Lynnette Kelly will be leaving her post after 12 years as president and CEO of the Municipal Securities Rulemaking Board.
Kelly will be retiring at the end of the fiscal year. The Board has appointed Nanette Lawson, MSRB chief financial officer, as interim CEO while it looks for Kelly's replacement. Kelly will serve as a consultant to the Board to help with the transition.
“I am proud of the MSRB’s tremendous contributions to the municipal securities market over the past 12 years,” Kelly said. “It has been an honor to lead a staff of dedicated, mission-driven colleagues, and I know the MSRB is poised to continue to advance our mandate of ensuring a fair and efficient market.”
In her time at the MSRB, Kelly oversaw the creation of EMMA, an official source for municipal securities data and disclosure documents.
During the Dodd-Frank Wall Street Reform Era and under the Consumer Protection Act, Kelly oversaw the MSRB's mission to protect municipal entities and obligated persons and began regulating municipal advisors.
Kelly is the fourth executive director at the MSRB. She replaced Christopher "Kit" Taylor, who had held that post for 28 years.
