The University of Illinois Alumni Association (UIAA) and the Chicago Illini Club recently named Richard C. Romano (’54 LAS), Founder and Chairman of the Evanston investment firm Romano Brothers & Co., Chicago Illini of the Year for 2010.
According to the UIAA, one of the award nominators characterized Richard Romano’s ability to positively affect a community as “unrivaled.” Over the years the “community” has broaden from Evanston to include much of the Chicago’s North Shore. Mr. Romano has personally and through his firm supported a number of organizations including: the Evanston Symphony Orchestra, McGaw YMCA, Evanston YWCA, Kiwanis Club, Shore Community Services and the Women’s Club of Evanston.
In 2004 Richard Romano was awarded the Evanston Chamber of Commerce Community Leadership Award largely due to his firm’s decision to celebrate their 40th anniversary by distributing $40,000 among local charities.
On the academic side, Mr. Romano is a Bronze Tablet Scholar of the Urbana campus and is involved in the University’s Cline Center for Democracy and the College of Liberal Arts and Science where the Romano Professorial Scholar program resides.
Mr. Romano began the firm in 1962 after assisting his parents to manage their financial assets. Since then he has held leadership positions with the Financial Industry Regulatory Authority and the NASDAQ Stock Market. The firm now manages more than $850 million in assets. Richard Romano’s son, Joseph R.V. Romano, is currently president and CEO.