Karen Foley is a Partner and the Head of ACA’s Performance, Cybersecurity, and ESG divisions. In her role, she oversees the development and delivery of innovative products that help ACA’s clients enhance investment performance processes, strengthen cybersecurity programs, and simplify ESG compliance and data governance.
Prior to this role, she was the head of ACA’s Performance Services, where she leads the largest global team that provides GIPS and various consulting services related to investment performance and performance measurement.
Karen has over 30 years of experience in the financial services industry. Prior to joining ACA, she served as the leader of Deloitte’s Investment Performance Services practice, where she provided attest and consulting services related to investment performance. During her 13-year tenure at Deloitte, she helped many large organizations implement GIPS®. She also provided verification, performance examination, and performance measurement consulting services. Her clients included global investment managers of various asset classes such as equity, fixed-income, private equity, real estate, insurance, and separately managed assets.
Besides her consulting work, Karen has teamed with CFA Institute members to provide GIPS training and spoken at several industry conferences on various GIPS-related topics. She served as a member of the GIPS Executive Committee’s verification/practitioner subcommittee. In addition, Karen participated on the American Institute of CPAs’ task force for performance reporting and served as a standard setter for the Certificate in Investment Performance (“CIPM”) program sponsored by the CFA Institute.
