Milwaukee-based Robert W. Baird & Co. Inc. today announced that Jon Langenfeld has been promoted to head of global equities with overall responsibility for Baird’s equity research, sales and trading operations.
Langenfeld takes on the new role in addition to his current responsibilities as director of research. Langenfeld has also been named co-head of Baird’s overall Equity Capital Markets business and becomes a member of Baird’s executive committee.
Langenfeld replaces Bob Venable, who joined Baird in 1996 and who most recently headed Baird’s Institutional Equity Services business and co-led Baird’s Equity Capital Markets business. Venable, also a member of Baird’s board of directors and executive committee, will continue at the firm for the next few months to help facilitate a smooth transition.
“Bob Venable has been a valuable member of Baird’s leadership and a key contributor to the firm’s success,” said Baird chairman, president and chief executive officer Paul Purcell. “While we had hoped he would stay on as part of our leadership team, we understand his desire to explore other opportunities. I’m confident he will do well in whatever he chooses as a next step.”
Langenfeld joined Baird in 2000 and distinguished himself as one of Baird’s most accomplished senior research analysts. He became associate director of research in 2008, co-director in 2010 and director of equity research in 2011.
In addition to Langenfeld’s new role, Dan Renouard has been promoted to head of U.S. sales. Renouard continues as Baird’s COO of Global Equities and co-head of global trading.
“We’ve continued to invest in our Equity Capital Markets business, deepening our skill set and broadening our reach to best serve our clients’ needs,” Purcell said. “As a result, we continue to gain market share. We have great leadership across our ECM business and Jon is particularly well suited to help us continue our record of success.”