The global association of investment professionals has appointed a new board line-up, elected by its membership.

CFA Institute has appointed Colin McLean as vice chair of the board of governors, replacing Frederic Lebel, who has moved up to become chair.

As of September, Lebel will succeed Beth Hamilton-Keen, who will continue to serve on the board as immediate past chair. Lebel is co-chief executive and chief investment officer of OFI MGA and owner of HFS Hedge Fund Selection, based in Geneva, a role he has held since 2008. Previously, he was executive vice president at Lombard Odier & Cie in Geneva, in charge of hedge fund investments since 1997.

“With Fred as our newly appointed chair, I am confident that CFA Institute will continue to be a driving force for positive change in the industry and will continue to make strides toward achieving our mission to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society,” said Paul Smith, president and CEO of CFA Institute. 

McLean is the first non-charterholder to hold the role of vice chair of the board. He is CEO of SVM Asset Management, an Edinburgh-based fund management group, which he founded in 1990. SVM specialises in UK, European and global equities. He previously served as chair of the CFA Society of the UK.

The CFA Institute has more than 138,000 members across 151 countries and territories, including 132,000 Chartered Financial Analyst charterholders and 147 member societies. The board of governors is made up of 18 members from the following 10 countries: Australia, Canada, China, India, Singapore, Switzerland, Turkey, the UK, the United Arab Emirates and the US.