Baird Fixed Income Adds Bryan Derdenger, Establishes Municipal Underwriting Operations in Chicago
CHICAGO, Nov. 14, 2019 – Baird, an employee-owned, international wealth management, asset management, investment banking/capital markets and private equity firm, announced today that it has added municipal underwriter Bryan Derdenger as Managing Director to lead Baird’s Municipal Underwriting Desk in Chicago, Baird’s second largest market outside of its Milwaukee headquarters. Primarily focusing on negotiated sales, he will support the firm’s Public Finance business as it continues to expand and diversify its sector expertise and national presence.
Derdenger brings more than 17 years of experience to Baird, most recently serving as the sole negotiated underwriter and head of public finance quantitative analytics and credit committee at Hutchinson, Shockey, Erley & Co. (“HSE”). Since 2011, Derdenger served as underwriter on over $62 billion in securities in states across the country with his primary focus in Texas, Wisconsin, Michigan and Illinois and experience in Arizona, California, Georgia, Indiana, Kansas, Kentucky, Mississippi, Nevada and New Mexico. Over the course of his career, Derdenger has priced issues in various sectors including major cities and special districts, school districts, healthcare and senior living, higher education, states and local governments. Derdenger earned a BA from George Washington University in Washington, D.C., and an MBA from the University of Chicago Booth School of Business.
With the addition of Derdenger, Baird has eight underwriters and five underwriting desks, further strengthening the firm’s municipal platform to support public finance issuers.
“Bryan is a multi-faceted talent and we are very fortunate to have him join our team,” said Drew Kanyer, Head of Baird Municipal Sales, Trading and Underwriting. “The depth of experience he has in municipal underwriting and trading and assisting public finance bankers will be invaluable, and will complement our existing platform of senior leaders and up and coming young professionals as we continue to expand to better serve our clients and investors.”
Baird’s municipal platform has grown over the past year through strategic recruitment efforts nationally. In 2019, Baird added a municipal underwriting desk in Florida and senior level public finance bankers in Indiana, Kentucky, Minnesota, Missouri, New Jersey, Pennsylvania and Wisconsin. To date, Baird’s municipal platform has more than 150 professionals which includes 20 underwriters and traders, 40 salespersons and nearly 100 public finance professionals.
About Baird Municipal Underwriting, Sales and Trading and Public Finance
Baird is a full-service broker-dealer firm that provides municipal underwriting, financial advisory and placement agent services to K-12/ISD Education, Charter Schools, Municipalities, Counties, Special Districts and Authorities, States, Developers, Higher Education and Healthcare entities. According to Ipreo MuniAnalytics, for the 10th consecutive year, and so far in 2019, Baird ranked as the No. 1 municipal underwriter by number of issues. For the first three quarters of 2019, Baird ranked as the No. 9 municipal underwriter overall and No. 1 for issues $100 million or less by par amount. Since 2009, Baird has provided services to municipal issuers in all 50 states as well as Washington, D.C.
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 more than 4,500 associates serving the needs of individual, corporate, institutional and municipal clients and $285 billion in client assets as of June 30, 2019. 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 www.rwbaird.com.
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Baird Public Relations