Jeffrey J. Diermeier
Chairman, Board of Trustees

Jeffrey J. Diermeier was appointed chairman of the Financial Accounting Foundation (FAF) Board of Trustees in October 2012. The FAF is responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

In his role as FAF chairman, Mr. Diermeier focuses primarily on strategic initiatives, provides vision and leadership to the Board of Trustees in achieving the FAF’s oversight activities, consults regularly with the FASB and GASB chairs, and works closely with the FAF president. He also chairs its Executive Committee.

Mr. Diermeier joined the FAF Board of Trustees in January 2009, and has chaired the FAF’s Standard-Setting Process Oversight Committee as well as served on the Appointments and Evaluations and Finance and Compensation Committees. He is the former president and chief executive officer of the Chartered Financial Analyst (CFA) Institute, a role in which he served from 2005 until his retirement in 2008. He also served on the CFA Institute’s Board of Governors from 2002 to 2008.

Previously, Mr. Diermeier was global chief investment officer at UBS Global Asset Management, a position he held from 2000 to 2004. In that role, he oversaw the management of more than $400 billion in assets, covering asset allocation, equities, fixed income, real estate, and currencies. Mr. Diermeier was with UBS and its predecessors, primarily Brinson Partners Inc., since joining the former First National Bank of Chicago as an equity analyst in 1975. In his almost 30 years, he served as head of asset allocation, head of the U.S. equity division, and deputy chief investment officer and co-head of global equity.

Mr. Diermeier serves on the boards of Janus Capital Group Inc., Adams Street Partners (a private investment management organization), and the University of Wisconsin Foundation. He also chairs the board of the L. B. White Company (a private Midwest industrial company). He previously served as a member of the SEC Advisory Committee on Improvements to Financial Reporting.

Mr. Diermeier has a B.B.A and M.B.A both from the University of Wisconsin at Madison. He is a chartered financial analyst.