Carol Kostik is Vice Chair of the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) and serves as Chair of the Governance Committee and as a member of the Finance Committee and the Steering Committee. She is retired and the former deputy comptroller for public finance for the City of New York, where she directed debt issuance and managed a City debt portfolio of over $110 billion. Prior to joining the Office of the New York City Comptroller in 2006, Carol served as the senior vice president and chief financial officer for the New York City Housing Development Corporation. Earlier in her career, she worked in investment banking, rising from public finance associate to vice president at Merrill Lynch & Co. 

In 2015, she received the Freda Johnson Public Sector Award from the Northeast Women in Public Finance, and in 2010, The Municipal Forum of New York’s Public Service Award. Carol has a bachelor’s degree from Williams College and an MBA from Stanford University.

Carol's term with the MSRB Board expires September 30, 2023.