MSRB Announces New Officers and Board Membersfor Fiscal 2015

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced new officers and Board of Directors members who will begin their terms on October 1, 2014. The Board makes policy decisions, authorizes rulemaking and oversees the MSRB’s operations.

Kym Arnone, Managing Director at Barclays, will serve as Chair of the MSRB for Fiscal Year 2015. “I am honored to have been elected as next year’s Chair,” said Chair-elect Arnone. “The MSRB is at the forefront of multiple initiatives to protect investors and municipal entities, and this is an exciting time to oversee the organization’s strategic activities.”

Chair-elect Arnone will be joined on the Board management team by Marcy Edwards, former Senior Financial Policy Advisor to the District of Columbia’s Chief Financial Officer, who will serve as Vice Chair.

“The MSRB has never been more relevant to municipal securities investors or state and local governments,” said Vice Chair Edwards. “It is an honor and a great opportunity to be part of the organization’s leadership this year.”

New members of the Board of Directors elected at the Board’s meeting last week represent both the public and municipal securities firms regulated by the MSRB. Joining the Board for three-year terms on October 1 as public representatives are Richard Froehlich, Chief Operating Officer and General Counsel for the New York City Housing Development Corporation, and Rita J. Sallis, Principal at the Yucaipa Companies. Current MSRB Board Member Robert A. Fippinger, who is Senior Counsel at Orrick, Herrington & Sutcliffe, will serve another three-year term on the Board as a public member.

The Board also has elected individuals from four regulated entities. Securities firm representatives include Gary Hall, Head of Investment Banking and Senior Managing Director at Siebert Brandford Shank & Co. LLC; Lucy Hooper, Executive Vice President and Director of Fixed Income at Davenport & Company, LLC; and Arthur Miller, Managing Director of the Public Sector & Infrastructure Group in the Investment Banking Division of Goldman Sachs & Co. Joining the Board from a municipal advisor firm is Steve Apfelbacher, President of Ehlers and Associates.