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Investment Subcommittee

Reference Materials

Investment Subcommittee Charter

View charter (PDF)

The purpose of the Investment Subcommittee (the “Subcommittee”), is to carry out the responsibilities delegated by the Board of Governors (the “Board”) of CFA Institute regarding oversight of CFA Institute’s financial reserves (the “Reserves”), consistent with Board directives. 

Contact the Investment Subcommittee
Punita Kumar-Singa

Punita Kumar-Sinha PhD, CFA


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 governance roles during her 30-year career. 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 Founding Partner, Pacific Paradigm Advisors, an independent investment advisory firm focused on Asia, and a Senior Advisor to companies in India and North America. She serves as an Independent Director and Chairs Audit, Stakeholders Relationship, and Risk Committees for many boards. Prior to this, Ms. Kumar-Sinha was a Senior Managing Director of Blackstone and the Head & Chief Investment Officer of Blackstone Asia Advisors. 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. Ms. Kumar-Sinha has a PhD and a Master of 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, has been a member of the CFA Society Boston and India, 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. She has also been awarded the “Best Woman Director” in 2016 by Asian Center for Corporate Governance and Sustainability.

Karina Litvack

Karina Litvack


Non-Executive Director, Eni S.p.A.; Co-Founder and Chairman, Climate Governance Initiative

Karina Litvack serves on the boards of Italian Oil & Gas major Eni S.p.A., where she chairs the Sustainability & Scenarios Committee and serves on the Remuneration Committee; and CFA Institute, home of the professional qualification for investment management professionals, where she chairs the ESG Working Group of the Investment Subcommittee and serves on the Governance Committee.

Since the passage of the Paris Agreement at CoP21 in 2015, Karina has also been working to build a global network for fellow board directors to share experiences, engage with technical experts and stakeholders, access specialized training, and help to drive more effective climate transition strategies in the boardroom. Under the auspices of the World Economic Forum, she cofounded the Climate Governance Initiative (CGI), home of the WEF Principles for Effective Climate Governance for Non-Executive Directors, where she chairs the Governing Board. The CGI operates through a network of 17 national and regional Chapters in APAC, EMEA, and the Americas, often in collaboration with local institutes of directors.

Previously, Karina had a 25-year career in finance, latterly running the governance and sustainable investment activities of UK asset manager F&C Investments, which his now BMO Global Asset Management, a unit of the Bank of Montreal.

Leilani S. Hall CFA, CIPM, CAIA

CFA Institute Staff Appointment

Senior Head, Codes and Standards, Global Industry Standards, CFA Institute

Member of CFA Society Washington, DC

Pieter van Putten

Pieter van Putten CFA

PCR Appointment

Managing Director, CFO/COO, Pelargos Capital

Ming Shu

Ming Shu CFA

PCR Appointment

Partner, Lingfeng Capital Management

Kim Maynard

Kim Maynard CTP


Treasurer, CFA Institute