Three new members will join the GIPS Executive Committee in September, the CFA Institute announced Tuesday, July 13. The committee is the decision-making body for the Global Investment Performance Standards, and promotes their adoption and implementation as the common global method for calculating and presenting investment performance.
The new GIPS Executive Committee members are:
? Louis Boulanger, who has been elected chair of the GIPS Council.Boulanger is an actuary and director of LB Now in New Zealand. His involvement with the GIPS standards started at the first meeting in London in 1995 to begin development of a global standard for investment performance.
? Iain McAra, who will chair the GIPS Investment Manager Subcommittee. McAra is a vice president of performance analysis at JPMorgan Asset Management. He has been involved with the GIPS standards and its predecessors since 1992.
? Dimitri Senik, who has been elected chair of the Europe, Middle East, and Africa Regional Investment Performance Subcommittee.Senik, the director and head of investment performance services at PricewaterhouseCoopers in Switzerland, has more than a decade of detailed, practical experience in applying the GIPS standards around the globe, including representing Switzerland on the GIPS Council.
The new members will replace outgoing members Stefan Illmer, Sunette Mulder and Neil Riddles.
Michael S. Fischer (email@example.com) is a New York-based financial writer and editor and a frequent contributor to WealthManagerWeb.com.