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Ten years hence

Barbara Krumsiek, President and CEO, Calvert

January 28, 2011

Barbara Krumsiek

Barbara J. Krumsiek is Chair, CEO and President of Calvert Group, Ltd., a leading investment management firm headquartered in Bethesda, Maryland. Calvert manages over $14 billion in assets in over 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 L.P. in New York, and was responsible for mutual fund and variable insurance product lines worth over $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 has expanded dramatically.

During her tenure at Calvert, Ms. Krumsiek has worked at the forefront in the socially-responsible investment arena.  She has taken a particularly strong interest in such areas as board diversity and gender inclusiveness.  Under her leadership in 2004, her firm developed the Calvert Women’s Principles, the first global code of corporate conduct focused exclusively on empowering, advancing and investing in women worldwide.  These initiatives were recognized in June 2007 when Ms. Krumsiek accepted the Concern Worldwide "Women of Concern" award for "developing innovative and precedent setting initiatives that strive to empower women globally."

In 2009, Calvert collaborated with Verité, the San Francisco Department on the Status of Women, the United Nations Development Fund for Women (UNIFEM), and gender advocacy and human rights experts to update and extend the original Principles.  The revised code addresses emerging issues, and incorporates some of the most progressive contemporary policies and best practices.  In 2009, these Calvert Women’s Principles were used as a baseline for the newly developed Women’s Empowerment Principles, the product of collaboration between UNIFEM and the UN Global Compact, and the Gender Equality Principles, a partnership among the San Francisco Department on the Status of Women, Calvert Group, Ltd., and Verité.

Ms. Krumsiek has also taken a leading role in the investment issues surrounding climate change.  In January, she was named as Co-Chair of the United Nations Environment Programme - Finance Initiative.  UNEP - FI is a partnership between the United Nations Environment Programme and nearly 200 financial institutions around the globe to develop and promote the links between sustainability and financial performance. 

Barbara Krumsiek is a recognized leader within the local business community.  Recently, she was named one of the “Influential Marylanders for 2010” by the Daily Record. In 2009, she was inducted into the Washington Business Hall of Fame and was ranked among the “100 Most Powerful Women in Washington” by Washingtonian Magazine. Among her peers in the financial services she was listed as one of the “25 Most Influential People In and Around The Independent Advice Business,” by Investment Advisor Magazine, and among the “Top 50 Influential Women in Wealth Management,” by Wealth Management Magazine.

Ms. Krumsiek believes strongly in devoting time to community service. She Chairs the Board of the Eugene and Agnes E. Meyer Foundation, and serves on the boards of Pepco Holdings, Inc., the Economic Club of Washington, D.C., the Federal City Council. She also 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.

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.


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