Raymond James has named a new leader to the Financial Institutions Division.

Tim Killgoar, the division's current director of strategy and consulting, will assume his new role on April 1. He succeeds John Houston, who will now lead the division's Eastern Division, the firm announced Thursday.

Killgoar has worked alongside Houston since joining the Financial Institutions Division as director of strategy and consulting in May 2015. He began working for Raymond James in 2008 as assistant to the then-chairman and CEO, Tom James, supporting senior management on strategic and operational initiatives, the firm said.

Tim Killgoar will assume leadership of the Raymond James' Financial Institutions Division on April 1, succeeding John Houston.
Tim Killgoar will assume leadership of the firm's Financial Institutions Division on April 1.

"I am pleased we will continue to benefit from Tim's strategic insight into the business as he takes on this leadership role," Scott Curtis, president of Raymond James Financial Services, said in a statement.

Houston, who has led the Financial Institutions Division for the past 11 years, informed the firm in December that he would be stepping down to be closer to his extended family in Nashville, Tennessee, according to Raymond James.

He oversaw the division during a period of significant growth, the firm said.

"I am proud to continue to build upon the solid foundation established by John and the entire FID team," Killgoar said in a statement. "I look forward to continuing to work with Scott, John and the rest of our leadership team as we extend our presence as a leader in providing brokerage and advisory services and solutions to banks and credit unions across the country."

Houston thanked the firm for supporting his transition to a new role. "I am excited for what the future holds for me and my family as we return to our longtime hometown area, and am pleased to continue to be a part of the division under Tim's leadership," he said.

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