Raymond James expanded its recapitalization and restructuring investment banking group with the addition of senior banker Richard Klein. During his more than 25-year career, Klein has advised boards of directors, official and ad hoc creditors’ committees, private equity sponsors and various creditor constituencies on transactions involving more than $100 billion of restructured liabilities. Klein’s transaction expertise includes in-court and out-of-court restructurings, M&A transactions, section 363 asset sales, rescue financing and exchange offers.

Klein has transaction experience in multiple industries that align with Raymond James’ existing coverage areas, including energy, healthcare, industrials, aerospace and defense, technology, consumer, retail and restaurants.

“Our goal is to deliver to clients great expertise and optimal outcomes, and to do that we are always searching for well-regarded bankers who can unlock value and use a broad network of connections while navigating clients through complex distressed transactions,” Geoffrey Richards, head of the recapitalization and restructuring investment banking team at Raymond James, said. “Richard is a talented professional who can advise across a number of different sectors and diligently serve the unique needs of clients.”

Klein joined Raymond James from Miller Buckfire. He previously worked in the restructuring groups at Jefferies and Houlihan Lokey. He began his career at CIT Group.

“Raymond James has an impressive investment banking platform and suite of services that are centered on delivering successful outcomes to clients,” Klein said. “There’s an impressive culture here and I’m thrilled to build on the growing momentum created by Geoff and the entire recapitalization and restructuring team.”