CHICAGO — Richard Ciccarone — a prominent voice for buyside municipal research — will retire from his post as chief research officer at McDonnell Investment Management LLC to devote more time to expand his Merritt Research database and — he hopes — to carve out more leisure time in his day.

Ciccarone, 61, said it's with reluctance that he's retiring at the end of the year from the position but that he couldn't envision any other way to expand his side projects — including the website — and squeeze out more free time.

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