ASA adds to executive team

The American Securities Association has named Patrick Bond as its new vice president and head of public affairs, where he'll lead the group's communications and public affairs strategies and help to advance its policy agenda.

The addition comes after the group added muni industry veteran Jessica Giroux, following her departure from the Municipal Securities Rulemaking Board.

"Patrick is uniquely qualified to step into this role — he is a poised communicator with an impressive background," said Chris Iacovella, ASA president and chief executive officer. "His experience, leadership-style, and reputation will greatly enhance ASA's delivery of thoughtful, effective communications in Washington and around the country."

Chris Iacovella, ASA president and chief executive officer, discusses its new addition.
“Patrick is uniquely qualified to step into this role — he is a poised communicator with an impressive background,” said Chris Iacovella, ASA president and chief executive officer. “His experience, leadership-style, and reputation will greatly enhance ASA’s delivery of thoughtful, effective communications in Washington and around the country.”

Bond joins the ASA after spending over a decade on Capitol Hill. He most recently served as communications director for Rep. Frank Lucas, R-Okla., the longest serving Republican on the House Financial Services Committee and where he also served as a spokesperson on legislative and regulatory priorities.

Prior to that Bond worked as congressional staff for Rep. Robert Aderholt, R-Ala., and worked for both Governor Robert Bentley and Governor Kay Ivey in Alabama, where he also received his degree in political science and public policy from the University of Alabama.

While many in the muni market are uneasy about the state of regulation under Securities and Exchange Commission chairman Gary Gensler and the drove of proposals coming out, ASA has been particularly vocal and recently sent a letter to the SEC warning against significant changes to fixed income markets.

"It is imperative that regulators do not rely on academic theories of political ideologies to change a market structure that has functioned very well through multiple crises and black swan events. Any change to the well-functioning fixed income market without clear and demonstrable evidence of a market failure would be reckless," Iacovella wrote.

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