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Global Investment Association AIMR Elects 2001 Board from Six Nations
Speece of Minnesota, U.S.A., Elected Chair; Sarasin of Geneva, Switzerland, Elected Vice Chair
CHARLOTTESVILLE, Virginia, U.S.A., Oct. 10, 2000 − Fred H. Speece, Jr., CFA, a founding partner of the investment management firm of Speece Thorson Capital Group in Minneapolis, Minn. (U.S.A.), has been elected chair of the Board of Governors of the Association for Investment Management and Research, while Philippe A. Sarasin, CFA, a partner at Lombard Odier & Cie in Geneva, Switzerland, has been elected vice chair.
Each will serve a one-year term, through the end of AIMR's 2001 fiscal year. With members in 95 countries, AIMR is a 43,000 member, global professional association dedicated to raising the professional, educational and ethical standards of securities analysts and other investment professionals worldwide. AIMR is perhaps best known for its prestigious Chartered Financial AnalystTM (CFA®) program, which currently has some 70,000 candidates enrolled in 130 countries, and for its Global Investment Performance Standards (GIPS) that are now being adopted worldwide as a consistent means of measuring and reporting investment returns.
Continuing AIMR's increasingly global focus, six new governors from four countries - Switzerland, Japan, Bermuda and the U.S. - have been newly elected to AIMR's 20-member board. Along with continuing board members from Canada, Singapore and the U.S. who are already serving three-year terms, the 2001 board is the most multi-national in AIMR's history.
The new AIMR governors elected to three-year terms beginning with AIMR's fiscal year 2001 are:
- Theodore R. Aronson, CFA, principal of Aronson and Partners in Philadelpia, Penn. (U.S.A.);
- Frank C. Dohn, CFA, Bankers Trust Company vice president and manager of its Los Angeles, Calif. (U.S.A.) private banking office;
- Amaury Jordan, CFA, a partner of Infidar Investment Advisory, a manager of private clients in Zurich, Switzerland;
- Cheryl-Ann E. Lister, CFA, chair of the Bermuda Monetary Authority in Hamilton, Bermuda;
- Yoshiharu Okazaki, CFA, president of Pictet Asset Management, Ltd., in Japan;
- Donald W. Trotter, CFA, senior vice president and portfolio strategist at Atlantic Asset Management, L.L.C. in Overland Park, Kansas (U.S.A.).
The new chair, Fred Speece, said, "AIMR's membership composition is becoming increasingly global, and AIMR must be a global organization and culture. This change is well on its way, but is not yet complete.
"Another challenge for AIMR," Speece said, "is to recognize and satisfy the various and changing needs of its almost 100 member societies and chapters around the world. Clearly, the number one objective is to maintain and enhance the global reputation of the Chartered Financial Analyst designation for the benefit of members and their clients worldwide."
Sarasin, the new vice chair, added, "My vision for AIMR is that of an organization that successfully adapts to its new status of recognized global leader by becoming truly global itself. My priority is to ensure that AIMR benefits from effective governance by listening to the membership's needs and leading the organization to constantly improve the quality and relevance of its services. The challenge is real when the membership grows as fast as it has, and members' needs become as diverse as they currently are."
With the new fiscal year, former AIMR chair R. Charles Tschampion, CFA, of General Motors Investment Management Corp. in New York, continues serving on the board as immediate past chair.
Also continuing on the board are: Dwight D. Churchill, CFA, Fidelity Management and Research Co., New Hampshire; Denise M. Farkas, CFA, Spero-Smith Investment Advisers, Ohio; Martin S. Fridson, CFA, Merrill Lynch & Co., New York; Khalid Ghayur, CFA, Morgan Stanley Capital International, New Jersey; Janet T. Miller, CFA, Rowland & Company, Georgia; Seow-Beng Ong, CFA, Government of Singapore Investment Corp., Singapore; Lee N. Price, CFA, of Dresdner RCM Global Investors, California; Patricia A. Small, University of California, California; David L.H. Yu, CFA, Perigree Investment Counsel, Ontario; and Arthur Zeikel, Merrill Lynch (retired), New Jersey. In addition, Thomas A. Bowman, CFA, president and CEO of AIMR, serves on the Board of Governors.
The Association for Investment Management and Research is a non-profit association of financial analysts, portfolio managers and other investment professionals that promotes high standards of professional practice and full and fair disclosure of financial information to investors and all those involved in investment decision-making. Headquartered in Charlottesville, Virginia, USA, AIMR has a staffed office in Hong Kong and is preparing to open an office in Europe. The association is best known for administering the Chartered Financial Analyst (CFA) program worldwide. More information on AIMR and its programs and services is available by calling 800-247-8132 or 804-951-5499 or visiting www.cfainstitute.org.