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Board of Governors

The Board of Governors is the most senior corporate body, with ultimate responsibility for the strategy and the management of the organization.

Board of Governors Overview

Board Committees

Board of Governors Meeting Minutes

Contact the Board of Governors

Why Hire a CFA Charterholder

Self-Nominate or Recommend a Candidate

Annually, our Nominating Committee actively seeks candidates to serve on the CFA Institute Board of Governors.

Self-Nominate or Recommend a Candidate

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Mark Lazberger CFA

Board Chair and Executive Committee Chair

Member of CFA Societies Australia

Mark Lazberger, CFA, has had a career in investment management with more than 35 years’ experience in global leadership roles working in Australia, Europe and Asia. He currently has non-executive director positions on Yarra Capital Management, Fisher Funds Management and Omnia Capital Partners. Until the end of 2018, Mark was the chief executive officer of Colonial First State Global Asset Management (CFSGAM) and First State Investments (now known as First Sentier Investors). In that role, Mr. Lazberger led the investment management firm which was a global specialist investment manager operating in 15 locations across the world, covering Europe, the Middle East, Africa, Asia, North America, Australia, and New Zealand. Mr. Lazberger had responsibility for more than $180 billion in assets under management invested in listed equities, debt, infrastructure, and property. Prior to taking up that position in 2008, Mr. Lazberger served as President, International of State Street Global Advisors (SSGA). Before this, he was President and CEO of State Street Japan and a principal and regional managing director of SSGA’s businesses in Japan and Australia. He joined State Street in 1991. Mr. Lazberger has a bachelor of commerce degree from the University of Western Australia and served two terms on the Board of Governors of CFA Institute (2012-18). He is a director of the Children’s Cancer Institute, a member of the Future of Finance Advisory Council and served on the board of Sydney Theatre Company.

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Tricia Rothschild CFA

Board Vice Chair and Risk Committee Chair

Member of CFA Society Chicago

Ms. Rothschild is an advisor to The TIFIN Group and a board member of the Financial Fitness Group. In her former role as president of Apex, she was responsible for the strategic planning, development, and overall growth of the company. She also directly oversaw internal and client-facing functions including sales, marketing, and product management.

Before joining Apex, Ms. Rothschild was Chief Product Officer and Co-Head of Global Markets at Morningstar, where she led a multi-million-dollar global portfolio of businesses including software, data, research and index solutions that served asset managers, wealth managers, and individual investors. In her 26-year career at the firm, she developed a focused advisor and wealth management segment strategy, launched the firm’s equity research business, drove content strategy for the firm’s individual investor website, and served as a securities analyst and editor.

Ms. Rothschild graduated with a bachelor of science degree from Northwestern University and holds a master’s degree in Russian and East European economics from Indiana University. She also sits on a small portfolio of private-company boards in the fintech and wealth-tech space.

Before joining Apex, Tricia was chief product officer and co-head of global markets at Morningstar, where she led a multi-million-dollar global portfolio of businesses including software, data, research and index solutions that served asset managers, wealth managers, and individual investors. In her 26-year career at the firm, she developed a focused advisor and wealth management segment strategy, launched the firm’s equity research business, drove content strategy for the firm’s individual investor website, and served as a securities analyst and editor.

Tricia graduated with a bachelor of science degree from Northwestern University and holds a master’s degree in Russian and East European economics from Indiana University. She also sits on a small portfolio of private-company boards in the fintech and wealth-tech space.

Margaret Franklin

Margaret Franklin CFA

President & CEO

President and CEO, CFA Institute

915 E High Street
Charlottesville, VA 22902

Member of CFA Society Toronto

Margaret Franklin, CFA, leads CFA Institute and its more than 170,000 members worldwide in promoting the highest standards of education, ethics, and professional excellence in the investment profession. She assumed her role in September 2019 and has more than 25 years of investment and wealth management experience.

Before joining CFA Institute, Ms. Franklin led International Wealth Management for North America and was president of BNY Mellon Wealth Management, Advisory Services in Canada. She also served as a board member of BNY Mellon Trust Company (Cayman). Margaret joined BNY Mellon in 2016.

