The leadership team, composed of staff members who manage their respective divisions, works in conjunction with the Board of Governors.
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, Ms. Franklin 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, Ms. Franklin 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, she had direct oversight of all aspects of the private wealth business. Prior to joining Marret, Margaret was a partner with KJ Harrison & Partners.
Ms. Franklin 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. Ms. Franklin 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. Ms. Franklin 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.
Chief Operating Officer, CFA Institute
As chief operating officer, Mr. Ainsworth leads the global people and culture function, responsible for creating an engaging experience for our employees and stakeholders. This includes enabling the organization to attract, develop, and engage a talented, inclusive and high-performing workforce, nurturing our culture, and providing fair and consistent policies. Mr. Ainsworth’s function further supports organizational strategic objectives by providing essential business services and expertise, including enterprise project management, global real estate strategy, travel and events management, internal communications, and volunteer experience.
He is responsible for providing strategic leadership and counsel to the CFA Institute Leadership Team and Board of Governors. In his 20 years of success transforming and leading high-performing teams across complex organizations, Mr. Ainsworth aligns functions to support the organization’s vision to deliver results. His experience spans organizational effectiveness, large-scale change management, and talent-related strategy and leadership.
Most recently he was senior vice president and head of talent and organizational effectiveness at TD Bank. Prior to that he served as senior human resources partner with American Express, where he played significant role navigating the recent credit crisis. He has also held leadership roles at GMAC Insurance and State Farm Insurance.
Mr. Ainsworth holds an MBA from Wake Forest University and a Bachelor of Science in Accounting from the University of Louisiana at Monroe. He is an active volunteer in the communities in which he works, focusing on organizations that support the elderly, LGBTQ youth, and animals.
Managing Director, EMEA region, Advocacy and Research, CFA Institute
Gary Baker joined CFA Institute as managing director for Europe, Middle East, and Africa (EMEA) in September 2016. Based in London, he aims to strengthen the voice of CFA Institute to institutions, member societies, universities, regulators, and institutional partners in the region. Mr. Baker is responsible for supporting CFA Institute policy development in EMEA, advancing the impact of advocacy efforts, and supporting EMEA member societies in delivering value to members and candidates. He also has a key focus on increasing charterholder commitment to continuing education.
Mr. Baker is responsible for advocacy and research functions across CFA Institute, incorporating financial reporting and ethics education, including the Financial Analysts Journal, the Future of Finance initiative and the Research Foundation.
He has been engaged in financial market investment research for the past 30 years with a highly successful track record in a wide range of sell-side strategic, analytic, and management roles. Mr. Baker previously worked at Merrill Lynch for 20 years in a number of global roles, including as managing director, chief European equity strategist, and most recently was deputy head of research with Jefferies in London. During his career, he has been a leader in country, regional, and global roles across Europe, Asia, Australia, and the United States.
Mr. Baker holds a master's degree in geography from Cambridge University and earned his CFA charter in 1997.
Managing Director, Information Technology and Chief Information Officer, CFA Institute
As managing director and chief information officer, Marty Colburn leads the global IT team in agile implementation of integrated technology tools, enhancing the charterholder and society experience, as well as upgrading IT’s infrastructure, architecture, and service. His priorities include architecture, application development, technology systems, operational excellence, and risk management. Additionally, he oversees the organization’s data and product management functions—essential to delivering positive digital solutions to our global customers. Mr. Colburn is based in the Charlottesville, VA, office. Before joining CFA Institute, he successfully built, transformed, and led global IT organizations at Marriott Corporation, FINRA, and Fannie Mae. As a managing partner of Cloud Partners for the past six years, Mr. Colburn developed cloud computing, security, and big data strategies and solutions for large enterprises such as American Express, Raytheon, and Xerox. He simultaneously served as CTO/CIO at the National Democratic Institute, reshaping the organization’s information technology portfolio to align with their mission and goals across 60 countries.
Mr. Colburn holds an electrical engineering degree from Montgomery College, a B.A.Sc. in accounting and finance from the University of Maryland College Park, and an advanced business management certificate from Harvard Business School.
Managing Director and Chief Marketing Officer, CFA Institute
Michael Collins is accountable for leading global marketing and customer experience, including demand generation, media relations, and customer care functions. He collaborates across the CFA Institute community to drive growth through effective planning, execution, and measurement. Mr. Collins also oversees the CFA Institute office in New York City. Prior to joining CFA Institute, he worked for both public and private companies including J.P. Morgan, Rockefeller & Company, Iomega, SAGA Software, Mercator Software, Gevity HR, and Computer Sciences Corporation (now DXC Technology). Mr. Collins holds a BA degree in communications from Rowan University in New Jersey.
