Board of Governors
Purpose
The Board of Governors is the most senior corporate body, with ultimate responsibility for the strategy and the management of the organization.
Board Committees
Board of Governors Meeting Summaries
Past Chairs of the Board of Governors
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Board of Governors nominations
The FY2025 application form is available as of 1 November 2024 and will remain open until 10 January 2025. Below are the qualifications and expected duties, along with the FY2025 search priorities for reference.
To access the application, please click here. Note that you will need to log in on the application page to view the form.
Qualifications and expected duties
Here is an overview of a governor’s role and responsibilities. In advance of the FY2025 governor recruitment cycle, the Board reviewed both the likely number of vacancies and skill sets that would be needed. Accordingly, the Board directed the Nominating Committee to give priority in its search process to the following:
- Board Leadership and Governance Experience
- Time Capacity and Commitment
- Audit and/or Risk Experience
Members
Board Chair
Non-executive Chairman, MUFG Securities EMEA plc, and Non-executive Chair, Financial Services Compensation Scheme (FSCS)
Marshall has substantial experience of leading complex international committees and boards. His background spans a range of sectors, including banking and capital markets, insurance, and regulation. His career spans over 30 years on three continents. In June 2018, he was made an Officer of the Most Excellent Order of the British Empire (OBE) for his contribution to financial services, and to charity. He cares passionately for financial literacy, market confidence, and good outcomes for investors. Marshall Bailey is Chairman of MUFG Securities EMEA and MUS(Asia) in Hong Kong, and also Chairs the Financial Services Compensation Scheme, as appointed by the FCA and Bank of England. In the past he has been Chairman of CIBC World Markets Plc in London, a Representative of the Saudi Arabian Public Investment Fund (PIF), on the board of the largest bank in the Kingdom, National Commercial Bank, Jeddah, where he was Chair of the Group Risk Committee, announcing a $15 billion merger with Samba Financial Group. Also, as Chairman, he completed a consolidation of LCH Group Holdings, the world’s largest derivatives central clearing house, while on the Board of its parent, the London Stock Exchange Group, during their $29 billion acquisition of Refinitiv. On these boards he has Chaired, or been a member of the Nominations, Risk and Remuneration Committee. Marshall holds a BA in Political Science from the University of Winnipeg, a Master of Arts in International Affairs and History from the Graduate Institute of International and Development Studies in Geneva, Switzerland, and is a Chartered Financial Analyst. He has also completed the FT Non-Executive Directors' Diploma, and is currently completing the Certificate in ESG Investing, offered by CFA Institute via the UK. In his spare time, Marshall is a sailor and is a qualified Ocean Yachtmaster with the Royal Yachting Association. He also buys himself a new putter each year in his seemingly futile pursuit of lower golf scores.
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.
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.
Before joining Apex, Ms. Rothschild was Chief Product Officer and Co-Head of Global Markets at Morningstar, where she led a multi-million-dollar global portfolio of businesses including software, data, research and index solutions that served asset managers, wealth managers, and individual investors. In her 26-year career at the firm, she developed a focused advisor and wealth management segment strategy, launched the firm’s equity research business, drove content strategy for the firm’s individual investor website, and served as a securities analyst and editor.
Ms. Rothschild graduated with a bachelor of science degree from Northwestern University and holds a master’s degree in Russian and East European economics from Indiana University. She also sits on a small portfolio of private-company boards in the fintech and wealth-tech space.
Pamela is Chief Operating Officer of The Bulfinch Companies, Inc., a commercial real estate company with a history of nearly nine decades, in Boston, Massachusetts. In her role, Pamela oversees daily operations, including guiding strategic planning, providing oversight, and working closely with various teams and Bulfinch ownership. In addition, Pamela plays a key role in leading the development and implementation of the firm’s culture, sustainability objectives, and diversity, equity, and inclusion initiatives. Pamela is a member of several Internal committees that collaborate across departments to advance the firm’s mission including the Investment, Asset Management, Valuation, Technology, and DEI Committees. Recognized as a key leader, mentor, and role model, in 2022, Pamela was the recipient of the Globe Street’s Women of Influence Award in the Corporate Executive category. Prior to joining Bulfinch, Pamela was Managing Director, Head of Charitable Asset Management at State Street Global Advisors, where she led a team that oversaw investment and administration for over $3B in endowment and charitable assets. Pamela also spent 18 years as SVP, Head of Trust Investments and Operations at Harvard Management Company, where she oversaw the Trusts and Gifts group in fulfilling the fiduciary responsibilities for Harvard University’s investment assets and trusts. In addition to the CFA Charter, Pamela holds a Chartered Global Management Accountant designation and is a Certified Public Accountant since 1998.
Senior Director, Africa Finance Corporation
Banji is a Senior Director and Head of Treasury & Financial Institutions at Africa Finance Corporation (AFC), a pan-African multilateral development finance institution created by sovereign African states to provide solutions to Africa’s infrastructure deficit. In his role, he oversees the management of AFC’s balance sheet with total assets of about US$10.5 billion as of the end of 2022. He leads the implementation of AFC’s annual funding program in the international capital markets. He is also responsible for AFC’s financial institutions and trade business as well as the investor relations function. Banji joined AFC in January 2008 as the pioneer Treasurer of the Corporation, and he was instrumental in setting up the corporation’s treasury function and leading AFC to become one of the leading African credits in the international loan and debt capital markets. Banji has over two decades of experience in banking, advisory, and capital markets.
