Denver (May 11, 2004) -- At its annual meeting here, the 70,000-member Association for Investment Management and Research, voted to change its name to CFA Institute, effective immediately, and has named Jeffrey Diermeier to succeed long-time president and chief executive Thomas Bowman, effective Jan. 1, 2005.

Diermeier, 51, most recently served as global chief investment officer at UBS Global Asset Management. In that role, he oversaw more than $400 billion in assets, covering asset allocation,  equities, fixed-income, real estate and currencies and a staff of 435 in 10 countries.

Bowman, who has served as president and CEO of AIMR since 1994, will retire at the end of the year.

An AIMR representative said the name change had been the subject of internal discussions for several years.

At the newly rebranded CFA Institute, Diermeier will be responsible for the  global management of the Chartered Financial Analyst credential program, as well as overseeing the association’s other programs and services such as its Code of Ethics and Standards of Professional Conduct, advocacy and standard-setting initiatives, conferences and Web-based training seminars, and the in-house publication, Financial Analysts Journal.

— WebCPA staff

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