Raymond James Financial (RJF) Acquires SumRidge Partners
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Raymond James Financial To Acquire SumRidge Partners
March 28, 2022 4:23 PM EDTST. PETERSBURG, Fla., March 28, 2022 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) announced today that it has reached an agreement to acquire SumRidge Partners, LLC, a top ranked, technology-driven fixed income market maker specializing in investment-grade and high-yield corporate bonds, municipal bonds and institutional preferred securities. The transaction is subject to certain regulatory and other closing conditions.
The addition of SumRidge Partners to the firms Fixed Income Capital Markets (FICM) division adds an innovative institutional market-making operation with sophisticated trading technologies and risk management tools. Founded in 2010 with the vision of becoming a... More
