MSRB seeks four for FY 2026 board

The Municipal Securities Rulemaking Board is soliciting applications for four positions on its board for the 2026 fiscal year.

"This year the Nominating Committee is looking for one municipal advisor, one-broker-dealer, and two public representatives to join the Board," said Katano Kasaine, MSRB board member and chair of the Nominating Committee. "We encourage qualified candidates with a commitment to advancing a fair and transparent municipal securities market to apply."

The terms will begin on Oct. 1, 2025 and will help oversee the execution of MSRB's FY 2022-2025 strategic goals specifically "with a focus on modernizing the rule book, enhancing municipal market transparency through technology and data and upholding the public trust through fiscal transparency as well as a commitment to social responsibility, diversity, equity and inclusion," the MSRB said.

The MSRB board consists of 15 members and must include eight members representative of the public, which includes investors, municipal entities and other individuals not regulated by the MSRB. The other seven are made up of those that are regulated by the MSRB, including representatives of banks, broker-dealers and municipal advisors.

Among those whose terms will expire at the end of the current fiscal year include Kasaine, assistant general manager/chief financial officer for the Metropolitan Water District of Southern California; Liz Sweeney, president and founder of Nutshell Associates; Jennie Huang Bennett, associate vice president for finance, University of Chicago, as well as chair Warren "Bo" Daniels, managing director and head of public finance at Loop Capital Markets.

The board will begin collecting applications through its online portal Jan. 6, 2025, and close the application process Feb. 14. At least one letter of recommendation must be included and those selected will serve four-year terms.

Those interested are encouraged to review the MSRB's FAQs on Board Membership Categories and Eligibility.

"The Board convenes in person at least quarterly at the MSRB's offices and also schedules additional meetings (virtually) in between quarterly meetings," the MSRB said. "Attendance at these meetings is required," the MSRB added. "Each member of the Board also serves on one or more standing committees, with assignments determined each fiscal year, which convene virtually periodically and may conduct in-person meetings as necessary through the year."