Jamie Coulter, CEO of Raymond James, at the company's Toronto office. Mr. Coulter, who will depart the company on Sept. 30, spent the majority of his 27-year career working for the Canadian operations of Raymond James.

Jamie Coulter has unexpectedly stepped down as chief executive officer of Raymond James Ltd. RJF-N after nearly three decades at one of Canada’s largest independent capital markets and wealth management operations.

Raymond James spokesperson Samantha Ouimet confirmed Tuesday that Mr. Coulter will depart the company as of Sept. 30.

Former CEO and current non-executive chairman Paul Allison has been appointed interim chief executive – effective immediately – as the company conducts a “thorough search” for Mr. Coulter’s successor, Ms. Ouimet told The Globe and Mail.

Mr.

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