Education Advisory Committee

Purpose

The Education Advisory Committee (EAC) is responsible for providing oversight and guidance to the processes by which CFA Institute develops the Global Body of Investment Knowledge (GBIK), Bodies of Knowledge (BOK), curricula for the CFA Program, CIPM Program and CFA Institute Investment Foundations, and any other program curriculum materials that are developed and administered by CFA Institute. 

In order to address its mandate, the Education Advisory Committee:

  • Makes recommendations for the continuous development of the practice analysis process by which the GBIK and CBOK are developed
  • Selects topics from the Bodies of Knowledge to be reviewed each year and sets priorities for the practice analysis
  • Provides guidance in the development and review of the CFA and CIPM Programs curricula in line with practice analysis, CBOK and test specifications
  • Assists in idea search, such as new content, conference topics, products and services, in coordination with other CFA Institute stakeholders as necessary

Learn more about practice analysis

Committee Members

The Education Advisory Committee is comprised of a diverse group of 13 members who reside in the following 10 countries/regions: Australia, Chile, India, Kuwait, Portugal, Singapore, Switzerland, Turkey, United Kingdom, and United States.

Ade Roberts, CFA

Ade Roberts CFA

Chair

Ade Roberts, CFA, is a deputy fund manager at City Financial Investment Company in London, where he has assisted with the portfolio management of a long/short global equities fund since March 2014. Previously, he spent nine years at Analyst Investment Management plc, where he was a portfolio manager and board member directly responsible for the management of UK equity portfolios for a collective investment vehicle and segregated accounts.

Roberts was a founding member of the ethics committee of CFA Society UK and has served on the structured learning committee of CFA Society UK since 2010. He authored a CFA Institute equity research primer on the global tobacco industry and mentors university students for the Research Challenge. Roberts is currently Chair of the Education Advisory Committee of CFA Institute and a curriculum reviewer. He holds the UK’s Investment Management Certificate and has a first class honors degree in mathematics and investment from London Metropolitan University.

Hugo Aravena, CFA, CAIA, FRM

Hugo Aravena CFA, CAIA, FRM

Hugo Aravena,‎ CFA, CAIA, FRM is Director of Portfolio Solution and Asset Allocation in BTG Pactual Chile. He is responsible for portfolio asset allocation and portfolio solutions for advisory services and discretionary accounts of wealth management clients.

Aravena has 12 years of professional experience in investment banking. His experience includes Portfolio Manager of Equity, Balanced Mutual Funds, Derivatives and Liquid Alternative Strategies and extensive experience working with wealth management clients and private bankers designing and implementing efficient portfolios and tailor-made solution for institutions, foundations, and wealth management investors with emphasis in risk management and total return mandates.

Aravena holds a MSc in Mathematical Finance from the University of Birmingham, a MSc in Finance from the University of Chile, and earned a bachelor's degree in Business from The University of Chile. Aravena is a Professor of Wealth Management and Advanced Portfolio Management at the University of Chile and an active member of CFA Society Chile.

Cristina Brízido, CFA

Cristina Brízido CFA

Cristina Brízido, CFA, is Head of Investments at the asset management company of Caixa Geral de Depósitos Bank (CGD). She leads an investment team responsible for the design, implementation, and management of investment solutions for individual and institutional clients. Previously, Brízido was the Head of the Wealth Management unit. Prior to that, she was an Equity Analyst since joining the firm in 2001. Brízido has been involved in the financial services industry for over 15 years and has leveraged expertise on a variety of investment areas such as: portfolio management, wealth management, manager selection, and alternative investments. Brízido graduated with an Economics degree from Nova School of Business and Economics (Nova SBE).

Joanna Chang, CFA, FRM

Joanna Chang CFA, FRM

Joanna Chang, CFA, FRM, is an Investment Risk Specialist at the Australian Prudential Regulation Authority (APRA). She provides advice and guidance on investment risk matters relating to regulated institutional asset owners such as pension funds and insurers. Chang’s area of specialisation is investment risk governance covering key aspects of the investing process from investment objective and strategy formulation through to implementation. Her scope of work covers all asset classes from fixed interest and listed securities through to alternative assets. Chang has also recently served as a Technical Advisor to the Australian House of Representatives Standing Committee on Economics.

