Charlottesville, Va., April 30, 2008 – CFA Institute announced today that Todd A. Jankowski, CFA has joined its Certificate of Investment Performance Measurement (CIPM) team as director of curriculum development.

Jankowski is responsible for coordinating the CIPM Program’s external curriculum review process, recommending externally published readings and directing the development and production of CFA Institute-sourced readings, and serving as subject matter expert for interactive courseware design and development.

The global CIPM program is designed to test candidates’ mastery of a specialized curriculum in the areas of ethics, performance evaluation, and application of the Global Investment Performance Standards (GIPS®). Certification recognizes a practitioner’s proficiency in applying analytical techniques and preparing GIPS-compliant presentations, which guide investment firms in fairly representing and fully disclosing performance results. The CIPM study and examination program trains performance analysts, client relationship managers, investment consultants, GIPS verifiers, compliance officers, regulators, and software developers, among others, to meet industry needs for well-qualified, ethically grounded performance professionals.

“I am eager to guide the further development of a well-regarded professional credential that specializes in performance measurement,” said Jankowski. “Aligning the CIPM Program’s Candidate Body of Knowledge with the responsibilities and skills identified by investment performance experts is crucial. Doing so tells employers, clients, and regulators that those with the CIPM designation have the best available expertise and advance the integrity of the global capital markets.”

Prior to joining CFA Institute, Jankowski was head of investment research in the Wealth Management division of Northwestern Mutual Life Insurance Company, where he had earlier held investment management positions in the retail advisory and institutional private placement divisions.  Mr. Jankowski previously worked as senior financial analyst for Helling Realty & Investment Company and as an internal revenue agent with the U.S. federal tax authority. 

Jankowski earned an MBA degree from the University of Wisconsin–Milwaukee and a BBA degree with a major in accounting and a minor in chemistry from the University of Wisconsin−Oshkosh. He has also served as a member of the CFA Institute Investment Performance Council, the CFA Program’s Candidate Curriculum Committee Working Body, and the board of the CFA Society of Milwaukee.

To earn the right to use the CIPM designation, candidates must complete two exams − Principles Level and Expert Level − and satisfy other conditions, including complying with the CIPM Association Code of Ethics and Standards of Professional Conduct, meeting a professional experience requirement, and participating in a mandatory continuing education program.

The Principles exam tests candidates on professional ethics, performance evaluation fundamentals (including attribution analysis), and provisions of the GIPS standards. The Expert exam covers ethical standards, advanced performance analysis techniques, and the finer points of the GIPS standards and guidance statements. Each exam is computer-based and three hours in duration.

In December 2007, CFA Institute announced that 56 percent of the CIPM Expert level candidates passed the examination. A total of 201 candidates in 22 countries sat for the three-hour, computer-based Expert exam, which was administered during September−October 2007. In addition, 49 percent of the candidates enrolled in the Principles level exam passed. A total of 326 candidates in 26 countries sat for the three-hour, computer-based Principles exam.

CFA Institute
CFA Institute is the global membership association that administers the Chartered Financial Analyst (CFA) and Certificate in Investment Performance Measurement (CIPM) curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 94,000 members, who include the world’s 81,000 CFA charterholders, in 131 countries and territories, as well as 135 affiliated professional societies in 56 countries and territories. More information may be found at www.cfainstitute.org. (Bloomberg users can find CFA Institute at 497458Z).