DC Water's Mark Kim Joins MSRB as Deputy Executive Director and COO

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WASHINGTON – Mark T. Kim with District of Columbia Water and Sewer Authority will join the Municipal Securities Rulemaking Board as deputy executive director and chief operating officer on April 17.

Kim has been serving on the MSRB's board of directors, and he will be replaced on the board by Lakshmi Kommi, director of debt management for the city of San Diego, as a public member. Kommi will serve a term through September 2019. She previously was on the board from 2013 to 2016.

Kim will step down as chief financial officer of DC Water and join the MSRB's senior leadership team to focus on optimizing operations of the board in support of strategic priorities, the MSRB said in a release.

MSRB Executive Director Lynnette Kelly will focus on strategic market direction, stakeholder relations and external affairs.

"Mark is a tremendous talent and I am thrilled he is joining our executive team," Kelly said. "He will help ensure that our internal operations are as efficient and cost-effective as possible as we prepare for the market-focused initiatives in the years ahead. Mark's proven management track record and knowledge of the municipal market will yield great benefits for the MSRB and its stakeholders."

Kim had been serving on the board as chair of the audit committee and a member of the financing and steering committees. At DC Water, he received the Washington Metropolitan Area chapter of the Government Finance Officers Association's Excellence in Government Finance Award in 2014 and 2016 and the National Association of Clean Water Agencies' National Environmental Achievement Award in 2017. DC Water, under his leadership, won the Bond Buyer's Northeast Deal of the Year Award in 2014 and Non-Traditional Deal of the Year Award in 2016.

Prior to DC Water, Kim was deputy comptroller for economic development in New York City Comptroller's Office. He previously spent about ten years as a public finance professional at Fidelity Capital Markets, Goldman Sachs and UBS Investment Bank. In these earlier posts, he raised more than $50 billion in capital markets, including issuing more than $27 billion for New York City and its related issuers.

Kommi has worked for San Diego since 1994 and has held positions as a Supervising Economist and Deputy Director of San Diego's Financing Services Division. She is a member of the City of San Diego's Disclosure Practices Working Group and serves on San Diego's Capital Infrastructure Program Review and Advisory Committee and Investments Portfolio Advisory Committee.

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