The Municipal Securities Rulemaking Board is now accepting applications for four positions on its board of directors for the 2024 fiscal year and will be accepting applications until Feb. 6.
The board will elect two public members and hopes that one of them will be an investor in municipal securities, either institutional or retail. The MSRB is also looking for two regulated representatives to join the 15 member board on Oct. 1, 2023.
“In order to uphold the public’s trust in the municipal market’s SRO, we must ensure our governing board is diverse and inclusive and reflects the wide variety of perspectives that contribute to the field of public finance across our nation,” said Thalia Meehan, MSRB board member and chair of the Board’s Nominating Committee. “While we are particularly interested in applicants with compliance, technology and data proficiency, we encourage individuals with municipal securities experience from all regions of the United States to apply for membership on the Board.”
Those selected will help to implement the Board’s strategic plan, which outlines the MSRB’s multi-year plans on advancing market regulation, market transparency, market data and public trust.
The MSRB board of directors consists of eight members representative of the public and seven members representative of MSRB-regulated broker-dealers, banks and municipal advisors. Selected board members receive an annual stipend of $65,000 for their service.
Applicants are encouraged to submit their online applications through the MSRB Board of Directors Application Portal and once applications are submitted, the MSRB staff conducts a review to ensure all necessary information has been provided by each application.
The MSRB’s Nominating Committee then reviews all applications and selects candidates for interviews, where they are then required to submit additional documentation including the Board Member Candidate Questionnaire as well as a background check. After the interview process is completed, new board members are selected by Sept. 30.
Those whose terms expire at the conclusion of this fiscal year include public members Thalia Meehan and Donna Simonetti as well as securities firm representative Frank Fairman and bank representative Daniel Kiley.
Applicants selected will join David Belton, Jennie Huang Bennett, Katano Kasaine, Horatio Porter, Warren Daniels, Jill Jaworski, Liz Sweeney, Carol Kostik, Meredith Hathorn, Natasha Holiday and Angelia Schmidt as board members.