Baird, a US-based international wealth management firm, has named Steve Booth as its president.
In addition to his new role, Booth will also continue with his current responsibilities as chief operating officer and co-head of Baird’s Equity Capital Markets (ECM) business.
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Baird said that Booth was named as COO in 2013 as part of a plan that calls for him to succeed Baird chairman and CEO Paul Purcell and become CEO in January 2016.
Following his appointment, Booth has also transitioned leadership of Global Investment Banking to two Baird bankers, Brian Doyal and Brian McDonagh and will continue to work closely with them to help the banking team pursue its opportunities.
Booth joined Baird in 1994 and first led the firm’s Investment Banking Industrials Group, then Baird’s Global M&A business before also becoming director of investment banking and co-managing equity capital markets.
Commenting on the appointment, Purcell said: "Booth and I have a very strong relationship that goes back more than 20 years. I couldn’t be prouder of what our employee-owned firm has accomplished so far and I’m confident Booth can help take Baird even further."
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By GlobalData
