The Financial Institutions Division of Raymond James is shoring up its leadership team.

Tim Killgoar, the firm's former director of client experience, has joined the division as vice president, director of strategy and consulting. He will focus on strategic initiatives for banks and credit unions the division currently serves as well as those it hopes to one day serve, Raymond James said.

Killgoar joined Raymond James in 2008 as an assistant to the firm's chairman and CEO Tom James, supporting senior management on strategic and operational initiatives. He has served as the firm's director of client experience for the past five years.

"Tim's contributions and his appointment exemplifies our ongoing commitment to further strengthen your partnership with the Financial Institutions Division of Raymond James," John Houston, the division's managing director told advisors and institutional leaders at a Raymond James-sponsored national conference.

Killgoar will work closely with Director of Business Consulting Dan Mallard, who will be retiring at the end of the year. Mallard joined the Financial Institutions Division in 2006 as a regional director and has held several key positions on the management team.

During Mallard's tenure, the division more than doubled its annual revenues and assets under administration as well as increased fee revenue more than fivefold, according to Raymond James.

"I look forward to continuing the legacy of assisting our affiliated banks and credit unions with growing their wealth management programs. I will certainly benefit from a period of overlap with Dan, whom I will lean on for his extensive knowledge and expertise in this area," Killgoar said in a statement.

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