Prior to joining BNY Mellon, Ms. Franklin held multiple senior management positions, including president of Marret Private Wealth and COO of Marret Asset Management, a credit and hedge fund asset manager in Toronto. During that six-year tenure, she had direct oversight of all aspects of the private wealth business. Prior to joining Marret, Margaret was a partner with KJ Harrison & Partners.

Ms. Franklin began her career in the institutional business and has worked with pension plans, endowments, foundations, and government agencies at State Street Global Advisors, Mercer, and Barclays Global Investors.

She previously served as chair of CFA Institute Board of Governors and is a former president of the CFA Society Toronto Board. Ms. Franklin is a founding member of the CFA Institute Women in Investment Initiative, a past recipient of the Alfred C. Morley Distinguished Service Award in 2014, and a member of its Future of Finance Content Council.

She is also a member of the Michael Garron Hospital Foundation Board. Ms. Franklin earned a Bachelor of Administration in Economics from McMaster University in Ontario. She is a CFA charterholder and a member of the CFA Society Toronto.

Marshal Bailey

Marshall Bailey CFA

Professional Non-Executive Director on the boards of London Stock Exchange Group (LSEG), LCH Group (Chairman), UK Financial Services Compensation Scheme (Chairman), CIBC World Markets PLC (Chairman), and Representative of the Saudi Public Investment Fund on the Board of National Commercial Bank

Member of CFA Society United Kingdom

Marshall has substantial experience of leading complex international committees and boards. His background spans a range of sectors, including banking and capital markets, insurance, and government regulation. He has a career in finance spanning over 30 years on three continents, and remains active at Group Board level. In June 2018 he was made an Officer of the Most Excellent Order of the British Empire (OBE) for his contribution to financial services, and to charity.

Marshall Bailey is Chairman of MUFG Securities EMEA and he is also Chair of the Financial Services Compensation Scheme, as appointed by the FCA and Bank of England. He is also the non-executive Chairman of CIBC World Markets Plc in London. Finally, he is a Representative of the Saudi Arabian Public Investment Fund on the board of the largest bank in the Kingdom, National Commercial Bank, Jeddah, where he Chairs the Group Risk Committee. In combination, this gives him substantial investment banking and regulatory leadership experience at an international level.

Recently he has stepped down as Chairman of LCH Group Holdings, the world’s largest derivatives central clearing house, and sits on the Board of its parent, the London Stock Exchange Group. On these boards he has Chaired or been a member of the Nominations Committee, Remuneration Committee. Additionally, he is a non-executive Director and Chair of the Risk Committee of Chubb European Group Insurance Ltd. He has been an Independent Director on the board of UK Financial Investments Ltd (UKFI), the government body overseeing the UK government's ownership of banking assets after the 2008 financial crisis.

Marshall holds a BA in Political Science from the University of Winnipeg, a Master of Arts in International Affairs and History from the Graduate Institute of International and Development Studies in Geneva, Switzerland and is a Chartered Financial Analyst. He has also completed the FT Non-Executive Directors' Diploma. In his spare time, Marshall sails and is a qualified Ocean Yachtmaster with the Royal Yachting Association. He also buys himself a new putter each year in his endless pursuit of lower golf scores.

Alexander Birkin

Alexander Birkin

Global Wealth and Asset Management Consulting Leader, EMEIA Wealth and Asset Management Industry Leader, Ernst & Young LLP

Member of CFA Society United Kingdom

Alex Birkin is the EY Global Wealth and Asset Management Consulting Leader and EMEIA Wealth and Asset Management Industry Leader. He is responsible for all of the services EY delivers to the Wealth Management, Asset Management, Alternatives and Asset Servicing sectors (WAM) in EMEIA and for the consulting services globally. Mr. Birkin is a member of the EY Global WAM Executive Committee, Global Consulting Extended Leadership team and EMEIA FSO Leadership team. Mr. Birkin joined EY in 1997 as a graduate and after 8 years became a partner in 2005. He has been advising the Wealth and Asset Management industry for over 20 years. Mr. Birkin provides advice and consulting services to Boards and Executive Management teams in the industry across a number of disciplines including strategy, business model transformation, digital transformation, technology, transaction integrations, growth strategies, cost reduction, regulatory driven business change and risk management. Mr. Birkin’s clients include global and boutique Asset Managers, Private Banks, Wealth Managers, Alternative Managers and Investor Services firms based in EMEIA, the US, Asia and Japan. In addition to serving clients, Mr. Birkin has provided industry advice to HM Treasury, Investment Trade Associations and Regulators. He regularly publishes articles on industry trends, thought leadership on the next evolution of the industry and is regularly asked to present at leading industry conferences in Europe, Middle East, Asia and the US.

