David Belton is a member of the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) and serves on the Nominating Committee. He is retired and the former Director at American Family Insurance, where he provided credit research and portfolio management for the company’s municipal bond holdings, both tax-exempt and taxable. Prior to joining American Family, David was Senior Vice President and Head of Municipal Bond Research at Standish Mellon Asset Management, where he was also portfolio manager of several Dreyfus municipal bond funds.

David began his career at Van Kampen Merritt and subsequently held positions at Stein Roe & Farnham and Federated Investors. He has been active in the National Federation of Municipal Analysts at both the local and national levels. David holds a bachelor’s degree in political science from Haverford College and an MBA from the University of Chicago. He is a Chartered Financial Analyst.

David's term with the MSRB Board expires September 30, 2026.