USM Foundation Welcomes Three New Board Members

Adelphi, MD (March 28, 2014)

The University System of Maryland (USM) Foundation has announced the addition of three new members to its Board of Directors: Anirban Basu, Linda Ellen Jones, and Bruce Richards.

“The USM Foundation is honored to welcome Anirban Basu, Linda E. Jones, and Bruce Richards as new board members. Each one provides diverse perspectives and experiences from their work that will enhance our efforts to serve the USM. We are so fortunate that these exceptional individuals are taking the time to serve on our board and help carry out our commitments to higher education in Maryland,” says Leonard Raley, president of the USM Foundation.

The new members bring deep and wide-ranging experience to the USM Foundation’s board. More details on each new member follow below:

Anirban Basu is chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in Baltimore, Md. Mr. Basu is one of the Mid-Atlantic region’s most recognizable economists and has written several high profile economic development strategies on behalf of government agencies and nonprofit organizations. In recent years, he has focused on health economics, the economics of education, and economic development. He currently lectures at Johns Hopkins University and serves on the boards of the First Mariner Bank, the Baltimore County Economic Advisory Committee, and the Baltimore-Washington Corridor Chamber of Commerce. The Baltimore Business Journal named him one of the region’s 20 most powerful business leaders in 2010.

In addition to degrees from Georgetown’s Walsh School of Foreign Service and Harvard’s John F. Kennedy School of Government, Mr. Basu earned his Master’s in Economics from the University of Maryland, College Park and his Juris Doctor at the University of Maryland School of Law in 2003. He is currently pursuing a doctorate at the University of Maryland, Baltimore County.

Linda E. Jones has more than 26 years of insurance industry experience and currently serves as executive vice president at Riggs, Counselman, Michaels & Downes, Inc. (RCM&D), and chief operating officer at SISCO, a subsidiary of RCM&D. RCM&D is an independent insurance, risk management and employee benefits consulting firm in Baltimore, Md. Ms. Jones is a sought-after speaker, frequent guest lecturer at numerous colleges and universities, and has had articles published in several leading industry journals. Ms. Jones has served on numerous boards related to healthcare, medicine, and education, and was a Girl Scout Leader from 1999-2010.

Ms. Jones received a bachelor of science in business administration from the University of Maryland, College Park, and her Masters in Health Administration from George Washington University.

Bruce Richards is a co-managing partner and the CEO of Marathon Asset Management, and is responsible for general oversight of the firm’s capital across its funds and managed accounts. Marathon was founded in January 1998 by Mr. Richards and employs 130 professionals with headquarters in New York, and investment offices in London and Singapore. Mr. Richards is actively involved in many charities focusing on health, education, and welfare.

Mr. Richards has a strong family affiliation with the University of Maryland, College Park: his wife, brother, niece, nephew, and daughter are all graduates. His sister received her law degree from the University of Maryland School of Law. He has hosted the Wall Street Luncheon Series for the University of Maryland, and the Avis & Bruce Richards Foundation provides scholarships for University of Maryland undergraduate students. Mr. Richards will serve on the USM Foundation’s Investment Committee. Mr. Richards received his B.A. in Economics, summa cum laude, from Tulane University in 1982 and is a member of Phi Beta Kappa. 

The USM Foundation supports the mission and ambitions of the University System of Maryland by advocating and supporting the advancement of public higher education in Maryland through visionary leadership in philanthropy, asset management, and stewardship. Assets under management currently exceed $1 billion.

Contact: Jess Gill
Phone: 301.445.2743

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