The Regional Bond Dealers Association today announced Co-CEO Michael Decker has left the organization to rejoin the Securities Industry and Financial Markets Association. The RBDA has launched a search for new staff members and will make further announcements as new hires are brought on board.
“I want to thank Michael for his efforts and wish him all the best in his future endeavors,” said Mark Medford, Chairman of the RBDA and President & CEO of Vining-Sparks.
The RBDA is considering several alternatives as it looks for new staff. The Association has grown considerably since it was formed last year with membership more than doubling from 14 original firms to 32 currently. Further, the RBDA is focusing on a number of significant issues, ranging from pending financial regulatory reform, to regulation of so-called “independent” financial advisors to credit enhancement for municipal bonds and the municipal bond rating scale employed by the major credit rating agencies. The Association has considered adding staff for the last several months and will take advantage of the opportunity now to put in place the best configuration to meet the needs of its members.
“The Board and I will consider a number of different alternatives,” said Mike Nicholas, CEO of the RBDA. “We will take into consideration the growth of our organization, the issues facing our members and the critical functions we’ll need as we move forward.”
