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CFA Institute Honors Five Individuals for Outstanding Leadership, Service, and Professional Excellence

16 July, 2018
New York City United States
Among honorees, Robert B. Hardaway, Jr., CFA, is recognized for more than 60 Years of service

Amid its challenge to the global investment management industry to build a better world for investors, CFA Institute, the global association of investment professionals, announces the recipients of its annual awards for outstanding contributions to the investment profession. The awards, bestowed by the CFA Institute Board of Governors, recognize individuals in the CFA Institute community for their exemplary leadership, impactful contributions, longstanding service, and commitment to ethics and standards.

 

This year’s honorees are:

 

  • Robert B. Hardaway, Jr., CFA, who has been involved with CFA Institute and its predecessor organizations for more than six decades, receives the Special Service Award, in recognition of his exceptional service to CFA Institute and the investment management profession throughout his career.

  • Hareb Masood Al-Darmaki, a founding employee of the Abu Dhabi Investment Authority, receives the Award for Professional Excellence, recognizing his exemplary achievements, excellence of practice and leadership, which have inspired and reflected honor upon the profession in which serves.

  • Dwight D. Churchill, CFA, who previously served as interim president and chief executive officer at CFA Institute and held senior positions with Fidelity Investments, receives the Distinguished Service Award, in honor of Alfred C. “Pete” Morley, in recognition of his significant contribution to CFA Institute through leadership, stewardship, and outstanding service.

  • Lynn Stout an internationally recognized financial expert, posthumously receives the Leadership in Professional Ethics and Standards of Investment Award, in honor of Daniel J. Forrestal III, recognizing her pursuit of excellence in professional ethics and standards of practice and outstanding leadership in advocating the integrity and competence of the profession.

  • Jacques Lussier, Ph.D., CFA, co-founder, chief information officer, and CEO of IPSOL Capital, receives the Outstanding Contribution to CFA Institute Education Programs Award, in honor of C. Stewart Sheppard, in recognition of his outstanding contributions to the continuing education of CFA Institute members and candidates.

 

“We have challenged CFA charterholders and the industry to ‘measure up’ to the highest standards and build a better world for investors,” said Paul Smith, CFA, president and CEO of CFA Institute. “All five individuals we honor this year have done just that, setting the bar for excellence over many, many years. If we all strive for this standard and follow their examples, our goals to reclaim trust in our profession and contribute to the greater good of society will be within reach.”

 

Robert B. Hardaway, Jr., CFA, has contributed to CFA Institute since 1952, when he became a member of the Richmond Society of Financial Analysts, which had just been admitted to the National Federation of Financial Analysts Societies (NFFAS), the antecedent of CFA Institute. He became a charterholder in 1966, served as president of CFA Society Los Angeles from 1985-86, and developed the USC/LASFA CFA Program review course, which remains a popular exam prep course for all candidate levels. Hardaway was the first Western Regional Director of the Financial Analysts Federation (FAF) and Chair of the Regional Directors, and was key in the establishment of the Society Leadership Conference. The FAF formed the Institute of Chartered Financial Analysts (ICFA) and eventually merged to form what is now known as CFA Institute. Hardaway helped bridge the gap between the disparate cultures of the FAF and the ICFA, and paved the way for the organization that exists today. Shortly after the merger, Hardaway began grading CFA exams and has continued to do so for nearly 30 years as a way of giving back to the profession.

 

Hareb Masood Al-Darmaki has dedicated himself to protecting and growing the wealth of Abu Dhabi and the United Arab Emirates, and to developing the financial sector both locally and in the wider Gulf region over his more than 40-year career. He joined the Abu Dhabi Investment Authority (ADIA) as one of its founding employees in 1976. Since then, he has held numerous senior executive positions, served on the fund’s Investment Committee, and has overseen ADIA’s entry into new asset classes and subcategories. In addition, Al-Darmaki has served as chairman of both the National Bank of Abu Dhabi and the Abu Dhabi Securities Market, and as a board member of the UAE Central Bank. As one of the UAE’s most experienced and respected financial markets experts, he continues to hold a number of current seats in government and private sector entities across the UAE.

 

Dwight D. Churchill, CFA, has a long history of service with CFA Institute. He led the organization as interim president and CEO from June 2014-January 2015, served on the Board of Governors for a total of eight years and as chair from 2002-2003, and chaired the Candidate Curriculum Committee from 1994-1997. In 2006, Churchill received the Leadership in Professional Ethics and Standards of Investment Award, in honor of Daniel J. Forrestall III. Most recently, he held senior positions with Fidelity Investments as head of the Fixed Income Division and Equity Portfolio Management, and president of Investment Services. He was previously president and CEO of CSI Asset Management, Inc., a subsidiary of Prudential Financial, Inc., and held senior roles at Loomis, Sayles & Company, and The Public Employees Retirement System of Ohio. He serves on the board of directors of Affiliated Managers Group, Currier Museum of Art, and State Street Global Advisors SPDR ETF Mutual Funds, and is a consultant for the Public Employees Retirement System of Idaho.

 

Lynn Stout was an internationally recognized expert, author, and speaker on corporate governance, securities regulation, financial derivatives, law and economics, and moral behavior. Her most recent book “The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and the Public,” was named 2012 Governance Book of the Year and became a popular reference on how to better run corporations. Stout served on the CFA Institute Board of Governors, the Financial Research Advisory Committee to the U.S. Treasury, as a member of the Board of Advisors for the Aspen Institute’s Business & Society Program, as executive advisor to the Brookings Institution Project on Corporate Purpose, and as a research fellow for the Gruter Institute for Law and Behavioral Research. Beyond being known internationally as a corporate law scholar, Stout was also a beloved teacher and mentor. Stout receives her award posthumously after her death in April following a long battle with cancer.

 

Jacques Lussier, Ph.D., CFA, is responsible for IPSOL Capital’s investment strategies across asset classes and research agenda. Previously, he was chief investment strategist at Desjardins Global Asset Management for 18 years and started his career as an academic at HEC Montreal business school. He was president of CFA Society Montreal from 2013-2015, is a member of the CFA Institute Research Foundation Regional Research Council – Americas, and develops research and educational material for CFA Montreal and CFA Institute. Lussier is a board member of Retraite Québec, chair of its investment committee, and member of the audit committee. He is also a member of the advisory board of InvestorLit, author of “Successful Investing Is A Process,” and co-author of “Rational Investing – The Subtleties of Asset Management.”

 

CFA Institute recognizes its award recipients with a monetary contribution to the organization of their choosing. Beneficiaries must support the CFA Institute mission to promote the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.


CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 154,000 CFA charterholders worldwide in 165+ countries and regions. CFA Institute has eight offices worldwide and there are 151 local member societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.