RayJay Adds Two Board Members

Raymond James Financial, Inc. announced the elections of Cecily Mistarz, former EVP and U.S. CRO of BMO Financial Group, and Raymond James president and CFO Paul Shoukry, to the board of directors, increasing its size to 13 from 11 members.

Shoukry’s appointment follows an announcement in March that he will succeed CEO Paul Reilly in the firm’s fiscal year 2025, which begins on October 1. Reilly will continue to serve as the firm’s executive chairman.

“With our focus on the long-term growth and stability of Raymond James, we are fortunate to be able to add two people with strong backgrounds in financial and risk management leadership to the board,” said Reilly.

Mistarz worked at BMO for nearly seven years, overseeing the risk function for an intermediate holding company and a nationally chartered bank, according to Raymond James. Mistarz will serve on the board’s audit and risk committees, according to the firm.

Mistarz “brings extensive risk management experience to our discussions as Raymond James navigates an increasingly dynamic regulatory landscape,” Reilly said.