Mr. Schacht holds a JD and BS from the University of Wisconsin.
Awarded CFA designation, 1998
Mr. Schacht is managing director of the Standards and Financial Market Integrity division of CFA Institute. He is responsible for all efforts to develop, promulgate, and maintain the highest ethical standards for the investment community including CFA Institute Code of Ethics and Standards of Professional Conduct, Global Investment Performance Standards, CFA Institute Research Objectivity Standards, and CFA Institute Soft Dollar Standards. He directs efforts to represent the views of investment professionals to standard setters, regulatory authorities, and legislative bodies worldwide on issues that affect the practice of financial analysis and investment management, education, and licensing requirements for investment professionals, and the efficiency of global financial markets.
Prior to joining CFA Institute Mr. Schacht has been involved in the investment management business since 1990, serving as chief operating officer for a retail mutual complex in White Plains, New York; general counsel and COO for a Manhattan-based hedge fund; and as chief legal officer for the State of Wisconsin Investment Board (SWIB) in Madison, Wisconsin. Mr. Schacht has an extensive background in securities law and regulation, alternative investments, hedge funds, financial reporting, and corporate governance matters.
Mr. Schacht is a member of the Investor Advisory Committee to the U.S. Securities and Exchange Commission (SEC). He is currently serving a two-year term as a member of the Public Company Accounting Oversight Board's standing advisory group. He also served on the Advisory Committee for Smaller Public Companies to the SEC, the Expert’s Group for Principles for Responsible Investment of the United Nations Environment Programme (UNEP), and the Proxy Committee of the International Corporate Governance Network (ICGN). He was the New York Society of Security Analysts 2004 Volunteer of the Year.