Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An $85B-AUM AM's Equity Chair Departs Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 09, 2019

An $85B-AUM AM's Equity Chair Departs

News summary by MFWire's editors

The equity chair of an $85-billion-AUM asset manager has left the company after 33 years.

Leadership at Milwaukee-based Robert W. Baird [profile] recently informed employees via memo that equity asset management chairman Bill Mahler has been fired, Financial Planning reports. Per Finra and SEC data, Mahler's registration with Baird ended last Thursday, October 3.

"Following an internal review, Bill Mahler ... is no longer with the firm, effective immediately, as a result of conduct that does not align with our expectations of Baird associates," Baird chairman Paul Purcell and CEO Steve Booth reportedly wrote in that memo, without going into specifics or specifying a successor for Mahler.

A Baird spokesman's comment to FP echoed the language in the memo about "conduct that does not align with ... expectations." Mahler did not comment to the trade publication.

William Walter Mahler also served as Baird's equity capital markets chairman, as a Baird managing director, and as a director of Greenhouse Funds (a hedge fund shop that Baird holds a minority stake in). He joined Baird in 1986 and is an alumnus of Southern Methodist University.

Baird's asset management arm, which includes Baird Advisors and Baird Equity Asset Management, had more than $85 billion in AUM as of June 30, 2019. That includes $6 billion in AUM on the equity side. As of September 30, Baird's mutual funds held more than $62 billion in AUM. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use