Robert W Baird, a Wisconsin-based investment bank, has established a new corporate restructuring investment banking group and brought in a new managing director to run it.

William Welnhofer comes to the firm after building a 17-year career as a principal at Starshak Welnhofer & Company, the Chicago-based investment banking firm he co-founded. He also was a partner at law firm McBride, Baker & Coles.