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

MSRB SEATS NEW BOARD AND BEGINS FISCAL YEAR 

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today began its 2015 fiscal year and seated the 21-member Board of Directors that establishes regulatory policies and oversees the operations of the MSRB.

The Board includes seven new members as well as new officers. Kym Arnone, who joined the Board in 2012, is the new Chair of the MSRB Board of Directors. Marcy Edwards, who also joined the Board in 2012, is Vice Chair.

The MSRB Board of Directors has 11 independent public members and 10 members from firms regulated by the MSRB, including broker-dealers, banks and municipal advisors. In order to provide consistency of policy, seven individuals join the Board each year and seven others complete their three-year terms.

Four standing committees—Audit, Finance, Nominating and Governance, and Steering—perform work at the direction of the Board, with responsibilities defined by their charters. MSRB Board members serve on one or more committees.

MSRB Board of Directors, FY 2015 and Committee Assignments

Steve Apfelbacher*, Audit

Kym S. Arnone, Steering

Robert P. Cochran, Finance

Marianne F. EdmondsNominating and Governance

Marcy Edwards, Nominating and Governance, and Steering

Richard K. Ellis, Nominating and Governance

Robert Fippinger*, Nominating and Governance, and Steering

Richard Froehlich*, Finance 

Gary Hall*, Audit

W. Bartley Hildreth, Audit

Lucy Hooper*, Nominating and Governance

Arthur Miller*, Nominating and Governance

Lakshmi KommiNominating and Governance

James D. McKinneyFinance 

Craig A. NobleNominating and Governance, and Steering

Christopher M. RyonNominating and Governance

Rita Sallis*, Finance 

Nathaniel Singer, Finance   and Steering

Robin L. Wiessmann, Audit and Steering

Colleen Woodell, Audit , Nominating and Governance, and Steering

Brian L. WynneNominating and Governance, and Steering (non-voting member)

* denotes Board member whose term begins October 1, 2014

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.