Daniel J. Fasciano, CFA

Dan Fasciano CFA

Society Partnership Advisory Council Co-Chair

Director, GW&K Investment Management

Member of CFA Society Boston

Dan Fasciano, CFA is a Director at GW&K Investment Management, a $58 billion asset manager headquartered in Boston, Massachusetts. In his role, Dan is responsible for strategic leadership and growth of GW&K’s private wealth management practice.

Before joining GW&K in June 2021, Mr. Fasciano spent more than 10 years at BNY Mellon Wealth Management, most recently as National Director of Portfolio Management where he was a member of the firm's Investment Strategy Committee and chaired its National Account Review Committee.

Prior to BNY Mellon, Mr. Fasciano served as the Treasury Director for the State of Florida and Head of the U.S. Investment office for UK-based Aviva Investors.

Mr. Fasciano formerly served as the chair of the CFA Institute Presidents Council and as the Presidents Council representative for the Eastern United States. He is a past board member and chair of CFA Society Boston. He received his BA from the University of New Hampshire and his MBA from Boston University. In addition to the CFA designation, Dan also maintains the Chartered Market Technician (CMT) and Charted Alternative Investment Analyst (CAIA) designations.

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Joanne Hill PhD

Chief Advisor for Research and Strategy, Cboe Vest

Joanne Hill has over 25 years of experience in research and strategy with an emphasis on indexes, options and quantitative investments. Prior to joining CBOE Vest, Dr. Hill worked with ProShares for 8 years, as Head of Institutional Investment Strategy, focusing on ETF research and education, and spent 17 years at Goldman Sachs, where she was a Managing Director leading global equity index and derivatives research and advising institutional investors on strategies using index and risk management tools.
She heads the research committee for the "Q" Group and the CFA Institute Research Foundation where she is also a board member. She also serves on the editorial board of the Financial Analysts Journal, Journal of Alternative Investments, and Journal of Index Investing.
Money Management Executive named Dr. Hill one of the ten inaugural recipients of the Top Women in Asset Management Awards. She was a Founding Member and Co-President of Women in ETFs and currently serves on their board. She is a member of the Investment Committee of the Montgomery County Public School Defined Benefit and Defined Contribution pension plans. Prior to her career on Wall Street, Dr. Hill was on the faculty of the University of Massachusetts (Amherst) and she has a Ph.D. in Finance from Syracuse University.

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Heinz Hockmann PhD

Advisory Council Member, Lovell Minnick Partners

Dr. Heinz J. Hockmann began as an advisor to LMP in 2012. As an independent consultant, Heinz works closely with LMP’s investment professionals and assists in deal sourcing, investment evaluation and due diligence on European and international asset management opportunities. Because of Heinz’s operating company experience, in addition to his activities on behalf of LMP, he may from time to time serve as a portfolio company director.
Heinz was an executive officer at Commerzbank AG in Germany for nearly twenty years and was a Member of the Management Board of the Bank with responsibilities for asset management, private banking and investment banking. Earlier in his career at Commerzbank, he founded its asset management business for international institutional clients and built the bank’s global asset management platform. He then joined Fortis Investments and developed its asset management business in Germany, Austria and Eastern Europe.
In 2008, Heinz co-founded Silk Invest, an investment management company headquartered in London and specialized in frontier markets with offices in various African and Middle Eastern countries. He serves on the Board of Silk Invest as well as the boards of several German companies in the financial services sector including WWK, a major German insurance company.
Heinz holds a master’s degree from Bochum University where he also received his Ph.D. in 1983. He is a lecturer for Investment Banking and Commercial Banking at the Justus-Liebig University in Giessen.

