Audit and Finance Committee
Audit and Finance Committee CharterView charter (PDF)
The purpose of the Audit and Finance Committee (the “Committee”) is to assist the Board of Governors (the “Board”) in the fulfillment of its functions with respect to CFA Institute’s financial statements, financial condition by:
- Overseeing CFA Institute’s financial and audit systems for financial integrity.
- Overseeing CFA Institute’s process for monitoring compliance as it relates to financial integrity.
- Evaluating the independence and qualifications of the independent auditor.
Governance standards are ultimately determined by US Virginia State law and corporate codes, but recognizing the prominence of the organization as a professional body, and the expectations of members and other stakeholders, other best practice enhancements to governance and disclosure are followed where practicable.
The Committee’s role is one of oversight. Management is responsible for preparing the financial statements. The independent auditor is responsible for auditing the annual financial statements. The Board and Committee recognize that management, including the independent auditor, have more time, knowledge and detailed information about the organization than do Committee members. The Committee therefore relies on the reviews and reports provided by management, and does not provide any expert assurance as to the financial statements or any certification as to the work of any auditor. As appropriate, the Committee may challenge the reviews and reports to enhance the organization’s overall risk management.Contact the Audit and Finance Committee
Managing Partner, EMEIA Financial Services Consulting Leader, Ernst & Young LLP
Member of CFA Society United Kingdom
Alex Birkin is currently the Managing Partner and Leader of the EY EMEIA Financial Services Consulting business. He leads the practice that delivers business, technology, and people consulting services to banks, insurance companies, and wealth and asset managers.
Alex was formerly the EY Global Wealth and Asset Management Consulting Leader and EMEIA Wealth and Asset Management Industry Leader. He was responsible for 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 became a partner after eight years 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 the 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.
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 240 billion AUM and 200 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.
Managing Director, Chief Operating Officer, The Bulfinch Companies, Inc.
Member of CFA Society Boston
Pamela is Chief Operating Officer of The Bulfinch Companies, Inc., a commercial real estate company with a history of nearly nine decades in Boston, Massachusetts. In her role, Pamela oversees daily operations, including guiding strategic planning, providing oversight and working closely with various teams and Bulfinch ownership. In addition, Pamela plays a key role in leading the development and implementation of the firm’s culture, sustainability objectives and diversity, equity and inclusion initiatives. Pamela is a member of several Internal committees that collaborate across departments to advance the firm’s mission including the Investment, Asset Management, Valuation, Technology and DEI Committees. Recognized as a key leader, mentor, and role model, in 2022, Pamela was the recipient of the Globe Street’s Women of Influence Award in the Corporate Executive category.
Prior to joining Bulfinch, Pamela was Managing Director, Head of Charitable Asset Management at State Street Global Advisors, where she leads a team that oversees investment and administration for over $3B in endowment and charitable assets. Pamela also spent 18 years as SVP, Head of Trust Investments and Operations at Harvard Management Company, where she oversees the Trusts and Gifts group in fulfilling the fiduciary responsibilities for Harvard University’s investment assets and trusts.
In addition to the CFA Charter, Pamela holds a Chartered Global Management Accountant designation and is a Certified Public Accountant since 1998.
Senior Director, Africa Finance Corporation
Member of CFA Society Nigeria
Banji is a Senior Director and Head of Treasury & Financial Institutions at Africa Finance Corporation (AFC), a pan-African multilateral development finance institution created by sovereign African states to provide solutions to Africa’s infrastructure deficit. In his role, he oversees the management of AFC’s balance sheet with total assets of about US$8.5 billion as at end of 2021. He leads the implementation of AFC’s annual funding program in the international capital markets. He is also responsible for AFC’s financial institutions and trade business as well as the investor relations function. Banji joined AFC in January 2008 as the pioneer Treasurer of the Corporation, and he was instrumental in setting up the corporation’s treasury function and leading AFC to become one of the leading African credits in the international loan and debt capital markets. Banji has over two decades of experience in banking, advisory, and capital markets.
Banji has led several landmark funding transactions for AFC, raising over US$10 billion in funding for the corporation since 2015. He manages AFC’s relationship with its rating agencies, global relationship banks, central banks, investors, and asset managers. Prior to joining AFC, Banji worked with the Fixed Income, Currencies, and Commodities team of Citibank Nigeria and the Tax and Business Advisory Division of former Arthur Andersen.
Banji is a past board member and president of CFA Society Nigeria. He is a frequent speaker at global conferences on capital markets, and he also spends a considerable amount of his time teaching finance-related courses and mentoring young investment professionals.
Banji has a Bachelor’s degree in Economics from the University of Ibadan, Nigeria, an MPhil degree in International Finance from the University of Glasgow, United Kingdom, and an MPhil degree in International Business from the International School of Management, Paris. In addition to being a CFA charterholder, Banji is also a Chartered Accountant.