The CFA Institute, the global association of investment management professionals, has for the first time appointed women to fill the top two positions on its governance board.
In what the institute is calling “a significant milestone in the organisation’s history” Heather Brilliant (pictured), currently vice-chair of the board, will become chair in September while Diane Nordin will replace Brilliant as vice-chair.
In total, five of the 15 board positions (30%) for the fiscal year 2019 will be filled by women – a target that the institute set in 2016 and achieved ahead of schedule last year.
Brilliant will succeed Robert Jenkins who will continue on the board, which is staffed by volunteers.
Currently managing director for the Americas of First State Investments, Brilliant was previously chief executive of Morningstar Australasia.
“Heather’s depth of experience in the investment management industry and her passion for the mission of CFA Institute are a powerful combination,” said Paul Smith, the institute’s president and chief.
“Building a better world for investors involves challenging industry norms and closing the gender gap, as well as raising standards in our profession.”
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