The Investment Adviser Association announced Wednesday that Karen Barr, its longtime general counsel, will become the association’s new president and CEO, replacing David Tittsworth, who has led the association since 1996.
“It has been a great professional privilege and personal pleasure to work with Karen for many years,” Tittsworth said in a statement. “She has been a leader in all decisions and activities of the association for nearly two decades. She is uniquely qualified to lead the IAA going forward.”
Barr, who has served as IAA’s general counsel since March 1997, will assume her new role on Nov. 3.
Tittsworth announced in February that he planned to retire from his post in order to explore personal goals and interests.
“I am truly honored to have the opportunity to serve the IAA as president and CEO,” Barr said in the statement. “I am excited to work with our Board, our staff and all of our member firms to advance the interests of the investment advisor industry.”
Barr added that IAA has “many important initiatives” to address in the months and years ahead, “from continuing to ensure that advisors’ voices are heard in critical legislative, regulatory and policy debates, to promoting high standards for the benefit of all investors, to providing additional opportunities for members to share best business practices and developments.”