Raymond James Financial hires Charlotte senior banker as a managing director of health-care practice

Florida-based Raymond James Financial Inc. (NYSE: RJF) has named Jeff Saxton as a managing director of its health-care investment banking practice. He will be based in Charlotte. He will serve the firm's health-care clients, which include risk bearing providers, value-based care enablement, health plans and pharmacy benefits management. Before joining Lazard, he worked in the health-care investment banking group at Wachovia Securities -- which was acquired by Wells Fargo & Co. (NYSE: WFC) in 2008. Saxton also worked at Legg Mason, which was an investment and asset management firm acquired by Franklin Templeton Investments in July 2020. He served as a managed care services equity research analyst at Legg. Each has at least 15 years of health-care investment banking experience. Brown is also based in Charlotte. Raymond James has hired eight senior bankers in the last six months for its health-care investment banking practice, he added. With those hires, Raymond James established a new Charlotte office last year to build its investment banking presence here. "This industry team is stacked with talented and experienced bankers, leaving the firm well positioned for continued growth." Since 2017, it has raised more than $300 billion in capital for corporate clients.