Punita Kumar-Singa

Punita Kumar-Sinha PhD, CFA

Investment Subcommittee Chair

Investment Professional & Board Member. Independent Director, Infosys, JSW Steel, Bharat Financial & Others. Managing Partner, Pacific Paradigm Advisors Boston/India

Member of CFA Society Boston

Punita Kumar-Sinha, PhD, CFA, has focused on investment management and financial markets during her 30-year career. She also has significant governance and Board experience across India and North America. Ms. Kumar-Sinha has been investing in emerging markets since the late 1980s and pioneered some of the first foreign investments in the Indian subcontinent in the early 1990s. Currently, she is the Founder and Managing Partner, Pacific Paradigm Advisors, an independent investment advisory and management firm focused on Asia. She serves as an Independent Director and Senior Advisor for several companies in India. Prior to this, Ms. Kumar-Sinha was a Senior Managing Director of Blackstone and the Head & Chief Investment Officer of Blackstone Asia Advisors. Ms. Kumar-Sinha was also the Senior Portfolio Manager and CIO for The India Fund (NYSE: IFN), one of the largest India funds in the US, for almost 15 years; during this time, she managed several Asia funds as well. Prior to joining Blackstone, Ms. Kumar-Sinha was a Managing Director and Senior Portfolio Manager at Oppenheimer Asset Management Inc. and CIBC World Markets, where she also managed India and Asia funds. She has also worked at Batterymarch (a Legg Mason company), Standish Ayer & Wood (a BNY Mellon company), JP Morgan, and IFC/World Bank. Ms. Kumar-Sinha is frequently featured in the media and at global conferences as an expert commentator on Asian capital markets and women’s issues. She has also anchored many TV shows on major economic trends, key policy issues for India, and global capital markets. Ms. Kumar-Sinha has a PhD and a master’s in Finance from the Wharton School, University of Pennsylvania. She received her undergraduate degree in Chemical Engineering with Distinction from the Indian Institute of Technology, New Delhi. She has an MBA and is a CFA charterholder. Ms. Kumar-Sinha is a member of CFA Institute, a member of the Boston Security Analysts Society, a TiE Charter Member, and a member of the Council on Foreign Relations. Ms. Kumar-Sinha has been awarded the Distinguished Alumni Award from IIT Delhi.

Yimei Li

Yimei Li CFA

CEO, China Asset Management Co. Ltd.

Member of CFA Society Beijing

Yimei Li, CFA, is Chief Executive Officer at China Asset Management Co., Ltd. Ms. Li has been in that role since May 2018, serving one of the largest mutual fund companies in China with more than USD 170 billion AUM and 120 million investors. Before that, she was the CMO of ChinaAMC for 6 years, leading a team of more than 200 people. She started with international business, then worked in human resources, marketing, sales management, and the fin tech business. She served as the founder of ChinaAMC Wealth Management Company. She is also now in charge of the operation and IT functions of ChinaAMC.

Ms. Li also serves as the Vice Chair of Asset Management Association of China (AMAC) and is a member of that organization’s pension investment committee. She is very committed to bridge ideas and practices between regulators and market participants. She is a regular conference speaker and has given lectures to high officials of NGOs and charity groups on fund raising and marketing techniques.

Ms. Li graduated from Harvard University with a Master in Public Policy and from Renmin University of China with a Master in Economics. She holds the Chartered Financial Analyst® charter and is a member of CFA Society Beijing.

Karina Litvack

Karina Litvack

Non-Executive Director, Eni S.p.A.; Non-Executive Director, Business for Social Responsibility Chairman, Tainted Assets Initiative; Co-Founder, Climate Governance Initiative

Karina Litvack serves on a number of boards and advisory bodies in the UK, Italy, and the US, following a 25-year career in finance and investment management, where she developed a particular expertise in corporate governance, business ethics and sustainability. She serves as an independent non-executive director on the Board of Italian oil & gas company Eni SpA, currently on the Control & Risks Committee and the Sustainability & Scenarios Committee, having previously also been a member of the Compensation Committee. She also serves on the Board of Directors of Business for Social Responsibility (BSR); the Senior Advisory Panel of oil & mining sector consultant Critical Resource; the Global Advisory Council of boutique investment bank Cornerstone Capital Inc.; the Advisory Council of private equity firm Bridges Fund Management Ltd.; and the Transparency International-UK Advisory Council.

