CreateProcess() is an arcane beast. I remember unfondly my first frustrations with it. You should look at the Microsoft CreateProcess Example and the CreateProcess Page. (those links likely have a short lifetime, Googling CreateProcess should work just as well).
I can see 3 problems in your code.
StartupInfo must have "cb" set to the structure size:
STARTUPINFO StartupInfo = {0};
StartupInfo.cb = sizeof(StartupInfo);
The second argument requires both the command and the arguments to form the command line. Your program will see "-wait" as argv[0] and ignore it or pay it no mind.
char command[512];
sprintf(command, "%s -wait", name);
BOOL res = CreateProcess(name, command, // and as you had before
You don't look at GetLastError() if CreateProcess() fails (by returning a zero). It may have helped you but I suspect it would just say "invalid argument" or somesuch. Hey, there's only 10 of them to check, don't be lazy :-)
Another bug I committed is not closing the hProcess and/or hThread handles return in PROCESS_INFORMATION when I was done. I did do hProcess, but not hThread.