Banji has led several landmark funding transactions for AFC, raising over US$10 billion in funding for the corporation since 2015. He manages AFC’s relationship with its rating agencies, global relationship banks, central banks, investors, and asset managers. Prior to joining AFC, Banji worked with the Fixed Income, Currencies, and Commodities team of Citibank Nigeria and the Tax and Business Advisory Division of former Arthur Andersen.
Banji is a past board member and president of CFA Society Nigeria. He is a frequent speaker at global conferences on capital markets, and he also spends a considerable amount of his time teaching finance-related courses and mentoring young investment professionals.
Banji has a Bachelor’s degree in Economics from the University of Ibadan, Nigeria, an MPhil degree in International Finance from the University of Glasgow, United Kingdom, and an MPhil degree in International Business from the International School of Management, Paris. In addition to being a CFA charterholder, Banji is also a Chartered Accountant.
Partner & Portfolio Manager at IDG Capital
Mei currently serves on the board and investment committee of Cavamont Investment Advisors. She is a director of Generation Asia Acquisition Limited. She was also a board member of TCFA (The Chinese Finance Association) from 2004-2006.
Mei is a graduate of Wilfrid Laurier University (MBA) and Shantou University (BA). She is also a CFA charterholder.
Board Vice Chair
Advisory Council Member, Lovell Minnick Partners
Dr. Heinz J. Hockmann is a member of the Advisory Council of Lovell Minnick Partners LLC, a private equity company and buyout manager focusing on financial services and business services.
Heinz was an executive officer at Commerzbank AG in Germany for nearly twenty years and was a Member of the Management Board of the Bank with responsibilities for asset management, private banking, and investment banking. Earlier in his career at Commerzbank, he formed its asset management business for international institutional clients and later built the bank’s global asset management platform. Afterwards, he ran the Management Board of Westfalenbank AG, a midsize bank for corporate and private clients, investment banking, and asset management. He then joined Fortis Investments and expanded its asset management business in Germany, Austria, and Eastern Europe.
In 2008, Heinz co-founded Silk Invest, an investment management company specialized in frontier markets and became its Non-Executive Chairman. Furthermore, he served on the boards of several German companies in the financial services sector including WWK, a major German insurance company, Ökoworld, a pioneer in the field of ecological and ethical investments. He is the Chairman of the Board of GET Capital, a quantitative asset management company with a focus on artificial intelligence.”
Heinz holds a master’s degree from Bochum University, where he also received his PhD in 1983. He became Professor for Banking and Finance at Justus-Liebig University in Giessen in 2017
CEO, China Asset Management Co. Ltd.
Yimei Li, CFA, is Chief Executive Officer at China Asset Management Co., Ltd. Ms. Li has been in that role since May 2018, serving one of the largest mutual fund companies in China with more than USD 240 billion AUM and 200 million investors. Before that, she was the CMO of ChinaAMC for 6 years, leading a team of more than 200 people. She started with international business, then worked in human resources, marketing, sales management, and the fintech business. She served as the founder of ChinaAMC Wealth Management Company. She is also now in charge of the operation and IT functions of ChinaAMC.
Ms. Li also serves as the Vice Chair of Asset Management Association of China (AMAC) and is a member of that organization’s pension investment committee. She is very committed to bridging ideas and practices between regulators and market participants. She is a regular conference speaker and has given lectures to high officials of NGOs and charity groups on fundraising and marketing techniques.
Ms. Li graduated from Harvard University with a Masters in Public Policy and from Renmin University of China with a Masters in Economics. She holds the Chartered Financial Analyst® charter and is a member of CFA Society Beijing.
Jennifer enjoyed a ten-year career in the healthcare industry, and has almost two decades of wealth management experience. She joined the Private Bank (formerly U.S. Trust) in 2019 from an independent trust and investment management firm, where she was a principal. In that role, she managed portfolios that included equities and fixed-income assets for high-net-worth individuals, trusts, and charitable organizations. She also served on the investment committee and was responsible for developing new client relationships.
Jennifer earned a B.A. degree in management at Eckerd College and an M.B.A. with a finance concentration at the University of Tampa. She is a graduate of the ABA National Trust School and completed a certificate program in leadership and strategic impact at the Tuck School of Business at Dartmouth College. In addition, Jennifer Garbowicz is a CFA® charterholder and is a member of the CFA Institute.
Passionate about her community, Jennifer has been involved with many non-profit organizations. She has served on the board of trustees of St. Anthony's Hospital Foundation and American Stage Theatre Company, and currently serves as a board member of the Florida Holocaust Museum and Homeless Empowerment Program. In addition, she serves as chair of the Board of Trustees for HCA Florida St. Petersburg Hospital, and is on the advisory board of both Webtalk, Inc. and Airyvl. Jennifer is a past president of the board of directors of CFA® Society Tampa Bay, and was elected by her peers through CFA® Institute as the chair of the Presidents Council after serving two consecutive terms as the Presidents Council Representative for the Southeastern U.S. Region.
