Raymond James hired John Roddy as managing director and co-head of the group. Roddy will work alongside Patrick DeLacey, current head of Financial Services Investment Banking.

Roddy will provide additional leadership and strategic vision to the group while continuing to support depository sector clients as well as other types of financial institutions. At Raymond James, he will offer a full suite of investment banking services, including M&A, advisory and capital formation, backed by a substantial distribution platform.

Roddy will be located in New York City. He joins Raymond James from the Macquarie Group, where he most recently was global head of Macquarie Capital’s Financial Institutions group. Prior to Macquarie, Roddy’s experience included senior roles at Fox-Pitt Kelton Cochran Caronia Waller, Citigroup and Lehman Brothers.

“As market conditions evolve, we expect M&A activity among community and regional banks to increase, creating an opportunity for our clients to scale their businesses,” said Jim Bunn, senior managing director and head of Investment Banking at Raymond James. “Anticipating that, we wanted to hire a senior banker with considerable sector knowledge, a reputation for providing clients with exceptional strategic advice, and a proven track record in managing a broad-based team of investment banking professionals who serve the financial services sector. John’s addition will allow us to better serve our clients while continuing to grow our presence as a leader in the financial services industry.”