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 OverviewRead the overview (PDF)
Self-Nominate or Recommend a Candidate
Our Nominating Committee is seeking candidates to serve on the CFA Institute Board of Governors.
Governors and other member-volunteers serve in a variety of roles critical to the governance of CFA Institute.
Board Policies and Documents
- Openness and Transparency Policy (PDF)
- Code of Conduct for CFA Institute Governors (PDF)
- Employee Code of Conduct (PDF)
- Conflicts of Interest Policy (PDF)
- Articles of Incorporation and Bylaws (PDF)
- Guiding Principles for Setting the CFA Examination Minimum Passing Score (PDF)
- Additional Educational Designations and Certification Guiding Principles (PDF)
Board Chair and Executive 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.
Board Vice Chair and Audit & Risk Committee Chair
Managing Director and Global Head of Active Equity Product Strategy, BlackRock, Inc.
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 a 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.
Board Past Chair and Nominating Committee Chair
President and CEO, Diamond Hill Capital Management, Inc.
Member of CFA Society New York
Heather Brilliant, CFA, is president and CEO of Diamond Hill Capital Management, a boutique listed investment manager based in Columbus, Ohio. Prior to this, she was chief executive officer, Americas, at First State Investments, a global investment management firm headquartered in Sydney, Australia. Prior to joining First State Investments in 2017, she spent 14 years at Morningstar, in roles including chief executive officer of Morningstar Australasia and global head of equity and corporate credit research. Previously, Heather spent several years as an equity research analyst for Coghill Capital Management and Driehaus Capital Management. She has covered a variety of sectors, including pharmaceuticals, biotechnology, business services, and retail. She started her finance career at Bank of America as a corporate finance analyst covering the auto industry. Heather holds a bachelor’s degree in economics from Northwestern University and a master’s degree in business administration from the University of Chicago Booth School of Business. She also holds the Chartered Financial Analyst® designation and is immediate past chair of the CFA Institute Board of Governors and past chair of the CFA Society of Chicago.
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, Margaret 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, Margaret 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, Margaret had direct oversight of all aspects of the private wealth business. Prior to joining Marret, Margaret was a partner with KJ Harrison & Partners.
Margaret 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. She 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. Margaret 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.
Society Partnership Advisory Council Co-Chair
President of Wealth Management, Westwood Holdings Group, Inc
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.
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.
Distinguished Professor of Business Administration and Dean Emeritus, UVA Darden School of Business
Robert Bruner is a university professor at the University of Virginia and Distinguished Professor of Business Administration and Dean Emeritus of the Darden School of Business. He has also held visiting appointments at Harvard University and Columbia University in the United States, INSEAD in France, and IESE in Spain. He is the author, co-author, or editor of more than 20 books on finance, management, and teaching. A faculty member since 1982 and winner of leading teaching awards at the University of Virginia and within the Commonwealth of Virginia, he teaches and conducts research in finance and management. As a financial economist, he is best known for his research on mergers and acquisitions, corporate finance, and financial panics. He is the author and co-author of over 300 teaching case studies and of Case Studies in Finance, now in its eighth edition. His book The Panic of 1907 (co-authored with Sean Carr) commenced his current area of research, the causes and consequences of financial crises. As dean of the Darden School from 2005 to 2015, he chartered or led a series of initiatives that revised Darden’s curriculum and program offerings, raised the profile of admitted students, hired a new generation of faculty and staff, improved the diversity of the Darden community, raised over $165 million in new funds, and saw Darden’s rankings rise to the Top 10 of U.S. schools. From 2007 to 2009, he served as a member of the board of directors of the Graduate Management Admission Council, which administers the GMAT entrance exam for business schools. And, from 2009 to 2011, he chaired the board of the Consortium for Graduate Study in Management, an alliance of leading American business schools and top corporations in the U.S. that aims to enhance diversity in business education and leadership. He has served on the boards of various nonprofit organizations, including the Darden School Foundation and two for-profit corporations. In 2012, Poets & Quants and CNNMoney/Fortune named him “Dean of the Year.”
