MSRB Hires Chief Financial Officer

Date: December 20, 2010

Contact: Jennifer A. Galloway, Chief Communications Officer
              (703) 797-6600


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that Elizabeth (Beth) Wolfe has joined the organization as the MSRB Chief Financial Officer. Ms. Wolfe has over 28 years of financial management and auditing experience.

Ms. Wolfe joins the MSRB from GuideStar USA, Inc., where she oversaw the financial operations of the company including all internal, external, tax and grant financial reporting. Prior to GuideStar, Ms. Wolfe worked at the Public Broadcasting Service (PBS) for 17 years, starting as Controller, serving as Chief Financial Officer for 15 years, and ending her tenure as the Chief Administrative Office. Before that, Ms. Wolfe worked for Peat Marwick & Mitchell.

Ms. Wolfe received a bachelor’s degree in accounting from the College of William and Mary, and a master’s degree in business administration from George Mason University.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.