Diane Alfano, the CEO of Institutional Investor — which controls the Institutional Investor media brand along with global events and research businesses — is stepping down effective June 30.
Alfano has worked for Institutional Investor since 1984. She was named chairman and CEO of the company’s non-publishing businesses in 2010, adding the publishing group to her responsibilities in 2017.
Her resignation comes as Euromoney, Institutional Investor’s publicly-traded parent company, moves to combine Institutional Investor with sister companies BCA Research and NDR into a new asset management division.
The incoming CEO of the combined unit has yet to be named. A search is being conducted by executive recruiting firm Korn Ferry.
“I have had an extraordinary ride at Institutional Investor,” Alfano said. “Over the last 37 years, it’s been so exciting and so much fun to help transform this business into what it is today — and what it will become in the future. Serving the asset management and allocating communities has been deeply rewarding and stimulating, as has the honor of building so many strong relationships with the global institutional investing community.”
In a note to Euromoney staff on Thursday, CEO Andrew Rashbass said that Alfano had chosen to step down rather than participate in the search process for the new divisional CEO role.
“Diane’s contribution has been immense,” Rashbass said in the staff email. “For the first 30 years, Diane built II Memberships and Forums into a world-beater. Adding II Publishing in 2017 to her responsibilities, Diane took Institutional Investor fully digital, and successfully integrated the business through the ‘One II’ project where previously it had operated as two distinct units. Diane has also played an important role in the development of the whole of Euromoney, sitting on our main board for 16 years.”