Prior to joining APRA, Chang held several roles within Westpac Banking Corporation's institutional division across financial markets trading and corporate advisory areas.

She holds a Commerce degree majoring in Accounting and Finance from Macquarie University and the FRM designation.

Ismail Erdem, CFA

Ismail Erdem CFA

Ismail Erdem, CFA, is chief investment officer and founding partner of Taaleri Wealth Management, which is a subsidiary of Taaleritehdas, a Finnish wealth management and investment firm. Erdem leads the wealth management team in Turkey. He also manages the group’s equity funds that invest in Turkey and Middle East and North Africa (MENA) regions.

Erdem began his career in 1995 as an equity analyst. Prior to joining Taaleri, he worked as a research analyst at ING Barings and managed the investment research teams of leading Turkish brokers including Finansinvest and TEB/BNP Paribas Investments.

Erdem is a founding board member of CFA Society Istanbul and has served on the society’s board in various capacities including two terms as president. He led the effort to hold the first Investment Research Challenge in Turkey and contributed to several IRCs as mentor and judge.

Erdem holds bachelor’s degrees in electrical engineering and physics from Bogazici University, Turkey. He completed his MBA in finance and corporate accounting at the William E. Simon Graduate School of Business, University of Rochester. He also conducted PhD studies in management science and systems at McMaster University, Canada.

Elsie M. Fletcher, CFA

Elsie M. Fletcher CFA

Elsie M. Fletcher, CFA, is a director at Tukman Grossman Capital Management, an institutional asset management firm in Larkspur, California, USA. She is responsible for all areas of the firm’s client-facing activities including development, board presentations, and investment reporting. Prior to joining Tukman, Fletcher was the chief investment officer for Bank of America’s Pension Plans, with assets under management of USD 26 billion. In this position, she was responsible for leading and implementing the bank’s pension investment program, including asset/liability management, asset allocation, risk management, and manager selection. In addition, Fletcher managed the pension plans at Electronic Data Systems, where she was responsible for USD 2.1 billion in pension plan assets, including defined benefit and 401(k) plans.

Fletcher currently serves as past president of CFA Society San Francisco, where she has been a board member for seven years. She joined the Education Advisory Committee in 2013 and currently serves as the vice chair She has served on the Test Specification Task Force (TSTF), standards setting committees, as a grader for Level III exams, and as a mentor at CFA Society San Francisco.

Fletcher received an MBA in finance from the University of North Texas and a bachelor’s degree from the College of Chemistry and Physics at Louisiana State University. She has held the Chartered Financial Analyst (CFA) designation since 1995.

Anubhuti Gupta, CFA, CIPM

Anubhuti Gupta CFA, CIPM

Anubhuti Gupta, CFA, CIPM, is currently the Pan Asia deputy chief investment officer for Rosenberg Equities, AXA Investment Managers. She is responsible for managing the Asia and Global Emerging Markets strategies and is actively involved in alpha and portfolio construction research.

Gupta joined the company in 2005 as a portfolio manager with the Asia Investment team and managed long-only and long–short portfolios for Asian developed and emerging markets.

Gupta obtained a bachelor’s of engineering with first class honors from Nanyang Technological University (NTU) in Singapore and a master’s degree in financial engineering from the NTU Graduate School of Business with a certificate in Computational Finance from Carnegie Mellon University Tepper School of Business. She was awarded the CFA charter in 2009 and also holds the Chartered Alternative Investment Analyst (CAIA) and Certificate in Investment Performance Measurement (CIPM) designations. She has served on the Executive Committee for Financial Women’s Association of Singapore and continues to be a member of the association. Gupta has been an active member of CFA Society Singapore and joined the Education Advisory Committee of CFA Institute in September 2015.

Jamie Li, CFA

Jamie Li CFA

Jamie Li, CFA, serves as Portfolio Manager at the State Teachers Retirement System of Ohio, where she manages the largest active equities mandate within the firm, a Global ex-US equities portfolio of over $3 billion. A strong believer in long term, fundamental value based investing, Ms. Li has maintained over a decade of consistently strong outperformance throughout market cycles. Ms. Li has a deep understanding of the macroeconomic and political issues globally, as well as an extensive knowledge base of numerous companies across all sectors in over 40 countries. She received her MBA with High Honors from the University of Chicago’s Booth School of Business, and a Bachelor of Architecture from Zhejiang University. Ms. Li is fluent in Mandarin Chinese and has diverse interests in fine arts, music and culture. She hosted several radio music programs, enjoys drawing, painting and photography, and is a confident public speaker.

