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CFA Institute Announces New Appointments to GIPS Executive Committee

 

CFA Institute has announced the appointment of three new members to the GIPS Executive Committee (EC), the decision-making body for the Global Investment Performance Standards (GIPS).

 

The nine-member GIPS Executive Committee is composed of a diverse group of investment professionals who develop and promote the adoption and implementation of the GIPS standards as the single, global standard for calculating and presenting investment performance. The new members will begin their terms in September, replacing outgoing members Stefan Illmer, Sunette Mulder, and Neil Riddles, CFA, CIPM.

 

“I am pleased to announce the new members of the GIPS Executive Committee, who bring a tremendous amount of knowledge and experience and are very well suited to carry on the important work of the Executive Committee,” states Jonathan Boersma, CFA, executive director of the GIPS standards at CFA Institute.

 

New Members of the GIPS Executive Committee:

 

Louis Boulanger
Louis Boulanger, CFA, an actuary and director of LB Now in New Zealand with more than 30 years of experience in the investment performance field, was elected chair of the GIPS Council and will serve on the GIPS Executive Committee. He has served as past chair of the Asia Pacific Regional Investment Performance Subcommittee.

 

“As an investment consultant, I have experienced the frustrations of not always being able to easily or meaningfully compare performance between managers,” states Boulanger, who participated in the first meeting to discuss the development of a global standard for investment performance in London in 1995.

 

“At the end of the day, investment management is a complex business and reporting performance can be done in so many ways that a global standard is clearly in the best interests of both the industry and the investing public.”

 

Iain McAra
Iain McAra, a vice president of performance analysis at JPMorgan Asset Management with 20 years of investment performance experience, will chair the GIPS Investment Manager Subcommittee and serve on the GIPS EC. He has represented the United States on the GIPS Council.

 

“I support the GIPS standards because they propose a realistic, reasonable, and attainable format through which performance is generated and presented while accommodating the nuances and development of our industry,” said McAra, who has been involved with the GIPS standards and its predecessors since 1992.

 

Dimitri Senik
Dimitri Senik, CFA, director and head of investment performance services at PricewaterhouseCoopers in Switzerland, will chair the Europe, Middle East, and Africa Regional Investment Performance Subcommittee (EMEA RIPS) and serve on the GIPS EC. He has represented Switzerland on the GIPS Council.

 

“I understand the practical problems firms face when applying the GIPS standards and, as a practitioner, I’m always keen to ensure that everything we develop hits the mark in relation to the purpose for which it is designed,” stresses Senik, who has more than 10 years of detailed, practical experience in the application of the GIPS standards around the globe.

 

GIPS Standards

The GIPS standards are a set of ethical principles that establish an industry-wide approach for how investment firms calculate and report their investment results to prospective clients. For more information on the GIPS standards, visit www.gipsstandards.org.