Kathy Valentine
CFA Institute - North America
434-951-5348
kathy.valentine@cfainstitute.org
CFA Institute Names Glen Holden, Jr., CFA of Santa Barbara, Calif. Recipient of the Daniel J. Forrestal III Leadership Award
--Seven Other Professionals Recognized For Their Achievements--
CHARLOTTESVILLE, VA, JULY 1, 2004--Glen Holden, Jr., CFA of Santa Barbara, Calif., a past member of the CFA Institute Board of Governors, is the latest recipient of the prestigious Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice.
This award is periodically presented to a CFA Institute member who has championed the pursuit of excellence in professional ethics and standards of practice and who has provided outstanding leadership in elevating the integrity and competence of the global investment profession. Holden is the 13th recipient to receive this award since it was created in 1990 to honor Daniel J. Forrestal, CFA, a tireless advocate of professional competence and ethics.
For more than a decade, Holden has been a contributor to the CFA Institute Professional Conduct and Standards program. He has served as chair and member of various ethics and standards committees and was a contributing author to the CFA Institute Standards of Practice Casebook, a key learning tool for candidates in the Chartered Financial Analyst® (CFA®) program. Holden has also been involved with writing the ethics portions of the CFA exam.
Holden’s professional career spans more than 25 years, beginning in 1976 when he was vice president and assistant treasurer for Security First Group/Life Insurance Company in Calif. Since then, Holden has worked in the investment profession analyzing and managing portfolios and securities for various investment management organizations.
Holden is also a past participant of the CFA examination grading process and has been a long-standing volunteer, including serving as president, with the Los Angeles Society of Financial Analysts.
CFA Institute also presented awards to seven other leaders in the investment profession for their outstanding contributions to the financial services industry. This year’s other honorees are:
- Frank Dohn, CFA and Amaury Jordan, CFA were both awarded the Alfred C. Morley Distinguished Service Award for their leadership, exceptional stewardship and outstanding service on boards or committees. Dohn is a senior investment advisor with Wilmington Trust FSB in Costa Mesa, Calif. and has served as member of the CFA Institute Board of Governors, as a CFA Institute Presidents Council Representative (PCR) and PCR chair. He has also participated as a CFA exam grader and is a past president of the Los Angeles Society of Financial Analysts. Jordan, a partner with Infidar Investment Advisory Ltd. in Zurich, has been a member of the CFA Institute Board of Governors, a PCR and an exam grader. He is also the founding president of the first CFA Institute society outside of North America, the Swiss Society of Investment Professionals.
- Fred Speece, Jr., CFA received the C. Stewart Sheppard Award for his dedicated effort and inspiring leadership in fostering the education of professional investors through the CFA program and continuing education initiatives. Speece is founder of the investment firm Speece Thorson Capital Group in Minneapolis. He has served CFA Institute educational programs for two decades, starting in 1984 when he first participated in the grading of the CFA exams. Speece was a member of the CFA Institute Board of Governors for eight years (he was chair in 2000) and served for many years on the board of the CFA Institute Research Foundation, where he currently serves as its chair.
- David MacKendrick, a leader in the development and implementation of the CFA Institute Global Investment Performance Standards (GIPS®), was presented with the Thomas L. Hansberger Award in Global Investing for his outstanding contribution to the practice of global investment management. Currently retired, MacKendrick held a seat on the GIPS Investment Performance Council and was chair of the IPC’s Country Standards Subcommittee. His tireless efforts with the development of GIPS resulted in a globally accepted standard for reporting historical performance figures. MacKendrick also acted as a liaison between CFA Institute (then known as AIMR), the European Federation of Financial Analysts Societies (EFFAS) and the National Association of Pension Funds (NAPF) to further elevate the belief that standard setters should speak with one global voice.
- Alan F. Willenbrock, CFA was awarded the Society Leader Award for his spirit of volunteerism, support for local member societies and development of society best practices. Willenbrock is a senior portfolio manager for Northern Trust Bank in Tucson, AZ and has spent the past six years as president of the Tucson Chapter of CFA Institute. He is widely recognized for his efforts in spearheading the chapter’s public awareness efforts and its outreach to other investment profession organizations. Willenbrock is also recognized as one of the most tireless supporters for the creation of the Southwest Idaho Chapter of Investment Professionals and developing a mutually beneficial relationship between the Tucson Chapter and the University of Arizona.
- Edwin Elton and Martin Gruber both received the James R. Vertin Award to recognize the notable, relevant and valuable research and written materials they produced during their 40-year professional relationship. Both Elton and Gruber hold the title of Nomura professor of Finance at the Leonard N. Stern School of Business at New York University. Elton and Gruber are co-authors of Modern Portfolio Theory and Investment Analysis, a best-selling book used by most business schools. Gruber is also chairman of the Board of Directors for CREF, the investment arm of TIAA-CREF.
CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has 70,000 members in 115 countries. Its membership includes the world’s 57,000 CFA charterholders, as well as 129 affiliated professional societies and chapters in 50 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with additional offices in London and Hong Kong. More information may be found at www.cfainstitute.org or by calling 1-800-247-8132 or 1-434-951-5499 in the U.S., 44-207-712-1719 in London or 852-2868-2700 in Hong Kong.