For Immediate Release
For additional information, contact:
Baird Public Relations
Louisville, Ky., April 30, 2019 - Hilliard Lyons Trust Company today announced the promotion of three Trust Company leaders and the expansion of its board to best position the organization for long-term success and growth. Effective immediately:
- Don Asfahl, J.D., CFA®, who served as President of the Trust Company for more than 15 years, has been promoted to the position of Chairman, and will focus primarily on maintaining and building Trust Company client and advisor relationships. He joined Hilliard Lyons in 1996.
- Mark K. Nickel, CFP®, who first joined Hilliard Lyons in 2002, has been promoted to President and Chief Investment Officer of the Trust Company. In his new role, Nickel will lead the Trust Company, and will work on strategic initiatives and growth opportunities.
- Chris Staples, J.D., has been named Chief Operating Officer of the Trust Company, a new role. He will be responsible for the daily operations of the Trust Company. He joined Hilliard Lyons in 2014.
Earlier this month, Hilliard Lyons Trust Company, along with Hilliard Lyons, became a wholly owned subsidiary of Baird, an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm headquartered in Milwaukee, Wis. Hilliard Lyons and Hilliard Lyons Trust Company are both headquartered in Louisville, Ky.
“For more than 35 years, Hilliard Lyons Trust Company has helped its clients create and protect wealth, and plan for its efficient and effective transfer to the next generation,” said Jim Allen, Chairman and CEO of Hilliard Lyons. “Don, Mark and Chris are highly regarded within the industry and by their peers for their deep knowledge and expertise. We’re confident an expanded leadership team will further ensure the continued success of the Trust Company and the clients we serve.”
The Trust Company’s reconstituted Board of Directors includes Allen, Asfahl, Nickel and Staples as well as Steve Booth, Baird President & CEO; Paul Purcell, Chairman of Baird; John Taft, Baird Vice Chairman; Mike Schroeder, President of Baird Private Wealth Management; and Laura Thurow, CFA®, Director of Wealth Solutions and Operations for Baird Private Wealth Management.
"With the need for trust, estate and specialized asset management services growing and the tremendous potential our joining Baird creates, the Trust Company’s future is very bright,” Asfahl said. “We’re confident these new roles and expanded board will position us to best support our clients and the financial advisors and others who work in partnership with the Trust Company and our associates.”
About Hilliard Lyons Trust Company
Hilliard Lyons Trust Company provides asset management, estate planning, wealth transfer tax planning, and trust services to high-net-worth clients. The Trust Company is staffed by a multidis¬ciplinary team including estate planners, trust and estate administrators, and investment profes¬sionals, and is one of the nation’s largest regional trust companies, with approximately $10.5 billion in client assets. For more information, please visit the Trust Company’s website at https://hilliard.com/trust-company.
Celebrating its 100th anniversary in 2019, Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Baird has approximately 3,500 associates serving the needs of individual, corporate, institutional and municipal clients and more than $208 billion in client assets as of Dec. 31, 2018. Committed to being a great workplace, Baird ranked No. 16 on FORTUNE’s 2019 100 Best Companies to Work For list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.