MSRB Hires Chief Administrative Officer

Date: May 2, 2011

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


Alexandria, VA - The Municipal Securities Rulemaking Board (MSRB) announced today that Robert Cunningham has joined the organization as Chief Administrative Officer. He will be responsible for overseeing legal and administrative operations, human resources and corporate governance practices.

Mr. Cunningham joins the MSRB from the National Association of Manufacturers (NAM), where he served as vice president of the human resources, finance and administration division. Prior to his employment with NAM, Mr. Cunningham was human resources manager for the American Petroleum Institute.

Mr. Cunningham received a bachelor’s degree in finance and management from Virginia Polytechnic Institute and State University and a master’s degree in human resource management from American University.

“The experience that Bob brings to the MSRB will benefit the organization in a number of ways,” said MSRB Executive Director Lynnette Kelly Hotchkiss. “His background in navigating important administrative issues and his leadership experience will contribute to the MSRB’s overall mission and organizational values.”

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.