Dear PPI Members and Friends,
In 2014, the Pacific Pension Institute embarked on an exciting and ambitious new chapter in its institutional development. The organization had evolved over the course of two decades from a small group of investors, largely plan sponsors from North America observing and assessing the possibilities in Asia in the early 1990s, to a network of global institutional investors in North America, Europe and Asia, who are now keenly focused on navigating the opportunities in the far corners of the Pacific Rim and around the world. Seeing how the investment world had changed and how PPI had transformed along with it, we became more conscious of the need to position the organization to meet the challenges of the 21st Century. At the same time, however, we remained true to the Institute's rich history of facilitating powerful conversations that provide critical insight into the Asia Pacific market and that ultimately help our members deliver returns.
Over twelve months, the Institute saw significant transitions in leadership on the Board of Directors, the Advisory Council and at our headquarters in San Francisco. PPI members benefitted from a new program experience as we placed more emphasis on interactivity among peers and colleagues and introduced digital and mobile technologies. Toward the end of the year, our leadership and staff undertook new initiatives to refresh the PPI brand and to capture on video the essence of today's PPI that is grounded in its origins and that looks to future avenues of programmatic excellence and meaningful impact.
As we begin this new chapter, we acknowledge the transitions in PPI's leadership in 2014. We are enormously grateful for the exemplary leadership of Gordon Fyfe during his two-year tenure as chair of the Board; the dedication of Christopher Ailman, Ron Bornstein, John Campbell, Wayne Kozun and Ta-Lin Hsu for their nearly 50 years of combined service on the PPI board; the able stewardship of Roy Doumani as chair of the Advisory Council; and the tireless commitment of Marsha Vande Berg during her eight years as the Institute's chief executive. Each of these individuals made significant and lasting contributions to PPI’s important mission.
On behalf of the board and staff of PPI, we thank you, our members and supporters, for helping to ensure PPI’s continued success during a critical year of transition and renewal. We reaffirm our strong commitment to the highest standards in programming and thought leadership, and to keeping PPI in the forefront of the institutional investor community’s engagement in an ever-changing global marketplace.
Theresa J. Whitmarsh, Board Chair
Lionel C. Johnson, President