Open Menu BAIRD BAIRD

Beyond Milestones   2013 Annual Report

Equity Capital Markets

Across Equity Capital Markets, we operate as one global team to ensure that all of our capabilities are aligned to deliver the best possible outcomes for clients.

250 bankers
250 bankers

Our "one team" approach, reinforced by a structure that fosters collaboration, allows Investment Banking to work seamlessly across geographies and industries.

17,0000+ connections
17,0000+ connections

During 2013, we arranged more than 17,000 company-investor connections through company visits, one-on-one meetings at Baird conferences and management trips to institutional clients.

125 equity issues
125 equity issues

We completed a record 125 equity underwritings during 2013, with a total value of $40 billion. The amount raised doubled our previous record of $20 billion set in 2012.

Finsbury Circus House, our new London headquarters
30 countries

Over the past decade, our Equity Capital Markets teams have done business with companies and institutions in 30 countries.

Finsbury Circus House, our new London headquarters

Growth in equity trading volume

Growth in equity trading volume
Over the past five years, Baird's institutional equity trading volume has grown 18% while U.S. market volume has fallen 30%. Our commitment to being a trusted, long-term partner and steadily expanding our trading platform has contributed to consistent gains in market share.

Institutional Equities & Research

Baird's sustained investment in expanding our Institutional Equities & Research platform drove strong performance during 2013. Baird's top-ranked sales and trading teams helped increase trading volume 8% compared to a U.S. industry decline of 3%, leading to another year of solid market share and revenue gains.

Our Institutional Equities & Research team takes a knowledge-based approach that we believe creates tangible value for clients. Our sales and trading professionals leverage their detailed knowledge of client portfolios to help clients meet their objectives. We also remain committed to excellence in fundamental investment research. Baird now covers 713 companies, an increase of 33% over the past five years. During 2013, the Greenwich survey* of fund managers named Baird the No. 1 "most trusted" source of equity research for the 10th consecutive year. Similarly, we believe there is mutual benefit in bringing together company managements and institutional investors. We arranged thousands of these connections through conferences, company visits and management trips, earning Baird the Greenwich survey's No. 1 ranking for "access to small-/mid-cap companies' management."

Investment Banking

Baird's Investment Banking group provides comprehensive advisory, equity financing and restructuring services through an integrated, cross-border team based in the United States, Europe and Asia. Continued investments to enhance our global capabilities resulted in record revenues in 2013.

For the third consecutive year, we achieved record performance in our equity financing business. We completed 125 financings versus 79 in 2012, representing a broad yet balanced mix of underwriting activity across all of our industry teams. Our activity included a record number of initial public offerings and transactions on which we served as a book runner or lead manager. This strong performance drove significant market share gains. We have become a middle-market leader in equity origination while maintaining our steadfast commitment to independent research excellence and a balanced institutional sales and trading model.

Investment Banking also has a leading middle-market presence in advising corporations, financial sponsors and entrepreneurs on merger and acquisition transactions. We advised on more than 60 M&A transactions with a value exceeding $17 billion during 2013. More than a third of these deals involved an international party, and 81% included a financial sponsor. We continued to strengthen our team through promotions and new hires. We added 20 professionals and broadened our capabilities in Healthcare, Europe and our Financial Sponsor Group.

* Greenwich Associates U.S. Equity Investors - Small/Mid-Cap Funds, 2004-2013. May 2013 survey conducted with 88 U.S. small-cap and mid-cap fund managers.

Top