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Contact: Leah Szarek, Director of Communications
               202-838-1500
               lszarek@msrb.org
 

MSRB BOARD OF DIRECTORS OUTLINES WHAT IT SEEKS IN NEW CEO

Washington, DC – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) today released information on the qualifications it seeks in a new Chief Executive Officer, who will lead the organization responsible for safeguarding the integrity of the roughly $4 trillion municipal securities market.

“The Board is seeking the right candidate to lead and inspire, to harness the power of technology and data, and to build on the MSRB’s robust regulatory regime that has successfully protected investors, municipal entities and the public interest,” the Board noted in the CEO position summary.

The Board described its preferred candidate as a mission-driven leader with understanding of regulation in the securities industry, ideally with municipal securities.The CEO position summary and candidate profile is available on the MSRB’s website here.

The MSRB has had two chief executives over the past 40 years. The Board named MSRB Chief Financial Officer Nanette D. Lawson to serve as interim CEO following the September 2019 retirement of Lynnette Kelly, who led the organization for 12 years.

To facilitate a broad, nationwide search for a new CEO, the Board created a CEO Search Special Committee and retained global executive search firm Spencer Stuart. Candidate inquiries may be directed to MSRB@spencerstuart.com and will remain confidential.

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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