Agency brokerage firm JonesTrading Institutional Services announced today that Will Geyer, president and CEO, has left the firm to pursue other opportunities.

Packy Jones, chairman of JonesTrading, will assume the responsibilities of president and CEO. There are no other changes to the company’s management.

According to a statement from the firm, over the course of the last year, JonesTrading has undertaken a series of strategic moves and has built both the size and scope of its operations. According to the firm, Geyer was instrumental in expanding the types of instruments traded, expanding the firm regionally, helping the firm move into international trading, and integrating electronic platforms into the JonesTrading model. Now that these initiatives are complete, Geyer has decided to pursue other opportunities.

“During his tenure at JonesTrading, Will Geyer has been an integral part of the team that brought expansion to the firm and its growth in the marketplace,” said Jones. “We are grateful for the contributions he has made and wish him well as he moves to pursue new opportunities.”