MSRB Elects New Public Board Member

Date: January 21, 2011

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that John E. Petersen has joined the MSRB Board of Directors. Mr. Petersen is currently a professor of public policy and finance at George Mason University’s School of Public Policy.

“John’s remarkably deep knowledge and experience with municipal market issues will be an enormous benefit to the MSRB,” said MSRB Chair Michael G. Bartolotta. “We are grateful that he is able to join the Board and look forward to his many contributions.”

The MSRB Board of Directors is composed of members representing both the public and regulated entities, including broker-dealers, bank dealers and municipal advisors. Mr. Petersen joins the MSRB as one of 11 independent, public members represented on the MSRB’s 21-member board.

Mr. Petersen’s career has focused both on municipal market policymaking and the financial advisory business. Prior to joining George Mason University in 2002, he served as division director of the ARD/Government Finance Group in Arlington, Virginia. Earlier, Mr. Petersen was the president and owner of the Government Finance Group. He was a principal author of the Government Finance Officers Association's Disclosure Guidelines, which set the standard for official statements and offering procedures.

Mr. Petersen has served as a consultant on numerous local government and international government finance projects. He is the co-editor of The Oxford Handbook on State and Local Government Finance and the senior editor and author of Subnational Credit Markets in Developing Countries.

Mr. Petersen received a bachelor’s degree in economics from Northwestern University. He also received a master’s degree in business administration and a doctorate degree in economics from the University of Pennsylvania.

Mr. Petersen’s term with the MSRB ends September 30, 2012.

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.