Richard F. Mulligan, Bond Manager

July 15, 2009|By Frederick N. Rasmussen

Richard F. Mulligan, a former longtime manager of the municipal bond department at Alex. Brown & Sons, died Thursday from metastatic melanoma at Gilchrist Center for Hospice Care. He was 76.

Born and raised in New York City, the son of an Empire Trust Co. bank teller and a homemaker, he was a 1950 graduate of Fordham Preparatory School.

After serving in the Army as a private from 1952 to 1954, he went to work at the Federal Reserve Bank and Smith Barney & Co. in New York City, and while attending Fordham University at night, earned a bachelor's degree in 1958.

In 1961, Mr. Mulligan moved to Baltimore, where he establish a municipal bond department at the old Robert Garrett & Sons, at South and Redwood streets.

He was vice chairman and served on the company's board of directors. In 1974, he joined Alex. Brown, which had acquired Robert Garrett.

Mr. Mulligan directed the municipal bond department at Brown until retiring in 1990.

"He was known and recognized nationwide for his depth of knowledge of capital markets," said a son, Richard F. Mulligan Jr. of Richmond, Va.

The former Ruxton resident, who later lived in the Woodbrook section of Baltimore County, was an avid golfer. He indulged his passion for the game by traveling to Scotland and Ireland to play on some of the oldest extant courses in the world, his son said.

Mr. Mulligan was a member of the Maryland Club, Green Spring Valley Hunt Club, and the Quail Valley Club in Vero Beach, Fla.

He was a communicant of the Roman Catholic Cathedral of Mary Our Queen.

A memorial Mass was held Tuesdayin the chapel at Loyola College.

Surviving are his wife of nine years, the former Lori Dennis; four other sons, Peter G. Mulligan of Towson, Brenden C. Mulligan of Chicago, and Thomas L. Mulligan and James C. Mulligan, both of Baltimore; a daughter, Patricia M. Robins of Salisbury; two stepdaughters, Reagan L. Ranieri and Kristin E. Nicolini, both of Baltimore; a brother, Thomas L. Mulligan of Virginia Beach, Va.; a sister, Mary Lou M. Gavel of Reading, Pa.; and six grandchildren. Two earlier marriages ended in divorce.

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