MSRB Hires Municipal Bond Lawyer

Date: October 11, 2010

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that Karen Du Brul has joined the organization’s legal department as Associate General Counsel. Ms. Du Brul will report to the MSRB’s Deputy General Counsel, Peg Henry.

Ms. Du Brul has over 25 years of experience working in the municipal bond industry. She joins the MSRB from Blank Rome LLP in Philadelphia where she was a partner in the firm’s financial services department. Prior to Blank Rome LLP, Ms. Du Brul was second vice president in the legal department at Smith Barney, Harris Upham & Co. (now Citi). Before that, she was head course assistant at the Harvard Business School.

“In addition to Karen’s extensive legal experience in the municipal securities market, she brings significant financial expertise regarding the use of derivatives in this marketplace,” said MSRB Deputy General Counsel, Peg Henry. “Karen’s unique perspective will benefit our rulemaking activities.”

Ms. Du Brul received a bachelor’s degree from Connecticut College and a law degree from Suffolk 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.