DETROIT/February 25, 2004 - Comerica Bank and Robert W. Baird & Co. (Baird), an international wealth management, investment banking, asset management and private equity firm, today announced an alliance to provide Comerica’s professional trustee services to Baird clients.
The alliance enables Baird Financial Advisors to offer their clients a complete array of fiduciary services, including personal trust, estate settlement and institutional trust services. Baird’s more than 650 Financial Advisors will enhance Comerica’s distribution channels.
"We’re excited to join with the Financial Advisors at Baird to offer their clients fiduciary services," said Bob Sajdak, Senior Vice President of Comerica. "Baird shares our passion for serving clients with integrity and professionalism. We look forward to helping Baird clients throughout the country with their trust service needs."
"We are pleased to be able to offer our clients Comerica's trust services," said Bill Nicholson, Director of Private Asset Management for Baird. "Our clients now have access to the most comprehensive trust services possible in all 50 states. At the same time, we can continue to provide them with the investment advisory services they have come to expect from Baird."
About Comerica
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Detroit, strategically aligned into three major lines of business: the Business Bank, Small Business and Personal Financial Services, and Wealth and Institutional Management. Comerica’s more than 11,000 employees focus on relationships, and helping people and businesses be successful. Comerica Bank locations can be found in Michigan, California, Texas and Florida, with select businesses operating in several other states, Canada and Mexico. Munder Capital Management and Comerica Securities are investment services affiliates. Comerica reported total assets of $53 billion at December 31, 2003.
About Baird
Baird, established in 1919, is an international wealth management, investment banking, asset management and private equity firm with offices in the United States, United Kingdom and Germany. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe.
Committed to being a great place to work, in 2004 Robert W. Baird & Co. was included on FORTUNE magazine’s annual list of the "100 Best Companies to Work For." Robert W. Baird & Co. is a member of the New York Stock Exchange and other principal exchanges and the Securities Investor Protection Corporation (SIPC). Robert W. Baird Ltd., a member of the London Stock Exchange, and Granville Baird Capital Partners Ltd. are authorized and regulated in the United Kingdom by the Financial Services Authority. Baird is part of the Northwestern Mutual family of companies. For more information, please visit Baird's Web site at www.rwbaird.com
Comerica Media Contact:
Sara Snyder
(313) 222-9617
slsnyder@comerica.com
Baird Media Contact:
Marianne Foster
Public Relations Coordinator
(414) 298-1906
mfoster@rwbaird.com
