Richard joined the Walsh Jesuit Board in 2014. He is the President and Chief Executive Officer of Merritt Research Services, LLC, an independent municipal bond data and research company based in Chicago with its principal operations in Hiawatha, Iowa. He is also co-owner and co-publisher of MuniNetguide.com
Richard has over 35 years of investment management and research experience, specializing in municipal bonds. Until his retirement in 2013, he was a Managing Director and the Chief Research Officer at McDonnell Investment Management, LLC, an institutional fixed income management firm based in Oak Brook, Illinois. Prior to McDonnell, he held management roles in asset management and fixed income research for Van Kampen Investments, Inc., EVEREN Securities, Inc. as well as its predecessor firms (Kemper Securities, Inc. and Blunt Ellis & Loewi, Inc.), and Harris Bank. He is a co-founder and past national Chairman of the National Federation of Municipal Analysts (NFMA). Richard served as President of the Society of Municipal Analysts and the Chicago Municipal Analysts Society and is a past member of the Governmental Accounting Standards Advisory Council. He is currently an Executive board member of the Civic Federation of Chicago and the Board of Directors of the Hinsdale Hospital Foundation. He has served as an elected trustee of the Village of Hinsdale, IL, as well as a former board member of the Firefighters Pension Fund and the Village’s Plan Commission. He and his wife, Marilyn, are active members of St. Isaac Jogues Parish in Hinsdale, IL. Richard has received numerous awards and distinctions from Institutional Investor magazine, Smith’s Research & Gradings, and The Bond Buyer for his work related to municipal bond research. He has received a Lifetime Achievement Award from Smith’s Research & Gradings and a Career Achievement Award from the NFMA. He has written a number of articles on municipal finance and is frequently cited in the national media on municipal bonds. He earned his Bachelor’s degree from Miami University (Oxford, OH) and his Master’s from The University of Akron.