227 West Monroe Street, Suite 2300
Chicago, IL 60606
Larry joined Baird in 2018 with more than 30 years of public finance expertise and established Baird’s Public Finance operations in Chicago. Prior to joining Baird, Larry led the Midwest Public Finance operations for another firm, where he worked with major State and State Authority issuers across the country specializing in municipal and structured finance deals. Larry coordinated over 600 transactions with a par mount in excess of $145 billion, including over $14 billion in senior managed business. Earlier in his career, he served as the director of economic development with the City of St. Louis Economic Development Corporation, and as a program coordinator with the Illinois Development Finance Authority. Larry earned a bachelor’s degree in economics from Swarthmore College in Pennsylvania, and an M.B.A. in finance from the Wharton School at the University of Pennsylvania.
Thomas J. Gavin
Managing Director & Branch Manager
Tom has over 40 years of experience in public finance and has been with Baird since 1994. He has managed extensive public finance activities including the coordination of up to $3 billion of financings per year.
Tom has worked directly with many Midwestern issuers and his experience has included key roles in financings for the States of Illinois, Michigan and Nevada; the Chicago Transit Authority; the Counties of Cook and DuPage, Illinois and Oakland, Michigan; and the Cities of Baltimore, Chicago and Detroit. He has structured many state and local government, tax increment, recreation, transportation, public power, university, housing, hospital and industrial development financings. Three of the transactions on which he served were named “Deal of the Year” by the Bond Buyer.
Tom is licensed through the Financial Industry Regulatory Authority (FINRA) as a General and Municipal Securities Representative (Series 7 and Series 52) and is a registered Municipal Securities Rulemaking Board Municipal Advisor (MSRB) (Series 50). He received his Bachelor of Science Degree in Accounting from Wayne State University in Detroit, Michigan.
Stephan C. Roberts
Stephan joined the Baird public finance team in 1998. Since then he has provided issuers, large and small, with leadership and investment banking expertise. Stephen provides services to such clients as the Counties of Rock Island and Winnebago County, the Cities of Moline, Rock Island, Rochelle, and the Villages of Tinley Park and Hoffman Estates. He also serves a wide range of local Midwest clients. In total, he has served on over $15 billion in bonds. He brings innovative ideas to clients’ unique needs and will continue to provide the same level of service to his clients. Testament to this was his participation on The Bond Buyer’s Midwest Regional Deal of the Year Award in 2005 and National Non Traditional Deal of the Year Award in 2009.
Stephan is a graduate of North Central College, in Naperville, Illinois where he graduated Summa Cum Laude in Finance. He is licensed through the Financial Regulatory Authority (FINRA) as a General and Municipal Securities Representative (Series 7 and 52), is a registered Municipal Securities Rulemaking Board Municipal Advisor (MSRB) (Series 50), and a Uniform Securities Agent (Series 63).
Senior Vice President
Dalena has been a member of Baird’s public finance team since 2004. She has assisted many Illinois issuers with their bond transactions such as the Cities of Champaign, East Peoria and Streator and the Villages of Bedford Park, Oswego and Plainfield. Her experience cuts across many types of financings including advance and current refundings, general obligation and revenue, special district, water and sewer, tax increment, school, and higher education.
Dalena graduated Magna Cum Laude from Benedictine University in Lisle, Illinois where she received a Bachelor’s of Business Administration in Finance with a minor in International Business and Economics. She is licensed through the Financial Industry Regulatory Authority (FINRA) as a Municipal Securities Representative (Series 52) and is a registered Municipal Securities Rulemaking Board Municipal Advisor (MSRB) (Series 50).
Andrew T. Arndt
Andy joined Baird in 2004 as an intern and spent several years as a Quantitative Analyst. Now, he is primarily responsible for providing debt management and creative debt structuring solutions to fit the needs of Illinois School and Park Districts. His experience includes assisting in the issuance of over $2 Billion in Taxable and Tax Exempt General Obligation, Alternate Revenue Source, Voter Approved Obligations, Debt Certificates and Sales Tax Backed financing projects, including many combination financings comprised of refunding and new money components. He currently works with the 2nd largest school district in Illinois outside of Chicago. He earned a BS in Computer Science from Benedictine University. He is licensed through the Financial Regulatory Authority (FINRA) as a General and Municipal Securities Representative (Series 52), is a registered Municipal Securities Rulemaking Board Municipal Advisor (MSRB) (Series 50), and a Uniform Securities Agent (Series 63).