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Fidelity Investments' Churchill Elected Chair of AIMR Board of Governors



CHARLOTTESVILLE, VA, September 9, 2002 − Dwight D. Churchill, CFA, head of Fidelity Investments' Fixed-Income Division in Merrimack, N.H., has been elected chair of the Board of Governors of the 60,000-member worldwide Association for Investment Management and Research. Theodore R. Aronson, CFA, founder of Aronson + Partners in Philadelphia, Penn., has been elected vice chair. Both will serve one-year volunteer terms beginning Sept. 1, 2002 while maintaining their professional responsibilities.

AIMR is the global, non-profit organization best known for its prestigious Chartered Financial Analyst® (CFA®) designation, which many investment practitioners around the world consider to be the industry's pre-eminent credential. This year, more than 100,000 candidates from 150 countries were enrolled to take the rigorous CFA exams.

In addition to the new chair and vice chair, six AIMR members have been elected to the Board of Governors, to serve three-year terms:

  • Robert Angelica, CFA (re-elected), chairman and CEO of AT&T Investment Management Corporation in Basking Ridge, N.J.;
  • Jeffrey J. Diermeier, CFA, global chief investment officer of UBS Global Asset Management in Chicago;
  • Denise Farkas, CFA (re-elected), principal and senior vice president at Spero-Smith Investment Advisors, Beachwood, Ohio;
  • Emilio Gonzalez, CFA, chief investment officer of Perpetual Investments in Sydney, Australia;
  • George W. Noyes, CFA, vice president of Standish Mellon Asset Management in Boston; and
  • John C. Stannard, CFA, chief operating officer of the Frank Russell Company in London.


Twelve other governors continue to serve out their three-year terms, including AIMR's 2001-2002 chair, Philippe A. Sarasin, CFA, who becomes immediate past chair and continues to serve on the board's executive committee. Thomas A. Bowman, CFA, continues to serve on the board in his full-time responsibility as AIMR president and CEO. The other remaining governors are Vincent Duhamel, CFA; Monique E. M. Gravel, CFA; Frank C. Dohn, CFA; Khalid Ghayur, CFA; Amaury Jordan, CFA; Cheryl-Ann E. Lister, CFA; Janet T. Miller, CFA; Yoshiharu Okazaki, CFA; Malcolm M. Trevillian, CFA; and Donald W. Trotter, CFA.

Churchill has served on the Board of Governors in a number of capacities for six years, most recently as vice chair and previously as chair of the board's planning committee. In addition to his duties as AIMR chair, he will serve as a trustee of the Research Foundation of AIMR and as a member of all AIMR oversight committees. Churchill inherits the leadership of an organization dedicated to investment skills, knowledge, and ethics for more than 40 years.

"For years, the Board of Governors has looked forward to the opportunities and challenges of dealing with the rapid growth and increasing global diversity in both our membership and in the candidates for the CFA program," Churchill noted. "While continuing to focus on these opportunities and challenges, we cannot lose sight of our mission of representing our membership in working to establish and maintain the highest standards of professional excellence and integrity within the global investment community."

Aronson, elected to vice chair of the AIMR Board of Governors, previously served as chair of the board's planning committee, as well as chair of the AIMR annual conference and co-chair of the Financial Analysts Seminar. He frequently speaks on investing and was a lecturer at the University of Pennsylvania's Wharton School.

AIMR has offices in Charlottesville, Va., Hong Kong and London. AIMR's members are financial analysts, portfolio managers, and other investment professionals in 112 countries. Its membership also includes 117 local professional societies in 39 countries. AIMR was formed in 1990 from the combination of the Financial Analysts Federation (established in 1947) and the Institute of Chartered Financial Analysts (incorporated in 1962). More information is available on the Web at www.cfainstitute.org.