CFA Institute, the non-profit professional association that administers the Chartered Financial Analyst (CFA) curriculum and examination programme, says John Stannard, CFA, FSIP has been elected chair of its Board of Governors.
Vincent Duhamel, CFA, managing director of Goldman Sachs (Asia) LLC, will serve as vice chairman of the board. Both Stannard and Duhamel will serve one-year terms of voluntary service from the beginning of this month.
Stannard will head a 20-member Board of Governors consisting of people from the United States, Canada, Hong Kong, Luxembourg, Australia, the United Kingdom, Switzerland, and Singapore.
He replaces Monique E.M. Gravel, CFA, first vice president and branch manager at CIBC Wood Gundy in Montreal, Canada, who will continue on the board for one year as immediate past chairman.
“Today, CFA Institute faces a period of unique opportunity,” says Stannard. “We have a new CEO, a new name, and more streamlined advocacy and standard-setting efforts through the CFA Centre for Financial Market Integrity. Now, we have a duty to build upon all of our successes and approach a more competitive environment enthusiastically and with confidence. It’s a great privilege to be a part of these challenges as chair of this great organization.”
As managing director of client service for Russell’s institutional investment group, Stannard supports Russell’s growing institutional client base in Europe, the Middle East and Africa, including U.K. pension funds. Previously, he was chief operating officer at Russell, where he was responsible for administration and operations functions. Stannard is also chairman of Russell/Mellon Analytical Services and has served as a regular member of the CFA Institute Board of Governors since 2002. He received his CFA charter in 1988, is a UKSIP Fellow, and holds a B.Sc. in pure mathematics from Royal Holloway College at the University of London.
Stannard also sits on the Advisory Council for the CFA Centre for Financial Market Integrity, the advocacy and research arm of CFA Institute.
Five new governors have also been elected to the board to serve three-year terms beginning 1 September 2005:
- Alida Carcano, CFA, managing director for investment advisory at Credit Suisse in Lugano, Switzerland;
- James E. Hollis, CFA, managing director for Cutter Associates in Wellesley, Mass.;
- Stanley G. Lee, CFA, principal and portfolio manager for David J. Greene & Co., LLC in New York;
- Ashvin P. Vibhakar, CFA, director of the Institute for Economic Advancement in the College of Business Administration at the University of Arkansas in Little Rock; and
- Thomas B. Welch, CFA, managing director and regional manager for Wells Capital Management in Minneapolis.
“CFA Institute and the global investment industry have seen many changes,” says Jeff Diermeier, CFA, president and CEO of CFA Institute. “As CFA Institute moves into the future and fulfills its role as an industry advocate, educator and standard bearer, we need professionals like John and Vincent to help lead the way. I’m pleased to have the opportunity to work with them and the rest of the board.”
Ten other governors from seven countries will continue to serve the remainder of their three-year terms on the board: Anthony H. Cagiati, CFA (Zurich); Shirley Shea DeJarnette, CFA (Columbia, Mo.); Margaret E. Franklin, CFA (Toronto); Samuel B. Jones, Jr., CFA (Boston); James M. Lyon, CFA (Los Angeles); Alex K.G. Ng (Hong Kong); Nicola Ralston, FSIP (London); Brian D. Singer, CFA (London); Jose Luis Velasco, CFA (Luxembourg); and Teong Keat Yap, CFA (Singapore).
Diermeier will continue to serve on the board in his full-time responsibility as CFA Institute president and CEO. The CFA Institute membership votes each May at its annual meeting to elect new board members.