Monday, August 27, 2007

Baird adds trading desks on coasts

said Monday that it has expanded its equity trading platform to include trading desks in Boston, San Francisco, and Stamford, Conn.

Baird said it has added several veteran traders to staff the new desks. The new traders and desks will maintain communication with Baird's Milwaukee headquarters, where the firm's principal trading will continue to be housed.

"We are very well-positioned to continue building on the tremendous growth in our equity research, investment banking and institutional trading businesses," said Baird chairman, president and chief executive officer Paul Purcell.

Ed Quinn, a 16-year veteran of Jefferies & Co., will operate out of Baird's Boston office. Jack Byrne and Brady Muir, traders who both have experience working for Morgan Stanley, will operate the San Francisco desk, while Rick Dunn, formerly of CIBC World Markets, Dresdner Kleinwort Wasserstein, Natwest Markets and Drexel Burnham Lambert, and Adam White, formerly of Prudential, Thomas Weisel and Morgan Stanley, will work the Stamford desk.

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