Baird Public Finance Adds David Ulbricht in Portland, Looks to Recruit and Expand in Western U.S.

MILWAUKEE, Nov. 17, 2011
Baird, an employee-owned, international capital markets, wealth management, private equity and asset management firm, today announced that it has added David Ulbricht, Managing Director, to its Public Finance business in Portland, Ore., further deepening the firm’s public financing talent and expertise and expanding the business’ geographic footprint. Ulbricht, a 23-year veteran of municipal banking, will continue to provide public financings for issuers in the northwest. Ulbricht has extensive experience with fire and emergency service districts throughout the region.

Ulbricht most recently worked as Managing Director and Manager Northwest/Intermountain Public Finance at Wedbush Securities Inc. in Portland. Prior to his time at Wedbush, he worked at RBC Dain Rauscher, Inc. as Senior Vice President – Capital Markets (Fixed Income). Ulbricht is a graduate of Oregon State University with a degree in Business Administration.

“David will be a valuable asset to Baird’s Public Finance team,” said Keith Kolb, Managing Director and Director of Baird’s Public Finance group. “His tremendous track record of success, strong client relationships and deep expertise align perfectly with our business as we continue to expand our western footprint.”

Baird’s Public Finance and Fixed Income Sales and Trading businesses are looking to recruit more top talent in Portland and the rest of the Western U.S., augmenting the firm’s growth and expansion in the region. In April 2010 Baird opened a wealth management office in Portland, and just 18 months later the firm has nearly a dozen wealth management professionals working from the new office. In San Francisco, Baird has added a Fixed Income Desk, including tax-exempt and taxable sales and trading. The firm now has more than 50 Investment Banking, Institutional Sales and Trading, Fixed Income Sales and Trading, Private Wealth Management and Equity Research professionals working from its San Francisco offices.

“Baird is actively looking for top public finance talent in the Western U.S., specifically in northern California, Oregon and Washington,” said Kolb. “We think there are tremendous opportunities in the current environment to enhance our already strong platform. As an independent and employee owned firm, we’re able to continue investing in the business with an eye to the long-term growth and success of Baird and our clients.”

Since 2005, Baird’s Public Finance business has expanded greatly, growing from five offices and 50 associates to 13 offices and 80 associates. During the 2009 downturn, the business added bankers and opened offices in several new markets such as Philadelphia, Pa., Denver, Colo., Atlanta, Ga. and Winston-Salem, N.C. The steady successful recruitment of top talent and expanding footprint has enabled Baird’s Public Finance business to grow its market share.

About Baird’s Public Finance Group
Baird is a major underwriter and financial advisor to municipalities, schools, government agencies, nonprofits and corporations. During the past five years, Baird has served as advisor, underwriter or placement agent for debt issues exceeding $110 billion. For the first nine months of 2011, Baird ranked as the No. 1 municipal bond underwriter in the nation based on the number of competitive and negotiated issues, according to Thomson Reuters. Baird also ranked among the top 10 underwriters of issues of $100 million or less, based on the par value of these issues. Baird was honored by The Bond Buyer as underwriter for the “Small Issue Deal of the Year in 2011, “Nontraditional Financing Deal of the Year” in 2009 and advisor of the “Midwest Regional Deal of the Year” in 2007.

About Baird
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,600 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of more than $88 billion. Committed to being a great place to work, Baird ranked number 14 on the FORTUNE’s “100 Best Companies to Work For” in 2011 -- its eighth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s private equity operations. For more information, please visit Baird’s Web site at