BDA Board of Directors

Tom Dannenberg, Chair
President & CEO
Hutchinson, Shockey, Erley & Co.
222 W Adams Street
Chicago, IL 60606

Brian Brennan, Vice Chair
Managing Director, Head Fixed-Income
KeyBanc Capital Markets
127 Public Square
Cleveland, OH 44114

Laura Elliott, Secretary-Treasurer
Managing Director, National Accounts
Incapital LLC
200 South Wacker Drive, Ste 3700
Chicago, IL 60606

Ronald Bernardi
President and CEO
Bernardi Securities, Inc.
20 South Clark Street, Ste 2700
Chicago, IL 60603

Mark Brown
Managing Director Head of Fixed Income Sales
Fifth Third Securities
Atlanta, GA

Lana Calton
Managing Director, Head of Clearing
Hilltop Securities, Inc.
1201 Elm Street, Ste 3500
Dallas, TX 75270

Angelique David
Senior Managing Director, Chief Operating Officer & General Counsel
B.C. Ziegler & Company
200 South Wacker Drive
Chicago, IL 60606

John Fechter
Managing Director, Head of Taxable Fixed-Income Trading
Wells Fargo Advisors
One North Jefferson Ave.
St. Louis, MO 63103

Keith Kolb
Managing Director, Public Finance
Robert W. Baird
777 East Wisconsin Avenue
Milwaukee, WI 53202

Sean Ladley
Managing Director,
Head of Generalist Fixed-Income Sales
Wells Fargo Securities
301 S. Tyron Street
Charlotte, NC 28282

Eric Needleman
Managing Director, Head of Fixed-Income
Stifel Nicolaus
501 North Broadway
St. Louis, MO 63102

Calvin Sullivan
Chief Fixed-Income Strategy Officer
Raymond James & Company
50 North Front Street
Memphis, TN 38103

Alex Wallace
Managing Director, Head of Public Finance
U.S. Bank
800 Nicollet Mall
Minneapolis, MN 55402

Don Winton
Chief Operating Officer
Crews & Associates
521 President Clinton Ave.
Little Rock, AR 72201

Guy Yandel
Executive Vice President, Co-Manager Muni Finance Division
George K. Baum
1400 Wewatta St, Ste 800
Denver, CO 80202

Mike Allen, Non-Voting
Manager, Municipal Products Division
FTN Financial
845 Crossover Ln, Ste 150
Memphis, TN 38117

Larry Bowden,Non-voting
Executive Vice President, Head of Fixed-Income
Stephens Inc.
111 Center Street
Little Rock, AR 72201

Cindy Higgins, Non-voting
Senior Vice President
Comerica Securities & Insurance, Inc.
201 West Fort Street
Detroit, MI 48226

Noe Hinojosa, Non-voting
President & CEO
Estrada Hinojosa & Co., Inc.
1717 Main Street
Dallas, TX 75201

Michael Marz, Non-Voting
Vice Chairman
Hilltop Securities Inc.
1201 Elm Street, Suite 3500
Dallas, TX 75270

Brad Winges, Non-voting
Managing Director, Head of Fixed-Income Services
Piper Jaffray Firm Investments & Trading
800 Nicollet Mall
Minneapolis, MN 55402

Mike Nicholas, Non-voting
Chief Executive Officer
Bond Dealers of America
1909 K Street NW, Ste 510
Washington, DC 20006