Barbara J. Krumsiek
President, Chief Executive Officer and Chair of Calvert Group, Ltd.
Director and Chair of Acacia Life Insurance Company
Barbara J. Krumsiek is Chair, CEO and President of Calvert Group, Ltd., a leading investment management firm headquartered in Bethesda, Maryland. Calvert manages over $14 billion in assets in over 50 portfolios, including award-winning fixed income portfolios and a full family of sustainable and responsible equity mutual funds. Ms. Krumsiek is Director and Chair of Acacia Life Insurance Company. Calvert and Acacia Life are affiliates of UNIFI, a mutual holding company based in Lincoln, Nebraska.
Ms. Krumsiek’s career in the investment industry spans three decades. Before joining Calvert as CEO in 1997, she was Managing Director at Alliance Capital Management L.P. in New York, and was responsible for mutual fund and variable insurance product lines worth over $17 billion in assets.
At Calvert, she has presided over a period of strong growth and increased visibility both within the sustainable investment sector and in the financial services industry as a whole. Calvert's presence among individual investors, advisors and retirement plans has expanded dramatically.
During her tenure at Calvert, Ms. Krumsiek has worked at the forefront in the socially-responsible investment arena. She has taken a particularly strong interest in such areas as board diversity and gender inclusiveness. Under her leadership in 2004, her firm developed the Calvert Women’s Principles, the first global code of corporate conduct focused exclusively on empowering, advancing and investing in women worldwide. These initiatives were recognized in June 2007 when Ms. Krumsiek accepted the Concern Worldwide "Women of Concern" award for "developing innovative and precedent setting initiatives that strive to empower women globally."
In 2009, Calvert collaborated with Verité, the San Francisco Department on the Status of Women, the United Nations Development Fund for Women (UNIFEM), and gender advocacy and human rights experts to update and extend the original Principles. The revised code addresses emerging issues, and incorporates some of the most progressive contemporary policies and best practices. In 2009, these Calvert Women’s Principles were used as a baseline for the newly developed Women’s Empowerment Principles, the product of collaboration between UNIFEM and the UN Global Compact, and the Gender Equality Principles, a partnership among the San Francisco Department on the Status of Women, Calvert Group, Ltd., and Verité.
Ms. Krumsiek has also taken a leading role in the investment issues surrounding climate change. In January, she was named as Co-Chair of the United Nations Environment Programme - Finance Initiative. UNEP - FI is a partnership between the United Nations Environment Programme and nearly 200 financial institutions around the globe to develop and promote the links between sustainability and financial performance.
Barbara Krumsiek is a recognized leader within the local business community. Recently, she was named one of the “Influential Marylanders for 2010” by the Daily Record. In 2009, she was inducted into the Washington Business Hall of Fame and was ranked among the “100 Most Powerful Women in Washington” by Washingtonian Magazine. Among her peers in the financial services she was listed as one of the “25 Most Influential People In and Around The Independent Advice Business,” by Investment Advisor Magazine, and among the “Top 50 Influential Women in Wealth Management,” by Wealth Management Magazine.
Ms. Krumsiek believes strongly in devoting time to community service. She Chairs the Board of the Eugene and Agnes E. Meyer Foundation, and serves on the boards of Pepco Holdings, Inc., the Economic Club of Washington, D.C., the Federal City Council. She also serves on the Women’s Advisory Board of the Girl Scout Council of the Nation’s Capital, an organization for which she has a personal affinity.
Graduating Phi Beta Kappa with honors from Douglass College, Rutgers University, Ms. Krumsiek received a Bachelor's degree in mathematics. She received a Master's degree in mathematics from the Courant Institute of Mathematical Sciences, New York University. In 2000, the Rutgers University Alumni Federation added her to the Hall of Distinguished Alumni, and in that same year, Douglass College and the Associate Alumnae named her to The Douglass Society. In May 2002, Georgetown University awarded Ms. Krumsiek the Degree of Doctor of Humane Letters, Honoris Causa, citing her work in advancing the critical dialogue regarding the role of business in society.
