Margaret Franklin was appointed CEO and president of the CFA Institute, the global association of investment professionals announced Monday.
Ms. Franklin, the first woman to hold the position in the organization's 73-year history, will start Sept. 2, succeeding Paul Smith, who will remain as an adviser to the CEO until Dec. 31.
Most recently, Ms. Franklin was president of BNY Mellon wealth management in Canada and head of international wealth management in North America. Ms. Franklin will be succeeded by Tim Wilcox, in addition to his existing role as president of BNY Mellon asset management Canada, spokesman Ben Tanner said in an email.
In 2011, Ms. Franklin chaired CFA Institute's board of governors. She is a founding member of the CFA Institute Women in Investment Initiative, a past recipient of its Alfred C. Morley Distinguished Service Award in 2014, and a member of the Future of Finance Content Council.
Heather Brilliant, chairwoman of the CFA Institute board of governors, said in a statement that "Marg joins CFA Institute at a time when candidate growth and our global society network are at all-time highs."