Women rise to the top at CFA Institute


The global board of governors of the CFA Institute has appointed Heather Brilliant, the head of Colonial’s First State Investments for the Americas, as its chair and a new vice-chair, Diane Nordin, the first time two women have held those positions since the organisation’s formation in 1962.

Brilliant, an American, has strong connections in Australia and New Zealand. She headed up Morningstar in the two countries between 2014 and 2017, before she was recruited to head up the Colonial subsidiary back in New York.

Another Australian woman, Maria Wilton, a prominent member of the CFA Society, Sydney, has also been appointed to the global board for the next term, as reported last week. But Mark Lazberger, the chief executive of Colonial First State Global Asset Management, has stepped down from the global board. The new terms, for three years, commence on September 1.

Diane Nordin is a non-executive director of Fannie May, Principal Financial Group and Antares, which is a spin-out from GE Capital. “The election marks a significant milestone in the CFAs’ history with women elected to the top two leadership positions on the Board, the highest governing authority of CFA Institute. In total, five of the 15 Board positions (30 per cent) for fiscal year 2019 will be filled by women – a goal CFA Institute set in 2016 and realised ahead of schedule in 2017,” the organisation said in a statement last week.

– G.B.