A wirehouse veteran joined Raymond James & Associates as its newest complex manager.
Jeff Mallula, who was previously with Wedbush, will oversee Raymond James' Pacific Northwest complex, which encompasses Washington and Oregon, the company says. Mallula will be based in Seattle.
Raymond James has two employee offices in Washington: Chehalis and Seattle, and three offices in Oregon: Portland, Lake Oswego and Redmond.
Rick Sanchez, west coast regional director for Raymond James & Associates, said in a statement that Mullula will lead the firm's recruiting efforts in the region.
Mallula began his financial services career as an adviser with IDS/American Express in 1993, according to Raymond James. He later served in management roles at Morgan Stanley, RBC and Merrill Lynch. In 2015, he joined Wedbush where he was responsible for overseeing investment banking as well as retail investment operations in Oregon, according to Raymond James.
Mallula said he made the move in part to help lead Raymond James' expansion in the Pacific Northwest, adding that his varied experience "will stand me in good stead as I tell the Raymond James story" to potential recruits.
A Wedbush spokeswoman was unavailable for immediate comment.
Raymond James has approximately 6,800 financial advisors in its independent and employee channels. The firm's total client assets are approximately $548 billion, according to the St. Petersburg, Florida-based company.
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