Baird wealth executive Wypiszenski leaves firm

By Helen Kearney

NEW YORK (BestGrowthStock) – Baird Private Wealth Management said on Wednesday that Chief Operating Officer Denise Wypiszenski, a former Smith Barney executive who oversaw Baird’s rapid expansion, has left the firm after less than a year on the job.

Wypiszenski joined closely held Baird in November 2009 from Morgan Stanley Smith Barney, where she had served as chief operating officer for that company’s western U.S. division. Baird declined to say when she departed or whether a successor had been named.

“Denise made the decision to leave Baird to pursue other opportunities,” Baird spokesman John Rumpf said in a statement.

Wypiszenski created a stir in the brokerage industry since jumping to Milwaukee-based Baird, where she oversaw the hiring of dozens of advisers. She also recruited branch managers and opened offices in a number of new cities for Baird.

Of the nine branch managers hired by Baird so far this year, seven were former Smith Barney employees. A number of ex-Smith Barney advisers have also joined the firm.

Wypiszenski spent 15 years at Smith Barney in a number of management and recruiting roles, leaving shortly after Morgan Stanley (MS.N: ) (Read more about the money market today. ) acquired control of Citigroup’s (C.N: ) Smith Barney in June last year.

(Reporting by Helen Kearney; Additional reporting by Rob Basler; Editing by Steve Orlofsky)

Baird wealth executive Wypiszenski leaves firm