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Contact: Leah Szarek, Director of Communications
               202-838-1500
               lszarek@msrb.org
 

MSRB BOARD OF DIRECTORS OUTLINES WHAT IT SEEKS IN NEW CEO

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 MSRB@spencerstuart.com and will remain confidential.

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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