Suresh Raghavan, CFA

Suresh Raghavan CFA

Suresh Raghavan, CFA, is a principal and founding partner of MBR Financial, a boutique private wealth management firm based in Houston, Texas, USA. He co-founded MBR Financial in 2011 and is the firm’s chief investment officer. Prior to entering the private wealth management industry in 2002, Raghavan was in institutional portfolio management for more than a decade. He started his career as a fixed income analyst at Schroder Capital in New York in 1989.

Raghavan has been a volunteer for CFA Institute since 2005, serving on the Disciplinary Review Committee, as a CFA exam grader, and on the Education Advisory Committee. He also serves as the Interim Designated Officer for CFA Institute.

Raghavan earned a bachelor’s degree in commerce from the University of Madras (Chennai) and an MBA from Syracuse University. He is the treasurer of the Houston Arts Alliance, a public–private partnership for funding the arts in Houston, and is a member of the City of Houston’s Investment Advisory Committee.

Mandagolathur Raghu, CFA

Mandagolathur Raghu CFA

Mandagolathur Raghu, CFA, is the head of research at Kuwait Financial Center (Markaz), a leading asset management company based in Kuwait with assets under management exceeding USD 3 billion. He leads the strategic research initiative of Markaz with a specific focus on capital market research, GCC infrastructure and sectors, and investment strategy. Before joining Markaz, he was a wealth management professional in Bahrain advising Middle Eastern high-net-worth clients on asset allocation, money manager selection, and investment opportunity review. Prior to his time in the Gulf region, Raghu worked with several institutions based in India, including the largest mutual fund Unit Trust of India and the largest engineering consultancy firm MECON.

Raghu was awarded the CFA charter in 2003 and the Financial Risk Manager designation in 2005. He has attended Harvard’s Investment Management Workshop. He has been actively involved as a volunteer with CFA Institute as a senior grader, member of the Middle East Investment Conference Advisory Committee, and member of the Education Advisory Committee since 2012. He is a fellow member of the Institute of Cost and Management Accountants of India (1987). Raghu is an active writer and lecturer.

Patrick Ranzijn, CAIA, FRM, CFA

Patrick Ranzijn CAIA, FRM, CFA

Patrick Ranzijn, CFA, is global co-lead of products and finance education at UBS Business University, where he also authors learning guides and books and serves as an expert for the Wealth Management Master program. He previously founded Fontana Capital Management; served as managing director, CEO, and senior trader at All Options Helvetia AG; and traded at Timber Hill and Interactive Brokers Group, Inc. Mr. Ranzijn also holds the CAIA (Chartered Alternative Investment Analyst) and FRM (Financial Risk Manager) designations. He is currently a contributor to a finance curriculum for social entrepreneurs in conjunction with the World Economic Forum.

Stefan Whitwell, CFA, CIPM

Stefan Whitwell CFA, CIPM

Stefan Whitwell, CFA, CIPM, is President and Co-Founder of National Wealth Partners, LLC. Stefan is a sought-after advisor and business funding expert serving difference makers and business owners. He helps clients define and implement strategies to support their most valued life-goals through asset protection, tax planning, investing, business exit planning, wealth transfer planning and high impact philanthropy.

Stefan started his career working alongside some of the most globally respected bankers at James D. Wolfensohn, Inc., Goldman Sachs and Credit Suisse First Boston. He has worked in New York City, London, Hong Kong and Tokyo and has a first-hand understanding of the global markets.

Stefan graduated from the Wharton School of Business at the University of Pennsylvania and subsequently earned the Chartered Financial Analyst designation and Certificate in Investment Performance Measurement, both from the CFA Institute where he serves on their global Educational Advisory Committee. In addition, Stefan serves on the Long Center Corporate Advisory Board, the Baylor Scott & White - Development Advisory Board and as a Social Venture Partner at Mission Capital.

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