Senior Vice President, Head of Northern Trust Asset Management, India
Ravi A. Gautham, CFA is a Senior Vice President and Head of Northern Trust Asset Management (NTAM) in India. In this capacity, he is responsible for playing multiple roles- the build out and expansion of several front and middle office functions that relate to the investment business of Northern Trust, as well as positioning the business appropriately in the market. He serves on the Executive Management Team and the Boards of Northern Trust’s two India subsidiaries, with a combined workforce of over 8000 employees.
Prior to his executive leadership role in India, Ravi spent 17 years at Northern Trust’s global headquarters in Chicago in a variety of leadership roles across several other Nothern Trust areas and businesses on the institutional side. Ravi began his career in 1994 as a investment performance analyst and subsequently became a founding member of the allied investment risk consulting team. That was followed by capital markets activity- securities lending and transition management. In 2003, Ravi moved to Northern Trust Asset Management as Senior Vice President and Director of Investment Risk Management, at Norther Trust Global Advisors Inc. In that capacity, Ravi was responsible for the management of investment risk and its integration into the portfolio management process, globally, across multiple assets classes. Additionally, as a senior member of the Global Investment Solutions team and investment policy committee, he was responsible for formulating and evaluating custom investment solutions and hedging strategies around the management of pension assets and liabilities for large pension plan sponsors across North America and EMEA. Ravi moved to Bangalore, India in 2010 to establish and grow the NTAM India team across most investment functions, further supporting global regions and legal entities. In addition he provides broad Executive leadership and Board level oversight of the India legal entity.
Ravi has written articles on, published papers, and spoken on investment risk and portfolio management issues at several investment conferences and panels worldwide.
Ravi holds an MSc. (Hons.) in Economics and Management Studies from the Birla Institute of Technology & Science and an MBA in Finance with a full Finance research scholarship from the University of Ohio, Toledo.
Ravi is a CFA charterholder and a member of CFA Society Chicago and CFA Society India. He is also a member of the Global Association of Risk Management Professionals.
Chief Risk Officer, USS Ltd.
Lindsey is Chief Risk Officer for Universities Superannuation Scheme (USS) and its dedicated investment management arm, USSIM. Prior to joining USS in 2020, he worked at UBS for 28 years in various roles across Asset Management, Wealth Management, Investment Banking and Risk Control, latterly as Global Head of Investment Risk and UK CRO.
Lindsey was a member of the board of CFA Society of the UK from 2017, and Chair of the board from 2021, until the end of his term in November 2023. He also chaired the CFA UK Exams and Education Committee overseeing the various certificates run by CFA UK.
He has an MA in Natural Sciences and Computer Science from the University of Cambridge, received his CFA Charter in 2001 and also holds the CIPM designation. He volunteers teaching Maths and Statistics to A level students in an inner London school and is a visiting fellow at the ICMA Centre, Henley Business School, University of Reading.
Vipin has been at Fidelity Investments for 18+ years, currently leading AI innovation for the company reporting to the Corporate CIO. As part of the CIO Council, Vipin helps oversee $6B in annual IT expenditure. With AI, he has established and led the Enterprise AI Center of Excellence which included building the practices, use cases, AI learning programs with Harvard and MIT, running a 5000+ AI club and developing an AI online academy.
Vipin’s AI team has worked closely with Portfolio Managers in Asset Management to provide AI based tools to augment the research process- solutions that provide the latest NLP based search, Generative AI capabilities and screening tools that use image recognition.
Throughout his career across Fidelity Investments, Bank of America, McCann WorldGroup Vipin has led large global Big Data, digital, analytics and AI teams of over a thousand associates. At Fidelity, his team in India for over ten years has included 200+ technologist/analysts in Bengaluru, Chennai and Gurgaon, He is a frequent visitor to India, presented at events and has actively engaged with AI companies in the market.
Vipin has been recognized over the years for his contributions - selected iMedia Top 25, an annual list of 25 thought leaders in the field of digital marketing, ‘Top 100 under 50’ diversity leaders by DiversityMBA Magazine, awarded the highest award at McCann for Extraordinary Excellence in analytics. Vipin has authored a book, published by Wiley & Co on driving measurable ROI and digital engagement through all major digital channels. Vipin has given guest lectures at MIT and Harvard Business School and is a frequent presenter to external boards and industry conferences.
Vipin’s experience on the consulting and agency side includes AARP, Department of Defense, US Army and several Fortune 500 Companies that include Dell, Microsoft, Intel, Verizon, Time Warner Cable, Coke, J&J, MasterCard, American Airlines, Nestle, General Mills, iShares, AT&T, Showtime, General Motors, Kohl’s, BMS, Whirlpool, PACCAR and Exxon Mobil. Vipin has been a keynote
Discover the committees and councils driving our mission
From steering key initiatives to shaping the profession’s future, our committees and councils play an essential role in our success. Explore the wide array of committees and discover how members collaborate with staff to drive meaningful change.