The Municipal Securities Rulemaking Board Wednesday announced that it has elected to its board of directors Vivian Altman, Nancy Feldman, Daniel Hartman and JoLinda L. Herring – each of whom is slated to serve a four-year term starting Oct. 1.
The announcement comes after the MSRB's final quarterly board meeting of fiscal year 2025, held last week, where
Their one-year officer terms also begin on Oct. 1, 2025, which marks the start of the MSRB's 2026 fiscal year.
"MSRB's board of directors is pleased to announce the election of this accomplished class of new board members who will bring fresh perspectives to the work that strengthens the municipal securities market and protects investors, issuers and the public interest," Chair-elect Holiday said in a press release issued by the MSRB.
The board's nominating committee was tasked with recommending one municipal advisor, one broker-dealer and two public members to join the board in FY 2026, Holiday said.
The new regulated members joining the board in FY 2026 are Hartman, a managing director and immediate past CEO at PFM Financial Advisors LLC, and Altman, a managing director and head of public finance for Janney Montgomery Scott.
"Prior to his tenure as CEO, Hartman led PFM's Financial Advisory practice, was responsible for all municipal advisory services throughout the U.S., and headed the national utilities practice in the U.S.," the MSRB's release said.
Altman oversees Janney Montgomery Scott's public finance business "with a focus on leading the organization's business and client development efforts and expanding its sector and geographic presence," the release said. In 2024, she was recognized as a trailblazing woman in public finance, receiving the Private Sector
The new public members joining the board in FY 2026 are Feldman, chief of the Division of Fiscal Management for Montgomery County, Maryland, and Herring, CEO and managing shareholder at law firm Bryant Miller Olive.
Feldman is responsible for oversight of Montgomery County's "cash and investments, debt, revenue forecasting, economic development administration, and fiscal policy analysis," the release said. Prior to her work with the county, Feldman held a variety of positions at Wells Fargo Securities.
Herring, a member of Bryant Miller Olive's public finance group, has more than 30 years of experience practicing public finance law and currently serves as bond counsel, disclosure counsel and underwriter's counsel to a variety of government entities across the states of Florida and Connecticut, the release said. She began her career at Bryant Miller Olive as a law clerk.
The new board members were selected from a pool of more than 50 applicants, according to the release.
"We are grateful for and appreciate all of the highly qualified candidates who demonstrated their commitment to public service and giving back to the municipal securities market by applying to serve on the board," MSRB CEO Mark Kim said in the release.
