Board of Directors
Barbara J. Krumsiek
Chair
Barbara J. Krumsiek is Chair, CEO and President of Calvert Group, Ltd., a leading investment management and mutual fund firm headquartered in Bethesda, Maryland. Calvert manages more than $14 billion in assets in more than 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 LP in New York, and was responsible for mutual fund and variable insurance product lines worth more than $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, including 401(k) plans, has expanded dramatically.
Ms. Krumsiek is a recognized leader in the Washington DC business community. In 2009, she was inducted into the Washington Business Hall of Fame. She ranked among the "100 Most Powerful Women in Washington" by Washingtonian Magazine; the "25 Most Influential People In and Around The Independent Advice Business," by Investment Advisor Magazine, and the "Top 50 influential Women in Wealth Management," by Wealth Management Magazine. In 2007, the Latino Economic Development Corporation honored her with the CEO Leadership Award.
She is also committed to enriching the Washington DC community through community service. In addition to serving as Board Chair of the Eugene and Agnes E. Meyer Foundation, she serves on the boards of Pepco Holdings, Inc., the Economic Club of Washington, DC, the Federal City Council. She 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.
The advancement of women and minorities in business is another area on which Barbara Krumsiek focuses her work. In 2004, with the support of the United Nations Development Fund for Women (UNIFEM), Calvert created the Calvert Women's Principles, a code of corporate conduct focusing on gender equality and women's empowerment. Calvert created, and called upon corporate Boards of Directors and their nominating and governance committees to adopt, model charter language for corporate nominating and governance committees focused on attaining diversity in corporate board rooms. These initiatives were recognized in June 2007 when Ms. Krumsiek accepted Concern Worldwide's "Women of Concern" award for 'developing innovative and precedent setting initiatives that strive to empower women globally."
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.