Bermudian Cheryl Ann Lister has been elected to serve on the Board of Governors of the Association for Investment Management and Research (AIMR) in the US.

Mrs. Lister a chartered financial accountant is head of the Bermuda Monetary Authority and has been appointed to serve a term of three years.

In filling the six governor positions AIMR in addition to opting for a Bermudian, chose professionals from the US, Japan and Switzerland.

An association of securities analysts and investment professionals, AIMR has 43,000 members in 95 countries. Its aim is to raise the professional, educational and ethical standards of its members.

AIMR runs a highly regarded Chartered Financial Analyst (TM) (CFA(R)) programme which currently has 70,000 candidates enrolled in 130 countries. The organisation is also responsible for Global Investment Performance Standards (GIPS), which are being adopted as the world standard in reporting investment returns.

Fred H. Speece, Jr., CFA, a founding partner of the investment management firm of Speece Thorson Capital Group in Minneapolis, Minn. (U.S.A.), has been elected chair of the Board, while Philippe A. Sarasin, CFA, a partner at Lombard Odier & Cie in Geneva, Switzerland, has been elected vice chair.

Each will serve a one-year term, through the end of AIMR's 2001 fiscal year.

According to the organisation, the 2001 20-member board is the most multi-national in its history. The existing board has members from Canada, Singapore and the US.

Continuing AIMR's increasingly global focus, six new governors from four countries - Switzerland, Japan, Bermuda and the U.S. - have been newly elected to AIMR's 20-member board. Along with continuing board members from Canada, Singapore and the U.S. who are already serving three-year terms, the 2001 board is the most multi-national in AIMR's history.

The new AIMR governors elected to three-year terms beginning with AIMR's fiscal year 2001 are: Cheryl-Ann E. Lister, CFA, chair of the Bermuda Monetary Authority in Hamilton, Bermuda; Theodore R. Aronson, CFA, principal of Aronson and Partners in Philadelpia, Penn. (U.S.A.); Frank C. Dohn, CFA, Bankers Trust Company vice president and manager of its Los Angeles, Calif. (U.S.A.) private banking office; Amaury Jordan, CFA, a partner of Infidar Investment Advisory, a manager of private clients in Zurich, Switzerland; Yoshiharu Okazaki, CFA, president of Pictet Asset Management, Ltd., in Japan; Donald W. Trotter, CFA, senior vice president and portfolio strategist at Atlantic Asset Management, L.L.C. in Overland Park, Kansas (U.S.A.).

The new chair, Fred Speece, said, "AIMR's membership composition is becoming increasingly global, and AIMR must be a global organization and culture. This change is well on its way, but is not yet complete.

"Another challenge for AIMR,'' Speece said, "is to recognize and satisfy the various and changing needs of its almost 100 member societies and chapters around the world. Clearly, the number one objective is to maintain and enhance the global reputation of the Chartered Financial Analyst designation for the benefit of members and their clients worldwide.'' Headquartered in Charlottesville, Virginia, USA, AIMR has a staffed office in Hong Kong and is preparing to open an office in Europe. More information on AIMR and its programs and services is available by calling 800-247-8132 or 804-951-5499 or visiting www.aimr.org.

BUSINESS BUC