Ms. Krumsiek, a native New Yorker, resides in Bethesda, Maryland with her husband, Bart Leonard, and their two daughters.
Karen Becker
Karen Becker, Chief Compliance Officer – Funds, and Senior Vice President, Securities Operations and Product Compliance, Calvert Administrative Services Company
Ms. Becker reports directly to the fund boards and is responsible for developing and administering the funds' policies and procedures which are designed to prevent violation of federal securities laws. She has been with Calvert for 24 years. Prior to assuming this role, she was Senior Vice President of Calvert Client Services and served as the Anti-Money Laundering Officer for Calvert. During her early years at Calvert she managed the day-to-day processing of work within the transfer agent and in 1988 she took over as head of the telephone-servicing group. In the mid 1990s she was part of the conversion team that outsourced the transfer agent function to DST/BFDS in Kansas City and in her role as SVP Client Services had daily oversight for the outside transfer agent function. Drawing on her industry knowledge and her strength for processing efficiencies, Ms. Becker led Calvert's inter-functional team that launched the 529 Plan for the District of Columbia in 2002. She has been an active member of the ICI Operations and Transfer Agent Committees and is now a member of the ICI's Compliance Committee, the National Society of Compliance Professionals, in addition to serving on the FINRA Series 6 and 26 exam review committee. She earned a B.A. in Government and Economics from St. Lawrence University in Canton New York and has her Series 7 and 24 securities licenses.
Craig Cloyed
President, Calvert Distributors, Inc.
Mr. Cloyed joined Calvert in February 1998 and serves as National Sales Manager. Prior to joining Calvert, he was President of Berger Distributors, Inc. and Chief Marketing Officer for Berger Associates, Inc., where he oversaw the sales and marketing to all distribution channels. Before Berger, he spent six years as Director of the Institutional Division and global partner for Invesco Funds Group where he founded and grew the institutional group to $6 billion in assets, in addition to establishing various sales groups and internal infrastructure. In total, Mr. Cloyed has more than 30 years of sales and marketing experience in the financial services industry.
Bennett Freeman
Senior Vice President, Sustainability Research and Policy, Calvert Asset Management Company, Inc.
Mr. Freeman manages Calvert's Sustainability Research Department and oversees its company research and analysis as well as its policy and advocacy work. From 2003 until early 2006, he led Burson-Marsteller's Global Corporate Responsibility practice advising multinationals on policy development, stakeholder engagement and communications strategies related to human rights, labor rights and sustainable development. During the Clinton Administration he served in three positions as a political appointee in the State Department, most recently as Deputy Assistant Secretary for Democracy, Human Rights and Labor from 1999 to early 2001. In that capacity, he led the development of the Voluntary Principles on Security and Human Rights, the first human rights standard forged by governments, companies and NGOs for the extractive sectors. Earlier in his career he was Manager-Corporate Affairs for General Electric and a presidential campaign aide to former Vice President Walter Mondale. Mr. Freeman currently serves on the Boards of Oxfam America, Extractive Industry Transparency Initiative (EITI) representing Oxfam, the Revenue Watch Institute, the Institute for Business and Human Rights, and the Genocide Intervention Network. He is also a member of the Council on Foreign Relations. Mr. Freeman received an MA in Modern History from the University of Oxford and an AB in History from the University of California at Berkeley.
Elizabeth A. Le Vaca
Director of Corporate Communications, Calvert Group, Ltd.
Ms. Le Vaca is responsible for the external and internal communications for Calvert and serves as the firm's primary contact with the media. She leads the public relations team in the development and execution of the firm's promotional efforts, ensuring its alignment with the marketing and sales goals. After joining the firm in 1991, she moved up the ranks within the organization gaining knowledge and expertise in mutual fund marketing and communications. Ms. Le Vaca is a 2009 Leadership Montgomery class member. She serves on the Public Information Committee of the Investment Company Institute and is a member of Washington Women in Public Relations and the Public Relations Society of America. She also serves on the Board of Bethesda Green, a community based non-profit organization promoting environmentally friendly living. Ms. LeVaca received her BS in Government and Politics from the University of Maryland.
