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

MSRB APPOINTS MILROY A. ALEXANDER TO BOARD OF DIRECTORS

Alexandria, VA  – The Municipal Securities Rulemaking Board (MSRB) today announced that Milroy A. Alexander, a former MSRB Board member and former chief executive officer of the Colorado Housing and Finance Authority, has joined the Board of Directors to serve as a public representative through September 30, 2013. The MSRB also announced that Benjamin S. Thompson, Managing Principal and Chief Executive Officer of Samson Capital Advisors, will continue his service as a public representative on the Board through September 30, 2014.

Mr. Thompson is extending his Board service to ensure that the MSRB complies with its statutory requirement to include at least one investor representative on its Board of Directors. He will serve the remainder of the term of Peter J. Taylor, who is resigning due to other commitments. Mr. Alexander was appointed to complete Mr. Thompson’s original term.

"Roy is a tremendous asset to the MSRB and we are thrilled to welcome him back,” said MSRB Chair Jay Goldstone.  "We are also pleased that Ben will be continuing his service through next year. He contributes a valuable investor perspective to Board discussions."

The 21-member Board, which establishes regulatory policies and oversees the operations of the MSRB, has eleven members that represent the public and ten that represent entities 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.

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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