Raymond James Leadership Team - Tracy Speechley | Raymond James Investment Services

Tracy Speechley

Deputy Head of Operations

Tracy joined Raymond James in June 2005 initially as Operations Supervisor, through a variety of positions to her current role as Deputy Head of Operations.

Career History

Tracy has 20 years’ experience in Financial Services, starting at Barclays Unit Trust Managers, moving onto Jupiter UTM, BNP Paribas Security Services and RMB International where she was New Business & Client Services Manager.

Tracy studied Equine Science at Hartpury Agricultural College and trained dressage and event horses for ten years before travelling the world for 18 months.

In her spare time Tracy attends a wide variety of music gigs and festivals.

Meet the Team

Peter Moores

Chief Executive Officer, United Kingdom

Cynthia Poole

Director of Relationship Management and Business Support

Anthony Scott

Head of Business Development

Mark de Ste Croix

Head of Compliance and Legal

Stuart Wright

Head of Operations and Product Management

David Strydom

Head of Technology & Facilities

Naz Islam

Chief Financial Officer

Erin Eckhouse

Head of Human Resources UK

Kerry Nicholls

Deputy Head of Relationship Management & Training

Tracy Speechley

Deputy Head of Operations

Mark Filipponi

Deputy Head of Technology & Facilities

Who was Raymond James?

The Raymond in our name is actually from Edward Raymond, owner of a 15-employee mutual fund sales group, Raymond and Associates, along Florida’s west coast. He sold his company to Bob James on 15 July 1964, on condition that the surviving firm be called Raymond, James & Associates.

Three days after the sale, Ed Raymond was involved in a near-fatal automobile accident and never joined the firm.

Nonetheless, even after Raymond had passed away, Bob James insisted that his name remain on the door – ahead of James’ own. That was a promise he made to Ed Raymond three days before the accident, and Bob James was a man who kept his promises.

Bear Market of 1974

The severe bear market of 1974 threatened the existence of Raymond James, which was bleeding capital by the day. Tom James, his father and other leaders took extreme measures to keep the firm afloat, slashing costs, foregoing paychecks and even attempting to sell the firm for just enough capital to protect client assets and retain as many associates as possible. The story could have ended very differently if not for a sharp upturn and continued rebound in the stock markets late in the year.
This “fortunate near-death experience” (as Tom calls it) permanently marked his psyche, and has influenced our firm’s character and culture since, solidifying the conservative nature that emphasizes a determined focus on the long term – both for clients and the firm.

Taking Raymond James Public

When consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time).
He wrote:

” … the public offering should be considered as a statement of our independence. While this is a psychological rather than an economic rationale, it is nonetheless very important. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.”

After 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. His response: “Not while I’m around.” It’s a theme that continues today.

Black Monday

On 19 October 1987, the stock markets experienced a dramatic plunge that prompted many firms to shut down their trading desks and turn off their phones to minimize internal losses. Raymond James refused to do the same. Our desks stayed open to help meet clients’ needs, resulting in our first and only unprofitable quarter since the firm went public in 1983.