Lee Nienaber
Senior Vice President, Information Technology and Telecommunications, Calvert Group, Ltd.
Mr. Nienaber oversees the strategic development and implementation of Calvert's technology initiatives. For the past 15 years, Mr. Nienaber has led Calvert's Information Technology group in supporting the company's mission-critical operations through the deployment of leading technology solutions. He also manages the company's Business Continuity Planning efforts, working to develop the technology and procedural infrastructure that will allow Calvert to continue mission-critical operations during events which threaten normal business operations. In his role, Mr. Nienaber is also responsible for the design and coordination of network and operational security procedures intended to safeguard Calvert's critical corporate and shareholder information. He has over 27 years experience in the information technology field, designing technology-based solutions for challenging business operations. Mr. Nienaber holds a B.S. in Information Systems from Fordham University and an M.S. in Information Technology from The George Washington University.
Catherine Palmer Roy, CFA
Senior Vice President and Chief Investment Officer, Fixed Income, Calvert Asset Management Company, Inc.
Ms. Roy is responsible for evaluating and monitoring the investment performance and risk profiles of all Calvert fixed income Funds. She has 30 years of experience in the financial services industry. Prior to joining Calvert in 2004, she was Head of U.S. Fixed Income and Senior Portfolio Manager at Baring Asset Management where she was responsible for managing the U.S. fixed income team. Her responsibilities included investment oversight of U.S. fixed income portfolios, serving as U.S. specialist for global fixed income policy, and chairing the Core Plus Fixed Income Strategy Team. Prior to that, Ms. Roy served in various Portfolio roles including a position as Senior Vice President and Senior Portfolio Manager at Scudder Kemper Investments where she managed $11 billion in fixed income assets for insurance companies and also as Chief Investment Officer at Massachusetts insurer, SBLI. Ms. Roy holds a B.A. from Barnard College and is a Chartered Financial Analyst.
Reginald Stanley
Senior Vice President and Chief Marketing Officer, Calvert Distributors, Inc.
Mr. Stanley has led Calvert's marketing and product development initiatives for the past nine years. Mr. Stanley has twenty-five years of experience in investment, economic development and entrepreneurial businesses. Prior to Calvert he served as President of Boston Community Managed Assets and Chief Operating Officer of its CDFI holding company, Boston Community Capital (BCC). He joined BCC after spending seven years and holding several leadership positions at Fidelity Investments, including Vice President of High Net Worth Marketing, Customer Development and E-Commerce. He has worked at the consulting firms of Bain & Company and McKinsey & Company, as well as served on several community and non-profit boards aimed at civil justice, economic development, and quality of life issues. His current board affiliations include: The Social Investment Forum, GLAD, and the Calvert Foundation. Mr. Stanley is a fellow of the Southern Africa/United States Center for Leadership and Public Values. He earned his MBA at the Wharton School of the University of Pennsylvania and graduated with honors with a BA from the University of Pennsylvania.
Alison Smith
Vice President, Client Services, Calvert Distributors, Inc.
Ms. Smith is responsible for oversight and coordination of vendor relationships by monitoring the activities of Calvert's primary service vendors to ensure that accuracy, timeliness in service, and the highest level of customer service are provided to shareholders and brokers. She is also responsible for ensuring adherence to regulatory requirements by maintaining the Customer Identification Program, NASD Continuing Education requirements, and serves Calvert's Anti-Money Laundering Officer. Ms. Smith earned a BA in Economics from the University of Maryland and is FINRA Series 7 and 24 licensed. She joined Calvert in 1985.
William M. Tartikoff
Senior Vice President, Secretary and General Counsel, Calvert Group, Ltd.
