Investment banking and brokerage firm Stephens Inc. has named John Baumgartner managing director and co-head of equity capital markets.

Prior to joining Stephens, Baumgartner served as managing director and head of equity capital markets for Robert W. Baird & Company, where he oversaw Baird’s capital-raising transactions including IPOs, follow-on equity underwritings, block trades and private placements. 

"The firm’s roots in the public equity markets date back to 1970 when Stephens took Wal-Mart public,” Brad Eichler and Kenny Gunderman, co-heads of Stephens’ investment banking unit, said in a statement. “Since that time we have continued to focus on helping high quality companies access equity capital to help grow their businesses.”

“The addition of John highlights our ongoing commitment to this area,” they added.

Baumgartner will be based in the firm’s Dallas office.

"Stephens is one of the most experienced and successful investment banks,” Baumgartner said in a statement. “The firm’s equity underwriting business has a tremendous legacy as well as continued great potential looking forward, and I’m very excited to be part of the team.”

Stephens, headquartered in Little Rock, Ark., provides investment banking, money management, wealth management, securities underwriting, equity research and general securities brokerage and trading services from 24 offices nationwide.