Banking & Finance

Robert W. Baird & Co. Inc. announced it has hired Mark Stevanovic as senior vice president to open a new wealth management office in Portland, Maine.

Madison-based First Business Financial Services Inc., the parent company of First Business Bank and First Business Bank-Milwaukee, reported record full year 2011 net income of $8.4 million.

With the demand for property and casualty insurance rising as the economy rebounds, Acuity announced it will need to hire 50 additional employees at its Sheboygan headquarters and throughout its 20-state operations.

PNC Bank named Christopher Goller as regional president of Wisconsin.

Milwaukee mergers and acquisitions advisory firm Bridgewood Advisors Inc. has completed the sale of Menomonie-based Polymer Technology Corp.

Milwaukee mergers and acquisitions advisory firm Bridgewood Advisors Inc. has completed the sale of Menomonie-based Polymer Technology Corp. The plastic injection molding company, which focuses on the medical and life sciences markets, was acquired by two private equity firms. Read more in the new edition of the BizTimes Money Weekly.

Financial resources

Mergers & Acquisitions

Tom Goris Jr., managing partner of Northwestern Mutual Life Insurance subsidiary Cornerstone Financial Group, will leave the Milwaukee office on June 1 and will accept a similar position in the Chicago market.

Brass Ring Capital has completed fundraising for its second private equity fund, called RCP Fund II.