Prior to joining Calvert in January 1990, he was Vice President and Associate Counsel for T. Rowe Price Associates. Mr. Tartikoff was Assistant Counsel for the Investment Company Institute from 1977 to 1982 and with the Internal Revenue Service, Employee Plans, and Exempt Organizations Branch from 1972 to 1977. He is a graduate of the American University (BBA 1969, JD 1972) and received a LLM (Taxation) from Georgetown University. He is FINRA Series 7, 24 and 63 licensed. Mr. Tartikoff authored "Treatment of Mutual Funds under ERISA," Duke Law Journal (Vol. 1979, No. 2) and is a frequent speaker on mutual funds and other related matters. He served as a former Director for ICI Mutual Insurance Company and served on the Board (former Chair) of the Make-A-Wish Foundation of the Mid-Atlantic, and on the Board of Make-A-Wish Foundation of America, including two years as its Finance Committee Chair. Mr. Tartikoff is also the former Chair of the Cultural Alliance of Greater Washington.
Kathy Torrence
Vice President, Corporate Sustainability and Community Partnerships, Calvert Group, Ltd.
Ms. Torrence serves as Vice President of Corporate Sustainability and Community Partnerships and is responsible for developing and implementing sustainable employment practices, improving Calvert's position in corporate social responsibility and overseeing Calvert's Human Resource function. Ms. Torrence has over 20 years of experience in human resources which includes community involvement and corporate social responsibility. She has served the community on several college and university committees and volunteer boards. She is a member of the Society for Human Resource Management and World at Work, a volunteer and board member with the Shepherd's Table, and a board member of Greater DC Cares.
Natalie Trunow
Senior Vice President and Chief Investment Officer, Equities, Calvert Asset Management Company, Inc.
Ms. Trunow is Senior Vice President and Chief Investment Officer of Equities and is responsible for leading, managing, and proactively evaluating and monitoring the investment performance and risk/reward characteristics of Calvert's sub-advised equity, balanced, and asset allocation products. She also leads the firm’s in-house equity management, new product development and implementation. Ms. Trunow has more than 20 years of experience in global financial markets. Prior to joining Calvert in 2008, Ms. Trunow was a Section Head and a Portfolio Manager in the global markets group at General Motors Asset Management in New York where she developed and managed successful in-house investment strategies in global alternatives and domestic small cap as well as alpha-generating, style-balanced funds of funds of institutional money managers. Earlier in her career, Ms. Trunow consulted with the New York law firm of Owen & Davis and Price Waterhouse in New York. She graduated cum laude with a B.S. in Economics from NYU and holds an MBA in Finance from NYU Stern School of Business.
Ronald M. Wolfsheimer
Senior Vice President, Chief Financial and Administrative Officer, Calvert Group, Ltd.
Mr. Wolfsheimer has been with Calvert since 1979. Prior to joining Calvert, Mr. Wolfsheimer was an audit senior with Alexander Grant & Co. and prior thereto was on the audit staff of Arthur Andersen & Co. He is Treasurer of each of the Calvert Funds and is FINRA Series 7 and 27 licensed. Mr. Wolfsheimer received his MS in Management with a concentration on Management Information Systems from the University of Maryland University College after graduating from Indiana University with honors where he earned his BS in Accounting. Mr. Wolfsheimer is a member of the Investment Company Institute's Accounting/Treasurer's Committee and was a member of the industry team that developed the white paper on accounting for multiple classes of shares. He has been a frequent speaker on various topics including audit committees as well as tax, accounting, and operational issues facing mutual funds and their advisors. He has served on the Board of Imagination Stage and currently serves on the Boards of Leadership Montgomery, Montgomery Hospice, and the Arts of and Humanities Council of Montgomery County (former Chair).
Stan Young
Vice President, Client Services, Calvert Distributors, Inc.
Mr. Young is responsible for the day-to-day management of the client/intermediary call service center and Distribution & Marketing support to ensure that the highest level of customer service is provided to shareholders and brokers. He is responsible for establishing a strong regulatory framework in which procedures and conduct are evaluated to comply with FINRA and SEC rules and regulations. Mr. Young has 27 years of experience with Calvert during which he also supervised the Broker Operations Department. Mr. Young received his BA in Biology & Psychology from George Mason University. He is FINRA Series 7 and 24, and Insurance and Annuity licensed.
A200 (6/10)