Investment Committee Chair
Managing Director, BNY Melon
Member of CFA Society Boston
Daniel Fasciano, CFA, is managing director and family wealth investment advisor at BNY Mellon Wealth Management. He rejoined the firm in 2010 and is a member of the firm’s Investment Strategy Committee. Prior to his return, Mr. Fasciano served as the treasury director for the state of Florida, where he was responsible for all investment activities related to the state’s $16 billion portfolio. Before his work for the state of Florida, he was the head of the U.S. investment office for Aviva Investors, one of the UK’s largest insurance and investment firms. He began his career on the private wealth team at Mellon Financial in 1990. Mr. Fasciano is currently serving as chair of the CFA Institute Presidents Council, after three years of serving as Presidents Council representative, representing the eastern United States. He is a past board member and chair of CFA Society Boston. Mr. Fasciano received his BA from the University of New Hampshire and his MBA from Boston University. In addition to the CFA designation, he also holds the Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA) designations.
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.
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
Director, Fortress Capital Asset Management
Member of CFA Society Malaysia
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 charterholder, holds a CFP certification, and has completed the MIT Fintech: Future Commerce program by the Massachusetts Institute of Technology.
Chief Product Officer and Co-Head of Global Markets, Morningstar
Member of CFA Society Chicago
Tricia Rothschild, CFA, is chief product officer and co-head of global markets for Morningstar. She is responsible for product strategy, innovation, development, and business success of the firm’s global research, software, data, and index solutions for use by asset managers, advisors and wealth managers, and individual investors.
Rothschild previously served as head of global advisor solutions, where she set the strategic direction for the company’s offerings to wealth management and online brokerage clients.
In her 26 years at Morningstar, she has led aspects of the firm’s business, serving each of its three core audiences: individuals, advisors, and institutions. Rothschild began her career at Morningstar as a closed-end fund analyst and later became the international editor of Morningstar Mutual Funds. She served as the ecommerce manager of Morningstar.com and led the content management for that site for several years. Rothschild developed Morningstar’s retirement plan portfolio analytics and reporting services to help plan sponsors and consultants evaluate plan lineups. From 2003 through 2012, she led the development and growth of the firm’s institutional and retail equity research business.
Rothschild holds a bachelor’s degree from Northwestern University; a master’s degree in Russian and Central European economics from Indiana University; and the Chartered Financial Analyst® (CFA) designation. Currently, Rothschild serves on the board of directors of Y-Charts, a financial terminal provider based in Chicago, and is an incoming governor for the CFA Institute. She founded and leads a reverse-mentorship program at Morningstar, and is active in the local chapter of National Charity League, a mother-daughter philanthropy and leadership organization.
Senior Adviser, Mubadala Development Company
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.
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.
Society Partnership Advisory Council Co-Chair
Senior Advisor, Morgan Stanley Huaxin Fund Management Co., Ltd.
Member of CFA Society Beijing, CFA Society Shenzhen
Hua Yu, CFA, recently retired from his full-time position of chairman of the board and continuously remains as senior advisor at Morgan Stanley Huaxin Fund Management Co., a Morgan Stanley controlled joint venture asset manager in China. Before his transfer to the joint venture in 2008, Hua served as managing director and head of China business for the investment management division of Morgan Stanley Asia Co. Prior to 2008, He held different positions as board director and CEO of Dacheng Fund Management Company, chief representative of London Life Insurance Co. in China, vice president of financial service business at Power Corporation of Canada, and head of research at Shenzhen Stock Exchange. Hua received a BA in economics from Peking University, an MBA and a PhD in finance from Catholic University of Leuven, Belgium. After his graduation in Europe, he was faculty member of finance at several universities in the United Kingdom and Canada before commencing his career in business finance. Hua Yu served as board member (2013-2019) and deputy chairman (2012-2016) of the Asset Management Association of China. He was board member of International Investment Funds Association (IIFA) from 2008 to 2010.