Raymond James has hired Jacob Czarnick as a managing director for its recapitalization and restructuring investment banking practice. Based in New York City, Czarnick joins Raymond James from Perella Weinberg Partners.
ST. PETERSBURG, Fla. ─ Raymond James is expanding its Recapitalization & Restructuring Investment Banking practice with the hiring of Jacob Czarnick as managing director. Czarnick will focus on restructuring and will use his deep knowledge of both company and creditor engagements to assist clients in navigating complex distressed transactions.
With more than 10 years of restructuring and 18 years of investment banking experience, Czarnick will provide clients with expertise in developing, negotiating and implementing balance sheet strategies that maximize recoveries for clients on an out-of-court and in-court basis. He has been involved in notable cases including American Tire Distributors, Bonanza Creek Energy, Calfrac Well Services, Eastman Kodak, Foresight Energy, Global Eagle Entertainment, and Pacific Gas & Electric, among others. He will partner with industry bankers across all sector verticals and serve as an additional resource to clients with a specific need for restructuring expertise.
“Jacob is a talented banker with a diverse skillset and cross-functional experience in a number of sectors that align well with Raymond James’ industry teams, making his advice and relationships incredibly valuable to our client base,” said Geoffrey Richards, head of the Recapitalization & Restructuring Investment Banking team. “Jacob strengthens our team of 12 senior bankers as well as the specialized capabilities offered to companies and stakeholders contending with financial distress, including pre-crisis situations, out-of-court workouts and court supervised reorganizations.”
Based in New York City, Czarnick joins Raymond James from Perella Weinberg Partners. He has additional experience in M&A as well as the financial technology, financial institutions, healthcare and energy sectors in previous positions at other firms.
“Raymond James has built a talented team of recapitalization and restructuring professionals,” said Czarnick. “The service offerings, platform and distinctive insights offered to clients is a real differentiator that I’m proud to be a part of.”
About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2015, we have participated in raising nearly $300 billion in capital for our corporate clients and completed over 925 advisory assignments, including nearly 800 M&A buy-side or sell-side advisory assignments.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,200 financial advisors. Total client assets are $1.06 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.