Thomas Weisel CFO Makes Jump to Vector
Baylor will exit the investment bank to join Vector Capital
March 10, 2008
David Baylor, CFO and chief operating officer of Thomas Weisel Partners Group (TWPG), has resigned from the listed San Francisco investment bank to join Vector Capital, a technology-focused private equity firm.
Baylor’s resignation is effective immediately, and he is replaced by Lionel Conacher, who will function as COO in addition to his present role as company President.
“Working at Thomas Wiesel partners has always been a challenging and rewarding experience. It’s a great firm and is well on its way to becoming the premier growth focused investment bank,” Baylor said.
Michael Adams, an analyst at Sandler O’Neill + Partners did not change the 2008 and 2009 EPS estimates, price target, or rating for TWPG.
Lauren Smith Keefe, an analyst with brokerage firm Keefe, Bruyette & Woods stated in a research note, "The nature of [Baylor’s] departure appears to be amicable as he agreed to stay on during the search for a permanent CFO and through the filing of the firm's annual report."
Alex Slusky, founder and managing partner of Vector, speaking with MergersUnleashed, confirmed that Baylor will join the firm, but declined to comment further.
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