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The Last Brick

compiled by Christie Ong
The latest COLA alumni news

Rochester Institute of Technology
College of Liberal Arts
Department of Communication

Economics Grad Named Distinguished Alum

by J.S. Ost

Richard Close, a 1991 graduate of Economics, was honored this past February with the Distinguished Alumni Award for the College of Liberal Arts. The award, given to graduates bringing distinction to the College through their professional and/or community achievement, is determined by a committee of faculty and administration members.

After earning his B.S. from RIT, Richard started out in the financial business in San Francisco, where he was living at the time. He later moved to Nashville and took a position at a mutual funds research firm called Equitable Securities. Realizing that he wanted a change of pace, Richard took a job involving equity research with Jefferies, Inc., a global investment bank and international securities firm. Starting out as an associate, Richard worked up to his current position, Managing Director of Equity Research.

In his role as a senior research analyst, Richard’s work focuses on the healthcare industry. He follows specific industry trends as they relate to a client company’s position, products, and objectives. After completing his evaluation, Richard advises his client as to the most promising investment opportunities. His favorite part of the job, he says, is “learning a great deal about different businesses; interacting with investors, CEOs, management teams...[gaining] a balance in perspectives while dealing with many different people.”

During his professional career, Richard was named “Best on the Street” in the Wall Street Journal’s survey of professional analysts in 2001, 2003, and 2005. He also ranked in the ‘top-ten’ of stock-pickers in Starmine’s 2002 annual rankings of sell-side research analysists. Richard has been featured in several industry periodicals and media outlets, including Bloomberg TV, Investor’s Business Daily, the New York Times, and the Washington Post.

Richard notes that his training in research and writing at RIT has been particularly valuable. “The skills I learned as an undergrad, I use at work everyday,” he says.


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