Until 2013, Karina ran the Governance and Sustainable Investment activities of UK asset manager F&C Investments*, focusing on equity research, shareholder activism and public policy engagement.

A dual Canadian and French national, Karina holds an MBA in Finance and International Business from Columbia University Graduate School of Business in New York and a BA in Political Economy from the University of Toronto.

* now BMO Global Asset Management, a unit of the Bank of Montreal

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Geoffrey Ng CFA

Audit and Finance Committee Chair

Director, Fortress Capital Asset Management


Member of CFA Society Malaysia

Geoffrey Ng, CFA, is a director at Fortress Capital Asset Management, a Pan-Asian investment management company. He has over two decades of investment management and leadership experience. Previously, Mr. Ng served as chief executive officer and executive director at Hong Leong Asset Management; senior vice president, global emerging markets, at Dubai Investment Group; and chief investment officer at Pacific Mutual Fund. He is a member of the CFA Institute Board of Governors, where he is vice chair of the Audit and Risk Committee. Mr. Ng is the independent non-executive chairman of Kronologi Asia Berhad, where he previously served as an independent non-executive director and is a member of the Audit, Nomination, Remuneration, and Share Grant Plan Committees. He holds the Certified Financial Planner designation and earned the Fintech: Future Commerce certification from the Massachusetts Institute of Technology and a CFA Institute Investment Foundations Certificate. Mr. Ng earned a bachelor of commerce (high honors) with a double major in accounting and finance from the Sprott School of Business at Carleton University.

Geoffrey is an in-coming governor to the CFA Institute’s Board of Governors. He has served on the Education Advisory Committee (vice chair and chair of the Practice Analysis subcommittee) and Council of Examiners, as well as vice president and treasurer for CFA Society Malaysia. Geoffrey has a B.Commerce (High Honours) in Accounting and Finance from Carleton University, Canada. He is a CFA charterholder, holds a CFP certification, and has completed the MIT Fintech: Future Commerce program by the Massachusetts Institute of Technology.

Diane Nordin

Diane C. Nordin CFA

Governance Committee Chair

Director, Federal National Mortgage Association

Member of CFA Society Boston

Diane C. Nordin, CFA, is a director at Fannie Mae and Antares Capital and a former partner at Wellington Management Company. At Wellington, she held several roles—including director of fixed income, director of global relationships management, and director of fixed-income management—and served on numerous committees. Previously, Nordin worked at Fidelity Investments and Putnam Advisory Company. She is a trustee of Wheaton College and a board member of Massachusetts College of Art and Design Foundation and the Appalachian Mountain Club. Nordin is a member of the CFA Society Boston and a graduate of Wheaton College.

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Maria Wilton CFA

People and Culture Committee Chair

Director, Victorian Funds Management Corporation

Member of CFA Society Melbourne

Maria Wilton, CFA, has a 30-year history in the investment industry with leadership experience in asset management and superannuation. She is a member of the Board of Governors of the CFA Institute, deputy chair of Infrastructure Victoria and a director of Victorian Funds Management Corporation. She is chair of the National Diversity Committee and a member of the Advocacy Council of the CFA Societies Australia. Maria is the former managing director and chair of Franklin Templeton Investments Australia and senior director of International Advisory Services - a role she held for 12 years. She was responsible for the management of Franklin Templeton's activities in Australia and New Zealand, and for driving the strategic direction of the Australian business. Prior to joining Franklin Templeton, Ms. Wilton was with BT Financial Group (formerly Rothschild) and County Investment Management where she was a diversified fund and fixed income portfolio manager. She began her investment management career at JP Morgan Investment Management as an economist and portfolio manager. Before joining the investment management industry, Ms. Wilton worked for the Commonwealth Treasury in Canberra in an economic research capacity. Maria is a fellow of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees. She was a board member of the Financial Services Council and co-chair of the Investments Board Committee. She was a trustee director of AGEST and Emergency Services and State Super and a member of their Investment Committees. She was a director of Melbourne Water, the Transport Accident Commission, the National Breast Cancer Foundation and Victoria Legal Aid (VLA), and chair of the VLA Audit Committee. Ms. Wilton holds a bachelor of economics from the University of Tasmania and is a Chartered Financial Analyst (CFA) Charterholder.