MSRB Hires Municipal Bond Lawyer

Date: December 15, 2008

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


Alexandria, VA - The Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization with rulemaking and market information responsibilities, announced today that Margaret (Peg) Henry has joined the organization's legal department as Associate General Counsel.

Ms. Henry has 25 years of legal experience working in the municipal bond industry.  She joins the MSRB from UBS Securities LLC in New York where she was Director and Senior Attorney representing the firm's Municipal Securities Group.  

"Peg is one of the most experienced municipal bond attorneys around," said MSRB Executive Director, Lynnette Hotchkiss.  "Her legal work both for issuers and underwriters provides an exceptional perspective for the MSRB."  Ms. Henry will report to the MSRB's General Counsel, Ernesto Lanza.

Prior to UBS, Ms. Henry was a partner at Winston & Strawn, and earlier, she worked at Torys in New York where she acted as underwriters' counsel.  Ms. Henry has worked for the Securities and Exchange Commission's Office of Municipal Securities and counseled New York City's Office of Management and Budget and the city itself.  She has also worked in the securities industry.

Henry received her Bachelor of Arts degree from Georgetown University and her law degree from George Washington 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.