Baird named Laura Thurow the successor to Russell Schwei, the firm’s chief operations officer who plans to retire at the end of 2019 after 34 years with the company.
The financial services firm that oversees $203 billion in client assets said on Monday that Thurow was promoted to Director of Wealth Solutions and Operations of the Private Wealth Business and that she will serve as a member of Baird’s executive committee in her new role. She will be one of three committee members who joined Baird as interns and remained with the firm, the company said.
Baird’s Private Wealth Management business has 94 locations in 30 states and oversees more than $135 billion in client assets.
Schwei is also a member of the executive committee and will continue as a vice chairman while working on a number of firm-level initiatives during the transition. Before he was Baird’s chief operations officer, Schwei served as CFO in 1999 and chief information officer from 2005 through 2009.