Baird says it promoted Laura Thurow, CFA, to the role of director of wealth solutions and operations for its Private Wealth Management business; she will also join the firm’s executive committee.
Thurow is succeeding Chief Operations Officer Russell Schwei, who is set to retire in late 2019 after some 35 years with the Baird. For the remainder of his tenure, he will serve as a vice chairman and focus on several firm-level initiatives while supporting the transition.
“Under Russ and Laura’s leadership, Baird’s operations and wealth solutions groups have contributed tremendously to the ongoing success of our business,” said Mike Schroeder, president of Baird Private Wealth Management, in a statement. “We are confident that this new model will further optimize the cohesive and seamless delivery of our wealth solutions and back office support as we continue to grow our business….”
In her new role, Thurow will lead the people, platforms and back-office services that support Baird’s 850 financial advisors, who have assets of over $135 billion.