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


THE MUNICIPAL SECURITIES RULEMAKING BOARD NAMES 11 INDUSTRY REPRESENTATIVES TO JOIN ITS ISSUER AND INVESTOR ADVISORY GROUPS

Alexandria, VA – The Municipal Securities Rulemaking Board, a self-regulatory organization with rulemaking and market information responsibilities, today announced it has named 11 municipal bond industry representatives to its Issuer and Investor Advisory Groups. 

The groups, created in 2005, are made up of experienced industry participants who meet multiple times a year to provide advice and expertise to the Board on current market issues and MSRB initiatives.

MSRB Chair Ronald A. Stack said the appointments bring to the advisory groups a diversified and accomplished set of individuals committed to the MSRB’s mission of investor protection.  “These professionals will provide invaluable insight to the MSRB and we couldn’t ask for a more distinguished group.  We are very grateful for their willingness to serve the market in this capacity.”

MSRB advisory group members hold staggered two-year appointments, which helps preserve continuity of their agendas.  Joining MSRB’s Issuer Advisory Group for the FY 2009-11 term are:

  • Jay Goldstone, Chief Operating Officer, City of San Diego
  • Walter Knorr, Vice President and CFO and Comptroller, University of Illinois
  • Robert O. Lenna, Executive Director Maine Municipal Bond Bank, Maine Health and Higher Educational Facilities Authority, Maine Public Utility Finance Bank
  • Laura Lockwood-McCall, Director, Debt Management Division, Office of the Oregon State Treasurer
  • Elizabeth McCarthy, Chief Financial Officer, Long Island Power Authority
  • Thomas J. Todorow, Executive Vice President and CFO, Children’s Hospital of Philadelphia

They join existing Issuer Advisory Group Members: 

  • Alan Anders, Deputy Director for Finance, New York City Office of Management and Budget
  • John K. Craford, Executive Vice President – Finance & Administration, Connecticut Housing Finance Authority
  • Edwin Harrison, Chief Investment Officer, Director of Financial Services, Harris County, Texas
  • Brian Mayhew, Chief Financial Officer, Metropolitan Transportation Commission/Bay Area Toll Authority
  • Patrick McCoy, Executive Director, New York City Municipal Water Finance Authority
  • Noreen Roche-Carter, Treasurer, Sacramento Municipal Utility District

Joining the MSRB’s Investor Advisory Group for the FY 2009-11 term are: 

  • R. B. (Guy) Davidson, III; Portfolio Manager, Alliance Bernstein LP
  • Lyle J. Fitterer, Portfolio Manager, Wells Capital Management
  • Fred Gaertner, Senior Vice President, The Chubb Corporation
  • Susan Heide, Managing Director, Blackrock
  • Steven J. Krupa, Managing Director, Trading Nuveen Asset Management

They join existing Investor Advisory Group members: 

  • Ruth M. Levine, Principal & Head of Municipal Credit Research, The Vanguard Group
  • R. Jed McCarthy, Managing Member, 1861 Capital Management LLC
  • Sandy Panetta, Partner, Evercore Wealth Management LLC
  • Robert M. Reardon, Jr., Senior Investment Officer, State Farm Mutual Automobile Insurance Company

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. 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. 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. MSRB is overseen by the Securities and Exchange Commission and Congress.

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