When former Deutsche Bank advisors transition to Raymond James' Alex. Brown division in a few months, many will see a familiar face.

Seth Waugh, former CEO of Deutsche Bank Americas, will be coming out of retirement to serve as non-executive chairman at the boutique once Raymond James finalizes its purchase of Deutsche's U.S. Private Client Services unit. The 35-year industry veteran will focus on client and advisor relationships while helping drive Alex. Brown's strategic direction, according to the fast-growing regional B-D.

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