Board

Kay Dryden

Chair

Kay Dryden is an independent trustee of Nationwide Funds Group. She is the Chair of Energy Dispute Solutions, LLC., providing strategy consultation and dispute resolution services to the energy industry. She is the former SVP and general counsel of Charles Schwab, Del Monte Foods and Lucasfilm Ltd. She has served on a number of corporate and not-for-profit boards and is currently a member of the Smithsonian Environmental Research Center board.

Carolyn McPhillips

President

Carolyn McPhillips joined the Forum's staff in July 2005. She was the Forum's Senior Counsel until June 2020, when Carolyn became the President of MFDF. Immediately prior to joining the Forum, she lived in Naples, Italy. She was an associate in the Financial Services Group of Dechert LLP from 2000 to 2003. 

Steve Byers

Treasurer

Steve Byers serves as lead independent trustee and audit committee financial expert (ACFE) for the DBX ETF Trust, also as independent director for The Arbitrage Funds, and as independent director, audit committee chair and ACFE for the non-traded business development company Sierra Income Corp. His executive experience in asset management and capital markets over 30 years includes The Dreyfus Corp, PaineWebber/Mitchell Hutchins and Citicorp, serving in roles such as chief investment officer, chief risk and credit officer, and chief financial/operations officer.

Jane Carlin

Jane Carlin is an independent trustee of iShares Trust.  She is the Chair of the Risk and Compliance Committee. She is the former Managing Director, Deputy General Counsel and Global Head of Operational Risk and Information Security for Morgan Stanley and Credit Suisse. She has served on a number of corporate and not for profit boards and is currently a member of the Hanover Insurance Group board.

Kathleen Dennis

Kathleen Dennis serves as a director for the Morgan Stanley Funds; within the board she is chair of the Money Market Funds and Alternatives Subcommittee and a member of the Governance Committee. In addition, in 2006 she started Cedarwood Associates, a small consulting practice. Ms. Dennis served as a senior managing director of Victory Capital Management from 1993 to 2006, and prior to that time was a senior vice president of Chase Bank, with various responsibilities in the asset management business. She currently is a director of the University at Albany Foundation and a member of the Public Arts Commission in Mount Dora, Florida.

Andrew J. Donohue

Andrew J. Donohue, widely known as Buddy Donohue, is an independent director of the BNY Mellon Family of Funds. Buddy has over 40 years of experience in both senior government and private sector roles, having most recently served as Of Counsel in the Investment Funds practice at Shearman & Sterling LLP. He has also served as SEC Chief of Staff to Chair Mary Jo White (2015-2017). He is best known for his service as Director of the SEC’s Division of Investment Management (2006-2010). He has also served as Chairman of the ABA Investment Companies and Investment Advisers Subcommittee, and as an Editor of the ABA Guide for Fund Directors. He is currently an Adjunct Professor teaching investment management law at Brooklyn Law School.

John Engler

John Engler is an independent trustee for the Fidelity Fixed Income and Asset Allocation Board. He is a former three-term Governor of Michigan. He also served as the president and CEO of the National Association of Manufacturers and president of the Business Roundtable. He currently is a director of K12, Inc. and has served on numerous corporate and nonprofit boards, among them Universal Forest Products, Delta Airlines, Dow Jones, the Annie E. Casey Foundation and the Gerald R. Ford Presidential Foundation.

Sidney E. Harris

Sidney E. Harris is an independent trustee of the Virtus Mutual Funds Family, Duff and Phelps Select MLP Midstream Energy Fund Inc, Virtus Total Return Fund Inc. and Virtus Global Multi-Sector Income Fund.  He served as the Independent Chairman of the Board (2007-2017) of the Ridgeworth Funds.  At the Fund Directions 22nd Annual Mutual Funds Awards Program (2015), he was named “Trustee of the Year.”  In 2019, he was named a member of the Fund Directions Advisory Board.   He recently completed his term on the board of TSYS, an electronics payments processor.   He served as dean (1991-1996) of the Peter F. Drucker Graduate School of Management at Claremont Graduate University.  And dean (1997-2004) of the J. Mack Robinson College of Business at Georgia State University.  He has extensive corporate board and international business experience and is a Fellow of the International Academy of Management.  He currently serves on the board of two non-profits: KIPP Metro Atlanta and the International University of Grand Bassam (IUGB) Foundation.  

Peter Gerald Malone

Peter Gerald Malone,MA LLB, serves as an independent director of Aberdeen Asia-Pacific Income Fund (FAX), a US closed end mutual fund, becoming Chairman in 2005. By profession, he is a Scottish lawyer and was a UK politician from 1983 to 1997. He was a member of the European Affairs Select Committee from 1983 to 1986, then served as a government Whip from 1986 to 1987 in Margaret Thatcher's government when Member of Parliament (MP) for Aberdeen South (1983-87). Mr Malone was appointed Deputy Chairman of the Conservative Party from 1992 to 1994, then Minister of State for Health in John Major's government from 1994 to 1997 whilst MP for Winchester (1992-97). In the financial services sector Mr. Malone has served on the boards of a number of UK funds. He now chairs two other US funds, closed and open end, serves on the board of a third and one Canadian closed end fund. Additionally, he is Chairman of fluidOil Limited, an oil services technology company, Crescent Pharma Limited, a supplier of generic prescription medicines and a Director of Rejuvenan, a US personalized healthcare company. Mr. Malone is Principal of brexRisk, a consultancy advising mutual fund directors on the potential risk the evolving Brexit process poses to their portfolios.

