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Richard Worley

Board Member

Mr. Worley is Managing Partner of Permit Capital LLC, which he founded in 2002.

He began his career in 1970 as an economist at Goldman Sachs. In 1978 he joined Miller Anderson and Sherrerd, an independent investment management firm in the Philadelphia area. At MAS he was elected Partner in 1980 and Chairman in 1988, a position he held until the firm was acquired by Morgan Stanley in 1996. At Morgan Stanley he served in several capacities including as President and CEO of Morgan Stanley Investment Management. Mr. Worley holds a Bachelor of Sciences degree from the University of Tennessee. He also attended graduate school at the University of Texas for two years before joining Goldman Sachs.

Currently, he is a member of the board of directors of the Philadelphia Orchestra Association and of Neuberger Berman, a global investment management company headquartered in New York City, a member of the American Philosophical Society, a director at the Philadelphia Inquirer and a director at Two River Theater.

Mr. Worley was the Chairman of the Philadelphia Orchestra Association a position he held from 2009 to 2019. He is a former trustee of the Robert Wood Johnson Foundation, the University of Pennsylvania and Penn Medicine, the National Constitution Center and he is a former director of the Colonial Williamsburg Foundation, the Independence Seaport Museum.