MSRB Board of Directors Outlines What It Seeks in New CEO

Date: January 8, 2020

Contact: Leah Szarek, Director of Communications


Washington, DC – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) today released information on the qualifications it seeks in a new Chief Executive Officer, who will lead the organization responsible for safeguarding the integrity of the roughly $4 trillion municipal securities market.

“The Board is seeking the right candidate to lead and inspire, to harness the power of technology and data, and to build on the MSRB’s robust regulatory regime that has successfully protected investors, municipal entities and the public interest,” the Board noted in the CEO position summary.

The Board described its preferred candidate as a mission-driven leader with understanding of regulation in the securities industry, ideally with municipal securities.The CEO position summary and candidate profile is available on the MSRB’s website here.

The MSRB has had two chief executives over the past 40 years. The Board named MSRB Chief Financial Officer Nanette D. Lawson to serve as interim CEO following the September 2019 retirement of Lynnette Kelly, who led the organization for 12 years.

To facilitate a broad, nationwide search for a new CEO, the Board created a CEO Search Special Committee and retained global executive search firm Spencer Stuart. Candidate inquiries may be directed to and will remain confidential.

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.