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January 30, 2018

Baird appoints ex-RBC Wealth Management chief as vice chairman

American wealth manager Baird has hired John Taft, the former CEO of RBC Wealth Management, to serve as its new vice chairman.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Taft, who has an experience of over 35 years in the industry, will initially focus on partnering with Baird’s Private Wealth Management leadership team to further key priorities. He will also join Baird’s executive committee.

Taft most recently worked in a consulting capacity at Deloitte & Touche. He led RBC Wealth Management between 2005 and 2016.

He previously also served as the chairman of the Securities Industry and Financial Markets Association (SIFMA), president and CEO at Voyageur Asset Management, president and CEO at Dougherty Summit Securities, board member at Segall Bryant & Hamill, The Clifton Group and Columbia Threadneedle Funds, and managing director at Piper, Jaffray & Hopwood.

Baird president and CEO Steve Booth said: “John is very highly regarded for his industry knowledge and leadership, his tremendous record of success and his ability to make the deep personal connections that are so important in this business.

“He will be a wonderful addition to Baird’s senior leadership team and we could not be more proud that he has chosen to continue his exemplary career at Baird.”

 

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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