, where they managed $465 million in client assets.