CFA Institute launches Future of Finance project

By Staff | March 18, 2013 | Last updated on March 18, 2013
2 min read

Along with financial industry leaders, the CFA Institute has launched a new project called the Future of Finance.

It says it was created to help shape a forward-thinking industry that better serves investors.

Read: Clients come first: CFA Institute

Led by advisory council chair John Kay, the group is composed of experts from finance, education and media. Members include:

  • Keith Ambachtsheer, director of the Rotman International Centre for Pension Management, Rotman School of Management;
  • Paul Chow, former chief executive of Hong Kong Exchanges and Clearing Limited
  • Elizabeth Corley, CEO of Allianz Global Investors;
  • Tom Keene, Editor-at-Large of Bloomberg News
  • Ira M. Millstein, senior partner of Weil, Gotshal & Manges LLP
  • Saker Nusseibeh, CEO and head of ivestment at Hermes Fund Managers; and
  • Robert C. Pozen, senior lecturer of Harvard Business School.

“The global financial industry can be an extraordinary force for good, but there is much work to be done to shape the industry for future generations,” says Kay.

He adds, “This project [will bring together] professionals and investors [from] inside and outside finance to help solve problems with the global financial system.”

To start, the advisory board has unveiled the Statement of Investor Rights, which is a list of principles that will help investors choose responsible financial service providers. It outlines how conflicts of interest should be disclosed, as well as what constitutes reasonable fees, among other tips.

Read: CFA calls for harmonized reporting

From here on out, the project will focus on six primary goals. It aims to: safeguard the financial system; ensure retirement security; boost financial knowledge; heighten regulation and enforcement; and increase overall transparency.

The advisory council will issue a call to action on May 20, 2013 at the CFA Institute Annual Conference in Singapore. This will detail its specific objectives and future plans.


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The staff of have been covering news for financial advisors since 1998.