International investment organisation the CFA Institute has announced that managing director Paul Smith will now take the reins as its new president and CEO.
The organisation, which sets educational, ethical and professional standards for the industry, has over 127,000 members spread across 147 countries.
Smith, who has over 30 years’ leadership and asset management experience, formerly held the joint role of managing director for APAC and global head of Institutional Partnerships at the CFA. Prior to this, he spent 18 years in Asia before joining the Bank of Bermuda in Hong Kong to head up its securities services and New York-based alternative funds administration.
He joined the CFA Institute in 2012, following a stint as chairman and CEO of Asia Alternative Asset Partners.
“It’s a critical moment for both investors and the professionals who serve them. In his time with CFA Institute, Paul has demonstrated the bold vision and strong leadership we need to advance the profession and shape a more trustworthy financial industry,” said Aaron Low, CFA, chair of the CFA Institute Board of Governors.
“Paul has made a significant contribution to the investment industry, and CFA Institute is well-positioned for continued growth and leadership under his direction.”
“Having served CFA Institute from within I am fully aware of its rich history and contribution to the global investment profession, and I look forward to leading the organization in pursuit of our end goal, to advance the investment profession for the ultimate benefit of society,” added Smith
A study of UK chief financial officers (CFOs) by recruitment consultant Robert Half finds that most nurture ambitions to take over the chief executive’s role.
Urjut Patel has been named as the new governor of the Reserve Bank of India (RBI) and will succeed Raghuram Rajan, whose term ends on September 4.
Frank Vang-Jensen, who was appointed in March 2015, apparently went against the Swedish bank’s decentralised model.
The second global Women in Financial Services report finds slow progress for women leaders in financial services.