March 19 (Reuters) - Raymond James Financial said on Tuesday Chief Financial Officer Paul Shoukry has been appointed president and will become the firm's top boss in fiscal year 2025.

Shoukry, who will retain his current responsibilities until he transitions to the CEO role, would become only the fourth chief executive in its history, according to the bank.

Outgoing CEO Paul Reilly would remain on the board as executive chair.

The financial services firm also appointed private client group president Scott Curtis to the role of chief operating officer, effective Oct. 1. The current COO Jeff Dowdle will step down at the end of the fiscal year. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Krishna Chandra Eluri)