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

DALL FORSYTHE JOINS MSRB BOARD OF DIRECTORS 

Alexandria, VA – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced today that public policy scholar Dall W. Forsythe will join the Board as a public member to fill the vacancy created by the resignation of Robert A. Fippinger, who is becoming the MSRB’s Chief Legal Officer. The 21-member Board of Directors makes policy decisions, authorizes rulemaking, enhances market transparency systems and oversees operations of the MSRB.

“Dall’s public policy and finance experience is unparalleled,” said MSRB Chair Kym Arnone. “As a former MSRB Board member, he also understands the regulatory challenges of the municipal market and will contribute his great insight derived from many years as both a municipal market practitioner and scholar.” 

Forsythe is a distinguished visiting scholar at the New York University Wagner School of Public Service, where he focuses his academic research on state and local government financial management and securities regulation. Forsythe will serve on the MSRB Board for the term ending in September 2017. Forsythe previously served on the MSRB Board from 2012 to 2014.

Prior to joining the faculty of NYU, Forsythe held positions at Columbia University, the Kennedy School at Harvard, the School of Public Affairs at Baruch College (City University of New York) and State University of New York's University of Albany. He also served as a senior fellow at the Rockefeller Institute of Government.

During his time in the municipal securities industry, Forsythe served as budget director for the State of New York and worked in the private sector as managing director of public finance for Lehman Brothers.

Forsythe received his bachelor’s degree and doctorate from Columbia University.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a 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.

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