Ciccarone Focuses on Merritt as Retirement Includes Web

Richard Ciccarone, chief research officer at McDonnell Investment Management, will focus on his other companies tracking local governments and the $3.7 trillion U.S. municipal market when he retires from the firm at the end of the year.

Ciccarone, 61, who’s spent more than 35 years in the investment industry, will concentrate on his position as chief executive officer of Merritt Research Services LLC, a municipal-bond research company. The majority owner of Hiawatha, Iowa-based Merritt, Ciccarone will work from Chicago, he said in an interview from Oak Brook, Illinois, where McDonnell is based.