Raymond James has hired Brian Murchie as managing director in the firm’s financial sponsors investment banking practice.

Murchie joins Raymond James from Stifel’s financial sponsors practice. At Raymond James, Murchie will develop their relationships with private equity firms on the West Coast.

“Brian is a talented professional known for his commitment to working hard and driving results for clients,” said David Clark, head of the financial sponsors group. “The number of our transactions involving financial sponsors has grown tremendously in recent years thanks to the contributions of everyone on the Financial Sponsors team, and adding Brian positions us for continued growth in the private equity community.”