Robert S. Kelling Jr., president of San Francisco-based Kelling, Northcross & Nobriga Inc., said he will retire on Dec. 31, nearly 10 years after he founded the financial advisory firm.

Mr. Kelling, 56, will teach a graduate-level public finance course at the University of California at Berkeley next year and work with several community improvement groups. Mr. Kelling has 27 years of experience in the municipal bond industry.

"There's a part of me that's excited about the freedom, but it will be hard to leave the people," Mr. Kelling said.

Mr. Kelling started his career in 1964, as an investment banker with the public finance division of John Nuveen & Co., where he worked for 17 years. He formed his independent financial advisory firm in December 1981.

Kelling Northcross specializes in financings for cities, counties, school districts and not-for-profit organizations. Kelling Northcross will keep Mr. Kelling's name, and fellow partners Mark Northcross and Raymond G. Nobriga will lead the firm, Mr. Kelling said.

"I think public finance is alive and well in California," Mr. Kelling said. "There is a tremendous need for infrastructure in this state," he said.

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