Audit and Risk Committee
Audit and Risk Committee CharterView charter (PDF)
The purpose of the Audit and Risk 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 and risk management 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 and providing oversight of the monitoring of CFA Institute’s risks.
- 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, risk assessment and risk management. 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 Risk Committee
Managing Director and Global Head of Active Equity Product Strategy, BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
Member of CFA Society New York
Daniel Gamba, CFA, is a managing director, the Global Head of Active Equity Product Strategy and a member of the Global Operating Committee and Human Capital Committee at BlackRock. Gamba is responsible for platform strategy, product development, and business activities to drive growth across Active Equities in the Americas, EMEA and Asia Pacific. Prior to this role, Gamba was Head of iShares Americas Institutional Business where he led business strategy, client service and business development for iShares ETFs in the Americas. Gamba joined Barclays Global Investors (BGI) in 2000, before its merger with BlackRock in 2009. At BGI, he was the chief executive officer of the Latin America and Caribbean business. In this role, he grew business from Latin American clients from nil to over $40 billion and expanded BGI’s footprint into Mexico City; Sao Paulo; Santiago, Chile; and Bogota, Colombia, including local asset management operations. Gamba began his career with BGI as a director of global strategy. Previously, he was a senior consultant for financial institutions at A.T. Kearney. From 1990 to 1995, Gamba worked in marketing and product management in Latin America. Gamba is a member of the CFA Institute Board of Governors and currently sits as the Co-Chair of the Society Partnership Advisory Council. Previously he was a member of the Executive Advisory Board of the Education Advisory Committee and of the Claritas Advisory Committee. Gamba is also board member of the Council of Urban Professionals, supporting the career progression of professional people of color, and board member of Northwestern University’s Alumni Association. Gamba earned a BS degree in industrial engineering from Pontificia Universidad Católica del Perú in 1989 and an MBA in finance and economics from the Kellogg School of Management at Northwestern University in 1997.
Investment Professional & Board Member. Independent Director, Infosys, JSW Steel, Bharat Financial & Others. Managing Partner, Pacific Paradigm Advisors Boston/India.
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.
President of Wealth Management, Westwood Holdings Group, Inc
10000 Memorial Drive
Houston, TX 77024
Member of CFA Society Houston
Leah Bennett, CFA, brings 25 years of experience serving private wealth clients. She joined Westwood Holdings in Houston, Texas, in 2016 and now serves as President of Wealth Management. Previously, she served as Co-Chief Investment Officer at South Texas Money Management in San Antonio. In that role, she shared responsibility for the investment strategies of the firm. Prior to that, Bennett was a Managing Director and Chief Investment Officer at King Investment Advisors, Inc. and a research analyst for Capital Research & Management. She has served as the CFA Institute President’s Council Representative for the South Central United States and Latin America and as President and Director of CFA Society Houston. Bennett is a co-founder of the CFA Institute Women in Investment Management initiative and the CFA Institute Global Research Challenge of the Southwest. She is a board member of the Wright Fund Oversight Board at Rice University and serves on the Advisory Council of Executives (ACEs) at the Bill Greehey School of Business at St. Mary’s University. Bennett received her BS in economics from Texas A&M University.
Director, Fortress Capital Asset Management
Fortress Capital Asset Management (M) Sdn Bhd,
50450 WP Kuala Lumpur
Geoffrey Ng is a Director with Fortress Capital Asset Management, a pan-Asian fund management company. With over two decades of multi-asset class and strategic investments proficiency, Geoffrey was previously CEO/ED with Hong Leong Asset Management and Senior VP, Global Emerging Markets at Dubai Investment Group. He has also held the position of CIO at Pacific Mutual Fund.
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, CFP and has completed the MIT Fintech: Future Commerce program by the Massachusetts Institute of Technology.
Senior Adviser, Mubadala Development Company
Abu Dhabi, United Arab Emirates
+971 50 499 0250
Member of CFA Society Emirates
Zouheir Tamim El Jarkass, CFA, is a human capital leader and a senior adviser for learning and development at Mubadala, a business development and investment company in the United Arab Emirates. He is also the chairman of the advisory board of the LAB (Leadership Acceleration for Business), a learning and development partnership between Mubadala and General Electric. Prior to joining Mubadala, Tamim El Jarkass was on the faculty of the School of Business and Management at the American University of Sharjah, a CFA Program Partner. He is the past president of CFA Society Emirates and is its current education chair. Tamim El Jarkass served on the Annual Conference Committee of CFA Institute and is currently a member of the Middle East Investment Conference Committee. In addition to being on the global council at Queen’s School of Business in Canada, he is a member of the advisory board of the School of Business and Management at the American University of Sharjah. Tamim El Jarkass is a member of the board of trustees of the learning center of the Emirates Securities and Commodities Authority. He has worked over the past 28 years in different capacities in financial services, higher education, executive education, and learning and development in the United Arab Emirates, Canada, Germany, Lebanon, Egypt, and Nigeria. Tamim El Jarkass holds an MSc in research from Henley Business School in the United Kingdom and an MBA from the American University of Beirut.