Future of Finance Advisory Council

The advisory council is composed of a diverse group of experts from finance, education, and the media. It provides oversight for the Future of Finance project and offers independent and strategic advice to CFA Institute staff on the project’s areas of focus.


Roger Urwin, FSIP

Roger Urwin, FSIPChair

Roger Urwin is global head of investment content at Willis Towers Watson and the cofounder of the Thinking Ahead Group. Previously, he served as global head of investment at Towers Watson. Mr. Urwin also headed the investment practice at Mercer and led the business development and quantitative investment functions at Gartmore Investment Management. His investment innovations include the origination of target date defined contribution funds, the risk budget framework, and the governance budget framework for assessing asset owner organizational effectiveness. Mr. Urwin is also the author of a number of papers on asset allocation policy, manager selection, and governance and sustainability. He is an advisory director to MSCI and served on the CFA Institute Board of Governors. Mr. Urwin is a Fellow of the Institute of Actuaries and holds a bachelor’s degree in mathematics and a master’s degree in applied statistics from Oxford University.
Keith Ambachtsheer

Keith Ambachtsheer

Keith Ambachtsheer is director emeritus of the International Centre for Pension Management at the Rotman School of Management at the University of Toronto, founding editor of the Rotman International Journal of Pension Management, and founding academic director of the Rotman-ICPM Board Effectiveness Program for Pension and Other Long-Horizon Investment Institutions. He founded and continues to serve as president of KPA Advisory Services Ltd, which provides strategic advice on governance, finance, and investment matters to governments, industry associations, pension plan sponsors, foundations, and other institutional investors around the world. Mr. Ambachtsheer also co-founded CEM Benchmarking Inc., which monitors the organizational performance of pension plans around the world. He has authored four books on pension management, has received pension industry awards for his work in Europe, the United States, Canada, and the Pacific Rim, and has been named one of the 10 Most Influential Academics in Institutional Investing by aiCIO. Mr. Ambachtsheer currently serves as a member of two corporate boards and four advisory councils.
Paul Chow

Paul Chow

Paul Chow Man-yiu is a retired finance industry executive. In 2013, he retired as chairman of Plan International Hong Kong and from the position of member and treasurer of the Council and Court of the University of Hong Kong. He has served as chief executive and executive director at the Hong Kong Exchanges and Clearing Limited (HKEx). Prior to his work with HKEx he served as chief executive for the Asia-Pacific region of HSBC Asset Management (Hong Kong). Mr. Chow also worked in executive roles with the Stock Exchange of Hong Kong and Hong Kong Securities Clearing Limited. He holds a BSc in mechanical engineering, a diploma in management studies, and an MBA from the University of Hong Kong. Mr. Chow also received a diploma in finance from the Chinese University of Hong Kong.
John Kay

John Kay

John Kay, FSIP, is a visiting professor of economics at the London School of Economics and a fellow of St. John’s College, Oxford. Previously, he was director of Saïd Business School, University of Oxford. Professor Kay is a fellow of the British Academy, the Royal Society of Edinburgh, and the CFA Society of the UK, and chaired the review of equity markets and long term decision making for the UK government. He is a director of several public companies, contributes a weekly column to the Financial Times, and is the author of several books, including The Long and the Short of It and Obliquity. His most recent book, Other People’s Money, was published in September 2015. Professor Kay holds an MA degree from the University of Edinburgh and studied at Nuffield College, Oxford.
Andrew Lo

Andrew Lo

Andrew W. Lo is Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management and the director of MIT’s Laboratory for Financial Engineering. He focuses his research on the fundamental aspects of investments and financial markets, including the measurement of illiquidity risk in hedge fund returns, the growth of systemic risk in the hedge fund industry, and most recently, evolutionary and neurobiological models of individual risk preferences and financial markets. Before joining MIT’s finance faculty, Mr. Lo taught at the University of Pennsylvania’s Wharton School. He has published numerous articles and books on finance and economics. Mr. Lo received his PhD in economics from Harvard University.
Barbara G. Novick

Barbara G. Novick

Barbara G. Novick is vice chairman at BlackRock and a member of the Global Executive and Global Operating Committees at BlackRock. She heads the firm’s efforts globally on government relations and public policy. Previously, Ms. Novick headed the Global Client Group and oversaw global business development and marketing and client services across equity, fixed-income, liquidity, alternative investment, and real estate products at BlackRock. She also served as vice president in the mortgage products group at the First Boston Corporation and has worked at Morgan Stanley. Ms. Novick is the author of numerous articles on asset management and public policy issues. She currently serves as a trustee of Cornell University, UJA-Federation of New York, and the HCM Foundation and as a member of the CFA Institute Future of Finance Advisory Council and the Reuters Editorial Advisory Board. Ms. Novick holds a BA degree in economics from Cornell University.
Saker Nusseibeh

