©2006 Investment Company Institute. All rights reserved. Information may be abridged and therefore incomplete.
Communications from the Institute do not constitute, and should not be considered a substitute for, legal advice.
[19595]
January 12, 2006
TO: PRIMARY CONTACTS - MEMBER COMPLEX No. 3-06
INTERNAL AUDIT ADVISORY COMMITTEE No. 1-06
SEC RULES COMMITTEE No. 2-06
OPERATIONS COMMITTEE No. 3-06
RE: INSTITUTE CREATES RISK MANAGEMENT ADVISORY COMMITTEE
The Institute has created a new Risk Management Advisory Committee (RMAC) that is
comprised of senior risk managers of ICI member firms. The RMAC was created to provide a
forum for risk managers of ICI member companies to promote sound enterprise-wide risk
management practices within such companies and to undertake projects consistent with this
mission. It is chaired by David Martin, Chief Risk Officer, Alliance Capital, and Ken Winston,
Managing Director, Risk Management, Morgan Stanley.
While many people within an ICI member may have responsibility for managing risks
within a discrete area of the firm, membership on the RMAC is limited to a member’s senior
risk management officer who has ultimate responsibility for managing enterprise-wide risk
within the firm. Those members that have a senior risk manager who is interested in serving on
the RMAC should contact the undersigned by phone (202-326-5825) or email (tamara@ici.org) to
be added to the roster of the RMAC members. Similarly, if you have any questions about the
RMAC, please contact the undersigned.
Tamara K. Salmon
Senior Associate Counsel