Managing Director and Chief Compliance, Risk and Ethics Officer, CFA Institute
Member of CFA Society Washington, DC
As chief compliance, risk and ethics officer, Leilani Hall leads global compliance, ethics, and risk management for CFA Institute, its member societies, and affiliations. She is responsible for all global compliance strategies and programs, risk management planning, emergency preparedness, and travel safety. Ms. Hall is also responsible for overseeing ethics-driven programs including the Professional Conduct and Global Industry Standards (GIS). GIS includes the Global Investment Performance Standards (GIPS), the Asset Manager Code and the Pension Trustee Code. Prior to joining CFA Institute, she served as director of strategic planning for the Financial Industry Regulatory Authority and as senior special adviser to the director of the Office of Compliance Inspections and Examinations at the US Securities and Exchange Commission. Ms. Hall also served as senior vice president for Asian business development for the Pioneer Group at Unicredito Italiano, as chief compliance officer at AARP Financial, as chief financial officer and chief operations officer of the Enterprise Group at Mutual of New York, as chief operations officer at Evaluations Associates, and as an auditor and consultant at Deloitte. She is a Chartered Financial Analyst (CFA), Investment Performance Analyst (CIPM), Chartered Alternative Investment Analyst (CAIA), and Certified Fraud Examiner (CFE). Ms. Hall has also received certifications as a Certified Public Accountant, Certified Compliance and Ethics Professional (CCEP), Chartered Life Underwriter, and Chartered Financial Consultant. She holds a degree in accounting from Georgia State University.
Chief Financial Officer, CFA Institute
Allison Holmes is chief financial officer of CFA Institute, responsible for leading the global finance organization and for ensuring a strong financial partnership with the organization’s leadership team and Board of Governors, as well as robust collaboration with member societies, in order to support operations, initiatives, strategic planning, and execution.
Her career has been both diverse and global: born and educated in the UK; located at various times in New York City and the UK (London and Glasgow); and leading various responsibilities and teams spanning the Americas, EMEA and Asia Pacific. Ms. Holmes has more than 20 years of leadership experience gained from senior positions, primarily at Morgan Stanley and also at Citigroup, Barclays, and J.P. Morgan Chase.
Her experience is focused on strategic financial planning, data analytics, multiple disciplines of financial control and reporting, operations, controls management, internal audit, and leading strategic change programs to reduce cost, solve problems, identify and leverage business opportunities, and meet global financial and regulatory goals. She also focuses on development of diverse talent and lifelong learning to drive innovation and positive change.
Ms. Holmes is a fellow of the Association of Chartered Certified Accountants and holds a Bachelor of Science (Honors) degree in mathematics and physics. She is based in New York City and lives in Connecticut with her husband and two sons.
Managing Director, Americas Region, CFA Institute
As managing director of the Americas region, Stephen M. Horan, PhD, CAIA, CFA, CIPM, leads a team focused on fulfilling the organization’s mission in the region with 92 societies and more than 90,000 members across the United States, Canada, Latin America, and the Atlantic Islands. Mr. Horan is responsible for strengthening relationships with CFA member societies, financial institutions, universities and regulators in the region. He is also responsible for delivering to members a world-class post-charter learning experience that allows CFA Institute members to be the best professionals they can be. He previously led the design, development, and delivery of CFA Institute designation and certificate programs, including the CFA Program and the CIPM Program as the managing director of Credentialing. He also serves as leadership sponsor for the organization’s internal diversity and inclusion council.
Mr. Horan brings a unique combination of buy-side and sell-side industry experience as well as academic experience to CFA Institute. He previously served as an expert witness in securities litigation, a forensic economist in private practice preparing economic impact studies, a principal of a financial advisory firm, a financial analyst, and as a buy-side account manager and sell-side stockbroker.
