Stone & Youngberg President and CEO, Kenneth E. Williams, Named to Municipal Securities Rulemaking Board.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Aug. 21, 2003 Kenneth E. Williams, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of San Francisco-based investment banking firm Stone & Youngberg, has been elected to the Municipal Securities Rulemaking Board The Municipal Securities Rulemaking Board, often referred to simply as the MSRB, makes rules regulating broker-dealers and banks that deal in municipal bonds, municipal notes, and other municipal securities in the United States. (MSRB MSRB See Municipal Securities Rulemaking Board (MSRB). ). Mr. Williams's term begins this fall and runs until 2006. "Ken has the commitment, vision, and wisdom to make a difference in our industry," says Micah Green, president, Bond Market Association. "With over three decades of experience in underwriting, trading, and sales, Ken will be an asset to the Board," Green continued. "I'm honored to serve on the MSRB and committed to improving the fundamentals of the municipal securities industry," says Williams. Keeping with tradition, Williams follows his father, Everett, who served on the MSRB with distinction and served as vice chairman during the 1980s. Other members of Stone & Youngberg who have served on the MSRB include David Hartley and Scott Sollers. Williams oversees and manages all of the firm's activities, including municipal bond underwriting, fixed income trading, and fixed income sales. Currently he is a member of the Bond Market Association's Executive Committee, Regional Dealers' Advisory Committee, and task force on Municipal Price Transparency Price Transparency The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth. , as well as past president of the Municipal Bond Club of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . With 32 years of municipal finance experience, he has been responsible for pricing and marketing over 2,000 California and western U.S. debt issues. The 15-member MSRB is the national regulatory body of municipal markets and is comprised of five securities firm representatives, five bank representatives, and five non-affiliated members of the public. About Stone & Youngberg Founded in 1931, Stone & Youngberg is a fixed-income securities Fixed-income securities Investments that have specific interest rates, such as bonds. firm headquartered in San Francisco, with regional offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Sherman Oaks, San Diego, Phoenix, Norwalk, CT, and Richmond, VA. As one of the leading underwriters of tax-exempt local government debt in the West, Stone & Youngberg underwrote nearly 200 new municipal bond issues in California, Arizona, Nevada, and eleven other states in 2002. Besides underwriting, the firm provides investment services to individuals and institutions and offers a variety of tax-exempt and taxable securities. Further information is available at www.syllc.com. |
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