William McCalpin

William F. McCalpin is the independent chairman of the board of trustees of the JanusHenderson funds. He is the former Chief Executive Officer of Imprint Capital Advisors, a registered investment advisor dedicated exclusively to creating and managing high-performing impact investment portfolios for foundations, families and financial institutions. Imprint was purchased by Goldman Sachs Asset Management in September 2015. Further, he is the independent chairman of the mutual funds, with assets totaling $5 billion, that are offered by The Investment Fund for Foundations (TIFF) Investment Program. Investors in the TIFF funds, which Bill helped found in the early 1990s, are exclusively foundations and other nonprofit organizations. Through a period of over 20 years, Bill served in several different capacities in two private grantmaking foundations: the Rockefeller Brothers Fund and the John D. and Catherine T. MacArthur Foundation. Most recently, he was Executive Vice President and Chief Operating Officer of the Rockefeller Brothers Fund. Bill has been a director of the Heron Foundation since 2006. In 2010, he served as the foundation's acting president while the board undertook a search for a new president.

Ron Parker

Ron Parker serves as the lead independent trustee for PIMCO Funds and previously served as chairman of its audit committee. He is also a director and Vice Chair of the Board of Roseburg Forest Products Co., a large privately owned forest products company based in Oregon. Mr. Parker is a retired Certified Public Accountant and spent over 30 years in the forest products industry before retiring as the CEO of Hampton Affiliates. He previously served for 18 years as Board Chair of the Ford Family Foundation and currently chairs their investment committee. He also chaired the investment committee of Oregon Health Sciences University Foundation.

Allan Reich

Allan Reich is the independent lead director of the Oakmark Funds and a senior partner in the Corporate Department of Seyfarth Shaw LLP. Over the course of his career, Mr. Reich has represented and counseled clients regarding numerous domestic and international corporate, securities and financial transactions. He advises publicly traded corporations, privately held companies, entrepreneurs, financial institutions, investment banking firms and venture capitalists regarding a wide range of legal issues. He also serves on the Executive Council and is Chair of the International Relations Commission of the American Jewish Committee. He also serves on the Board of the Illinois Holocaust Museum and Education Center and is a Fellow of the American Bar Foundation.

Jameson A. Baxter

Director Emeritus

Jameson Baxter has had a long and distinguished career in investment banking, finance, and the mutual fund industry. From 1965 to 1990, she held senior positions at First Boston Corporation. In 1986, she formed Baxter Associates, a private investment firm. In 2011, Jamie was named independent chair of the Putnam Funds’ Board of Trustees. She has served as a Putnam trustee since 1994 and as vice chairman since 2005. Jamie retired from the Putnam Funds Board in 2018. Jamie joined the Mutual Fund Directors Forum board in 2005 and served as the chair from 2010 to June 2018. She has served on numerous corporate and nonprofit boards, among them ASHTA Chemicals, Inc., Banta Corporation, Ryerson, Inc., Intermatic Corporation, Good Shepherd Hospital, Emma Willard School, and the Adirondack Chapter of the Nature Conservancy.

Carl Frischling

Director Emeritus

One of the most highly regarded investment management lawyers, Carl Frischling represents and advises leaders in the financial services industry on laws and regulations pertaining to financial services, investment companies and mutual funds. He advises independent trustees and directors, investment advisers and investment companies. Carl is the recipient of Fund Directions’ “Independent Counsel of the Year Award” and “Lifetime Achievement Award,” and he was named one of the “Visionaries of the Modern Mutual Fund Industry” by Strategic Insight. He has served on boards of directors of numerous financial and investment companies, such as Invesco Funds and Reich & Tang Funds. Carl currently sits on the advisory board of BoardIQ and on the editorial board of Money Management Executive.

Allan S. Mostoff

Director Emeritus

Allan S. Mostoff was the founding President of the Mutual Fund Directors Forum. He founded the financial services practice at the Dechert law firm in 1976 and was counsel to that firm. He joined Dechert after serving with the Securities and Exchange Commission, most recently as Director of the Division of Investment Management Regulation and, prior to that, as Associate Director and Assistant Director of the Division of Corporate Regulation. He is a member of The American Law Institute and the Advisory Board of the Investment Lawyer, and has served as a member of the Financial Accounting Standards Advisory Council, the Advisory Board of the Securities Regulation and Law Report and as an adjunct professor of law at Georgetown University School of Law. Mr. Mostoff received the 2007 Fund Directions "Lifetime Achievement Award" for service to mutual fund directors and the mutual fund industry and in 2011 he was recognized by Strategic Insight as a "Mutual Fund Visionary".

Fergus Reid

Director Emeritus

Fergus Reid is an independent trustee of the Morgan Stanley Fund Group, where he has served in that capacity for more than ten years. Mr. Reid has served as a director of Park Avenue Funds, and the Dreyfus National Bank & Trust Company. Currently he is Chairman and Chief Executive Officer of Lumelite Corporation.

Wayne W. Whalen

Director Emeritus

Wayne W. Whalen is of counsel at Skadden, Arps, Slate, Meagher & Flom in Chicago. He has counseled, completed transactions and litigated on behalf of businesses, boards of directors, financial institutions, utilities and governments. Mr. Whalen incorporated the first of Van Kampen Investments Inc.'s mutual funds in 1984.

Susan Ferris Wyderko

Director Emeritus

Susan Ferris Wyderko was the President and CEO of the Mutual Fund Directors Forum until her retirement in June 2020. Prior to joining the Forum as Executive Director in 2006, she held various senior positions at the U.S. Securities and Exchange Commission including the Director of the Office of Investor Education and Assistance, as well as the Acting Director of the Division of Investment Management.  During her tenure with the Commission, Ms. Wyderko also served as the Director of the Office of Legislative Affairs, the Acting Director of the Office of Public Affairs, and Counsel to Chairman Arthur Levitt.