MILWAUKEE, July 29, 2019 – Employee-owned Baird announced today that veteran municipal bond portfolio manager Lyle Fitterer will join the Baird Advisors team on August 6. Fitterer will co-lead the municipal investment team with Duane McAllister and will become part of Baird Advisors’ senior management team.

“As our business continues to grow, we remain focused on strengthening our team to assure that we continue to deliver the results our clients expect,” said Mary Ellen Stanek, Chief Investment Officer. “The opportunity to add an investment professional of Lyle’s caliber makes immense sense, and we are very excited to have him on our team.” Baird Advisors currently manages more than $80 billion of client assets.

Fitterer spent more than 30 years at Wells Fargo Asset Management where he led the municipal fixed income team and co-led the global fixed income team. He is a proven municipal bond manager with a long-term track record. Fitterer retired at age 52 from Wells Fargo in June with plans to remain in Milwaukee and stay in the investment industry.

Fitterer will co-lead Baird Advisors’ municipal team with Duane McAllister. McAllister and Fitterer worked together at Wells Fargo and share a similar and consistent investment approach. McAllister joined Baird a little over four years ago and helped broaden Baird Advisors’ municipal offerings to better meet client needs. With Fitterer on board, the team will consider launching additional municipal funds/strategies.

“I couldn’t be more excited to work side-by-side with Lyle once again,” said McAllister, Senior Portfolio Manager. “In addition to being one of the most talented fixed income managers around, he is also a good friend and someone who will be a great cultural fit for Baird Advisors.”

“This represents an opportunity to serve in a senior role at an established institutional bond manager with a stellar national reputation,” said Fitterer. “It also offers the opportunity to work again with Duane and to be part of a private/employee-owned firm. I look forward to being part of Baird’s team-oriented, client-first culture.”

About Baird Advisors
Baird Advisors is Baird’s fixed income asset management division and advisor to the Baird Bond Funds. The group manages more than $80 billion in taxable and tax-exempt fixed income portfolios including Baird Ultra Short Bond Fund, Baird Short-Term Bond Fund, Baird Intermediate Bond Fund, Baird Aggregate Bond Fund, Baird Core Plus Bond Fund, Baird Short-Term Municipal Bond Fund, Baird Core Intermediate Municipal Bond Fund, and Baird Quality Intermediate Municipal Bond Fund. For more information, visit

About Baird
Celebrating its 100th anniversary in 2019, Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Baird has approximately 4,500 associates serving the needs of individual, corporate, institutional and municipal clients. Committed to being a great workplace, Baird ranked No. 16 on FORTUNE’s 2019 100 Best Companies to Work For list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at

For additional information, contact:
Jody Lowe