Saker Nusseibeh

Saker Nusseibeh is CEO and head of investment at Hermes Fund Managers. Previously, he served as chief investment officer of global equities and global head of equities at Fortis Investments. Mr. Nusseibeh also served as chief investment officer of global equities and head of marketing at SGAM UK and as a managing director at SGAM. He started his career at Mercury Asset Management. Mr. Nusseibeh is chairman of the 300 Club, a group of leading investment professionals who aim to raise awareness about the potential impact of current market thinking and behavior. He is also a public member of Network Rail.
Robert C. Pozen

Robert C. Pozen

Robert C. Pozen is a senior lecturer at MIT’s Sloan School of Management and a former senior lecturer at Harvard Business School. Previously, he served as a president at Fidelity, chairman at MFS Investments, and a senior official at the U.S. SEC. Dr. Pozen has also served as secretary of economic affairs under Governor Mitt Romney. He serves as a director of Medtronic, Nielsen, and several nonprofit organizations. Dr. Pozen is the author of seven books, including his latest, Extreme Productivity. He graduated from Harvard College and holds a law degree and a doctorate from Yale University.
Mary Schapiro

Mary Schapiro

Mary Schapiro is former chairman of the U.S. Securities and Exchange Commission (SEC) and is vice chairman at Promontory. Prior to becoming SEC chairman, she served as the CEO of the Financial Industry Regulatory Authority (FINRA), the largest nongovernmental regulator for securities firms doing business with the U.S. public. For more than a decade, Ms. Schapiro worked at FINRA and one of its predecessors, the National Association of Securities Dealers (NASD), where she also served as chairman, vice chairman, CEO, and president of NASD Regulation. She also served as chairman of the Commodity Futures Trading Commission and as a commissioner of the SEC. Ms. Schapiro has been nominated to the board at General Electric and is a former director at Kraft Foods and Duke Energy. She holds a BA degree in anthropology from Franklin & Marshall College and a JD degree from George Washington University.
Andrew Sheng

Andrew Sheng

Andrew Sheng is a distinguished fellow at Fung Global Institute. Previously, he served as chairman of the Securities & Futures Commission of Hong Kong and as a central banker at the Hong Kong Monetary Authority and at Bank Negara Malaysia. Mr. Sheng has also worked at the World Bank and chaired the technical committee of the International Organization of Securities Commissions. He serves as chief adviser to the China Banking Regulatory Commission and as a board member of Khazanah Nasional Berhad, the national treasury of Malaysia. Mr. Sheng also serves as a member of the advisory councils of the China Investment Corporation, the China Development Bank, and Free University of Berlin. He is an adjunct professor at the University of Malaya and at the Tsinghua University School of Economics and Management. Mr. Sheng is the author of From Asian to Global Financial Crisis: An Asian Regulator’s View of Unfettered Finance in the 1990s and 2000s. He holds a BSc in economics and an honorary doctorate from the University of Bristol.
Ng Kok Song

Ng Kok Song

Ng Kok Song is Chairman and Founding Partner of Singapore-based Avanda Investment Management. He was Chief Investment Officer of GIC (Government of Singapore Investment Corporation) until 2013. For over 42 years, he was involved in the investment of Singapore’s foreign reserves. Before joining GIC in 1986, Mr. Ng was at the Ministry of Finance (1970-71) and the Monetary Authority of Singapore (1972-1986). The Singapore Government awarded him the Meritorious Service Medal in 2012. He was the founding chairman of the Singapore International Monetary Exchange (SIMEX), now incorporated into the Singapore Exchange. Mr. Ng is also the founding chairman of the Wealth Management Institute, a director of the Singapore Labour Foundation, and a member of the Strategic Committee at Agence France Trésor. Mr. Ng holds a degree in physics from the National University of Singapore and a degree in management from Stanford University..
Alison Tarditi

Alison Tarditi

Alison Tarditi is Chief Investment Officer of the A$39b Australian Commonwealth Government pension fund. Prior positions include Director of Equity Strategy, Citigroup Australia; Head of Quantitative Asset Allocation, BT Funds Management; and Head of Financial Conditions, Reserve Bank of Australia. Alison has been the Chairman of the long-term investing councils for the World Economic Forum (WEF) since 2014 and is currently Co-Chair of the WEF’s Long-term investing, infrastructure and development Council. In a pro bono capacity, Alison is a Director on the Board of Australian Corporate Engagement Firm, Regnan; the Chairman of the Investment Advisory Board and a Director on the Eastern Territorial Advisory Board of the Salvation Army in Australia; a Director on the Foundation Board and Finance committees of the Art Gallery of New South Wales; and a member of the CFA Advisory Committee on the Future of Finance. Alison has a first class Honours degree and University Medal from James Cook University and a Masters of Science from the London School of Economics, both earned under scholarships from the RBA.