The CFA Society of the UK has announced four new fellows in recognition of their service to both the professional body and the wider investment profession.
CFA UK said the four new fellows are: Railways Pension Trustee Company chief executive Chris Hitchen, Towers Watson global head of investment content Roger Urwin, London Business School emeritus professor of finance Paul Marsh and Allianz Global Investors chief executive Elizabeth Corley.
The total number of CFA UK fellows now stands at 82.
CFA UK chairman Natalie WinterFrost said: "The society's fellows have tremendous knowledge and insight and provide an invaluable sounding board. Roger, Elizabeth, Chris and Paul lend particular expertise in the fields of culture, professionalism, market discipline and our understanding of investment returns. They are, and have been, at the forefront of the investment profession, leading firms and contributing to the development of investment theory and practice.
"We look forward to working alongside our new Fellows in our mission to build a better investment profession through education and the promotion of professional and ethical standards."
About the new fellows:
Elizabeth Corley CBE is chief executive officer of Allianz Global Investors and in June 2014, was asked to chair a panel of market practitioners to contribute to the Fair and Effective Markets Review in the UK.
She is now the interim chair of the FICC Markets Standards Board.
Having served for two terms as chairwoman of the Forum for European Asset Managers, an industry grouping of CEOs, she now is a member of its management committee. In 2014, she was appointed to the European Securities and Markets Authority's stakeholder group.
Corley is also an Advisory Council member of TheCityUK and a member of TheCityUK International Regulatory Strategy Group. Since April 2011 she has served as non-executive director on the Financial Reporting Council, the UK's independent regulator responsible for promoting corporate governance and reporting to foster investment.
Since 2012 she also has served on the British Museum Investment Committee and is a member of the CFA Future of Finance Council. She is a member of the Committee of 200, a membership organization of the world's most successful women business leaders. In addition, Elizabeth is a member of the Microloan Foundation Women's Development Group.
Corley is also a fellow of the Royal Society of Arts and a writer with five published thriller novels.
Chris Hitchen is the chief executive of the Railways Pension Trustee Company and its operating subsidiaries, RPMI and Railpen Investments, providing pensions for a third of a million railway workers and their dependants.
He is a former chairman of the National Association of Pension Funds and of its investment council.
From 2010 to 2015, Hitchen served as a Trustee member of NEST, the UK-wide DC scheme, and was the first chair of its investment committee. He was also the first Chair of the Pensions Quality Mark, pioneering higher standards in DC pension provision, where he remains a director.
In 2012, Hitchen was an Advisory Board member for Professor John Kay's review of short-termism in the UK stock market. He now sits on the board of the Investor Forum, which came about as a result of that review. Hitchen is also a governor of the Pensions Policy Institute and a fellow of the Institute and Faculty of Actuaries.
Paul Marsh is emeritus professor of finance at the London Business School and has been chairman of the finance subject area, deputy principal, faculty dean, and an elected governor.
Marsh's main areas of expertise are long-run investment returns, global equity markets, smaller companies' investment, asset management and corporate finance.
Until recently, Marsh was chairman of Aberforth Smaller Companies Trust and he was previously a non-executive director of M&G Group and Majedie Investments.
He has acted as a consultant to a wide range of financial institutions and companies - and was part of the team that designed the FTSE 100 Share Index, and, together with Elroy Dimson, designed the Numis Smaller Companies Index and London Business School's Risk Measurement Service.
He is co-author of the book Triumph of the Optimists on long run investment returns, and of the annual Credit Suisse Global Investment Returns Yearbook.
He has also published articles in numerous journals, including the Journal of Business, Journal of Finance, Journal of Financial Economics, Journal of Portfolio Management, Harvard Business Review and CFA Institute's Financial Analysts Journal.
Roger Urwin is global head of investment content at Tower Watson, a role he has held since July 2008 having acted as the global head of the investment practice from 1995 to 2008.
Urwin joined Watson Wyatt in 1989 to start the firm's investment consulting practice and under his leadership the practice grew to a global team of over 500. His prior career involved heading Mercer's investment practice and leading the business development and quantitative investment functions at Gartmore Investment Management.
Urwin has been at the forefront of investment innovation including three global firsts: the origination of the first target date DC funds in 1988, the risk budget framework in 1999, and the governance budget framework for assessing asset owner organisational effectiveness in 2007.
He is also the author of a number of papers on asset allocation policy, manager selection and governance and sustainability. He is a past member of CFA Institute's board of governors and an advisory director to MSCI.
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