Booth will be the COO in addition to his current responsibilities as director of investment banking and co-head of Baird’s Equity Capital Markets (ECM) business. Booth will succeed Baird chairman, president and CEO Paul Purcell.
Booth had joined Baird in 1994 and has led its investment banking efforts and also served as co-head of ECM since 2006. Additionally, Booth is a member of Baird’s board of directors and executive committee and chairs the firm’s finance committee.
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Commenting on the appointment, Purcell said: "The selection of Steve Booth as Baird’s COO is the culmination of a very thoughtful and thorough process over the past several years. Steve’s leadership qualities, business acumen and strong knowledge of our businesses make him the best fit for this important role and for helping lead Baird going forward."
Meanwhile, Booth will continue to lead investment banking and serve as the co-head of ECM throughout 2013. And over the course of the year, he will work to transition leadership of Investment Banking to take effect January 2014.
With the strategy being followed by Baird, Booth will be elevated to the position of president effective 1 January 2014 with Purcell continuing as CEO through the end of 2015 and chairman for a few years after that.