On the academic side, Mr. Horan served as a professor of finance and is a recognized researcher in wealth management, tax efficient investing, and derivatives. He has received numerous research grants and awards, including the 2012 Graham and Dodd Readers’ Choice Award, and his research has been profiled in leading publications. Mr. Horan has authored or co-authored several books, including the highly regarded book Strategic Value Investing (which has been on Warren Buffet’s Recommended Reading five consecutive years) and The New Wealth Management: A Financial Advisers Guide to Managing and Investing Client Assets. His work has been cited in the Wall Street Journal, New York Times, Financial Times, and the Financial Analysts Journal. He has been a frequent invited speaker at professional, academic, and CFA Institute events. Before joining CFA Institute, Mr. Horan was an active volunteer both locally and globally with CFA Institute.
Mr. Horan holds a PhD in finance at the State University of New York/Buffalo and a BBA degree in finance at St. Bonaventure University. He earned the CFA charter in 1993, the CIPM designation in 2011, and the CAIA designation in 2018.
Managing Director, Credentialing
Peg Jobst, managing director, credentialing, leads a dedicated and talented team to develop current and future investment management professionals by delivering a relevant, accessible, and standard-setting CFA Institute portfolio of programs, globally. For the last three years, she has served as head of exam administration and security, responsible for delivering a high quality testing experience for CFA and CIPM candidates through secure, equitable, and accurate administration and grading of the CFA Institute portfolio of exams. Ms. Jobst also serves as co-lead of the Future of Exam Delivery (FED) initiative, a multi-year, multi-stage transformation from paper-pencil exam administration to computer-based testing.
Prior to coming to CFA Institute, Ms. Jobst served as executive vice president, assessments products division, at the Graduate Management Admission Council (GMAC), where she managed all products and services, research and psychometrics, as well as establishing a product development function. At GMAC, she led the organization toward a strategy and operational plan for the GMAT program, providing GMAC with more control, flexibility, and more organizational competence around its primary asset and revenue generator, the GMAT. Prior to GMAC, Ms. Jobst led the group-study department within the continuing professional education division of the AICPA. A graduate of the University of Texas, she started her career in San Antonio as a CPA auditing professional with experience in both private and publicly held companies in a variety of industries.
Managing Director and Chief Legal Officer and General Counsel, Legal & Board Services, CFA Institute
Sheri Littlefield oversees the organization's global legal services and board and corporate services function. As chief legal officer, she oversees all legal matters on a global basis and serves as advisor to CFA Institute leadership and Board of Governors. She directs and advises on global litigation, intellectual property protection strategies, transactional matters, employment issues, governance, and other in-house legal services. Ms. Littlefield has practiced law in a variety of disciplines and matters encompassing complex transactions, international litigation, environmental law, international trade controls, antitrust, and employment law, among others. Most recently, she served as general counsel at GE Industrial Solutions in Charlottesville, Virginia, where she oversaw all legal and compliance issues for the business around the world. She has served as general counsel to GE Intelligent Platforms and as counsel to the Hudson River Program for the General Electric Company, which included the implementation of one of the largest and most logistically complex environmental dredging cleanups in U.S. history. Prior to joining GE, Ms. Littlefield was counsel in the Albany office of Nixon Peabody. She is the immediate past chair of the Corporate Counsel Committee of the American Bar Association TIPS Section and vice chair of the Section's Leadership Academy. She graduated from George Washington University with a Bachelor of Arts degree in political science and a minor in Japanese. Ms. Littlefield also earned a Juris Doctor degree from Boston University School of Law.
Managing Director, Asia Pacific, CFA Institute
As managing director of Asia Pacific, Nick Pollard oversees operations of the region, including the organization’s two fastest growing markets – China and India. He is responsible for working with all CFA Institute stakeholders, increasing the number of candidates entering and moving through the organization’s credentialing programs, and promoting the ethics, advocacy, and professional development agendas of CFA Institute in the region. Mr. Pollard also leads our global Institutional Relations group, working with employers, universities, regulators, and other institutions to promote CFA Institute programs and professionalism within the industry. He is based in Hong Kong. Mr. Pollard is a seasoned wealth management and banking executive and skilled at growing businesses in Europe and Asia. He brings a unique combination of strategic leadership skills, as well as learning and professional development expertise. Prior to joining CFA Institute, Mr. Pollard was CEO of The Royal Bank of Scotland’s Coutts Asia division and, most recently, he was head of international learning and professional development for Coutts International. Mr. Pollard began his career with NatWest Group, subsequently part of the RBS Group, where he gained experience in marketing and talent development. He has lived and worked in the APAC region since 2009. Mr. Pollard holds a BA from University College London, and is a Member of the Private Wealth Management Association.