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

MSRB ELECTS NEW PUBLIC BOARD MEMBER

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that John E. Petersen has joined the MSRB Board of Directors. Mr. Petersen is currently a professor of public policy and finance at George Mason University’s School of Public Policy.

“John’s remarkably deep knowledge and experience with municipal market issues will be an enormous benefit to the MSRB,” said MSRB Chair Michael G. Bartolotta. “We are grateful that he is able to join the Board and look forward to his many contributions.”

The MSRB Board of Directors is composed of members representing both the public and regulated entities, including broker-dealers, bank dealers and municipal advisors. Mr. Petersen joins the MSRB as one of 11 independent, public members represented on the MSRB’s 21-member board.

Mr. Petersen’s career has focused both on municipal market policymaking and the financial advisory business. Prior to joining George Mason University in 2002, he served as division director of the ARD/Government Finance Group in Arlington, Virginia. Earlier, Mr. Petersen was the president and owner of the Government Finance Group. He was a principal author of the Government Finance Officers Association's Disclosure Guidelines, which set the standard for official statements and offering procedures.

Mr. Petersen has served as a consultant on numerous local government and international government finance projects. He is the co-editor of The Oxford Handbook on State and Local Government Finance and the senior editor and author of Subnational Credit Markets in Developing Countries.

Mr. Petersen received a bachelor’s degree in economics from Northwestern University. He also received a master’s degree in business administration and a doctorate degree in economics from the University of Pennsylvania.

Mr. Petersen’s term with the MSRB ends September 30, 2012.

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.

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