Two new members have been added to the Raymond James Financial Inc. Board of Directors, Raymond James announced Monday.

Jeffrey N. Edwards and Benjamin C. Esty have joined the board. Chet Helck, who previously announced his retirement as CEO of Raymond James’ Private Client Group, declined to stand for re-election to the board.

Edwards, 52, has been chief operating officer of New Vernon Advisers LP, a Jersey City, N.J.-based registered investment advisor, since 2009. 

Esty, 51, has been the Roy and Elizabeth Simmons Professor of Business Administration at the Harvard Graduate School of Business Administration since 2005, and head of the school’s finance unit since 2009.