David Booth is Executive Chairman of Dimensional Fund Advisors, a firm he founded in 1981. Under David’s leadership, Dimensional has grown from a fledgling business operating out of the spare room of his Brooklyn brownstone apartment to a global investment manager with more than 1,400 employees and $653 billion in assets under management. David led Dimensional as CEO and later Co-CEO until 2017, when he stepped back from the daily management of the firm. He remains closely involved in strategic initiatives at Dimensional.
A trailblazer in the financial world, David helped create one of the world’s first index funds in the 1970s and launched the first passively managed small company strategy in the early ’80s. He has spent his career applying groundbreaking financial theory and research to the practical world of asset management, working closely with renowned academics to develop innovative investment strategies that he believed could outperform index funds, pioneering what would later be called factor investing.
David received a bachelor’s degree in economics in 1968 and a master’s degree in business in 1969 from the University of Kansas. In 1971, he received an MBA from the University of Chicago. Over the years, David has been a benefactor to both schools. Upon announcing a gift from the Booth family to the business school at Chicago in 2008, David cited his education there as being instrumental to his later success with Dimensional. The University of Chicago Booth School of Business is named in David’s honor, and the gift has helped to advance its field-defining research and to support the school’s faculty, a number of whom have had close ties to Dimensional. David has also donated to support athletics at the University of Kansas—as a boy, he ushered there at football games—and he is a vocal advocate of the role sports play in keeping alumni connected to a school.
An avid art collector and enthusiast, David has participated in and donated to artistic initiatives across the US, and the David Booth Conservation Center and Department is responsible for the preservation of the Museum of Modern Art’s collection in New York.
Boards and Committees
University of Chicago Board of Trustees
University of Kansas Endowment Association Board of Trustees
The Museum of Modern Art Board of Trustees
The Museum of Modern Art Executive Committee
Becker Friedman Institute Board of Overseers
Hoover Institution Board of Overseers
Awards and Recognition
2018 – University of Chicago Medal
2017 – Investment News Icons and Innovators Award
2016 – Institutional Investor Investment Management Lifetime Achievement Award
2016 – Forbes Money Masters: The 40 Most Powerful People in the Financial World
2012 – Financial Management Association International’s Outstanding Financial Executive Award
2010 – Investment News “The Power 20” in the financial services industry
1992 – Financial Analysts Journal Graham and Dodd Award of Excellence
Dave Butler serves as Co-Chief Executive Officer of Dimensional Fund Advisors LP and is a Dimensional Director. He joined the firm in 1995 and was named Co-CEO in 2017. Along with Co-CEO Gerard O’Reilly, Dave guides Dimensional’s vision and strategy, inspiring innovation and growth. He is passionate about helping clients develop perspective on the markets so that they can have a better investment experience. Dave frequently interacts with professional investors and industry leaders around the globe. In the 25 years since Dave joined Dimensional, the firm has grown from roughly $10 billion in assets under management to more than $653 billion.
Prior to becoming Co-CEO, Dave led the development of Dimensional’s financial advisor business, building a global team of Regional Directors and client services professionals. Throughout his career, Dave has been closely involved in the evolving field of investment advice and the strong community of professionals redefining wealth management and enhancing the investor experience.
Dave attended the University of California, Berkeley, where he earned a BS in marketing and finance in 1986 and an MBA in 1990. He received the CFA® designation in 1998. Dave played basketball while attending Cal and was later drafted by the Boston Celtics. In 2011, he was inducted into the Cal Athletics Hall of Fame, and in 2014, he was named to the Pac-12 Basketball Hall of Honor. Dave was also a Rhodes Scholar candidate.
Gerard O’Reilly serves as Co-Chief Executive Officer and Chief Investment Officer of Dimensional Fund Advisors LP and is a Dimensional Director. He was named Co-CEO in 2017 and has been with Dimensional since 2004. Along with Co-CEO Dave Butler, Gerard guides the firm’s vision and strategy through daily oversight of the company’s people and processes. Since joining the firm, Gerard has been instrumental in the evolution of Dimensional’s systematic approach to creating and implementing investment solutions. He was formerly Head of Research, managing the firm’s rigorous, scientific approach to interpreting, testing, and applying research in portfolios. He is a member of the firm’s Investment Research Committee, which reviews potential investment strategy enhancements, and a member of the Investment Committee, which oversees portfolio and account management.
Prior to joining Dimensional, Gerard obtained his PhD in aeronautics from the California Institute of Technology. He holds a master of science degree in high performance computing from Trinity College Dublin in his native country of Ireland, where he also received a first class honors degree in theoretical physics and was a recipient of the Foundation Scholarship.
Stephen A. Clark is the President of Dimensional International. Steve is also a member of Dimensional’s Executive Committee and Investment Committee.
Steve began his career at Dimensional as a US Equity Portfolio Manager in 2001 and has over 20 years of financial industry experience working with investment, research, and sales professionals as well as a variety of asset owners. He led the Institutional Services team until the end of 2018. Prior to joining the Institutional team in 2012, he led the Global Portfolio Management team. Steve’s current role focuses on ensuring consistent solutions are delivered to our clients around the world. He works closely with the Investment team to implement new, research-driven products and is a prominent influence on key business decisions and firmwide advancements.
Prior to Dimensional, Steve began his financial career in 1997 at John Nuveen & Company, where he was involved in structuring mergers and acquisitions for the company's health care services division. He holds an MBA from the University of Chicago Booth School of Business and a BS from Bradley University.
Lisa Dallmer, Chief Operating Officer, leads Dimensional’s Finance, Operations, and Technology teams. Lisa is an experienced, customer-centric technology leader in financial services. She is passionate about operationalizing strategy and commercializing growth and has brought her extensive experience of working with CEOs, sales, and product development teams to her role at Dimensional.
Prior to joining Dimensional, Lisa was Chief Operating Officer and Managing Director at BlackRock’s Global Technology and Operations Group, where she led operating model strategy, operationalized platform technology, and drove tech-enabled transformations. She also served as Chief Operating Officer at NYSE Euronext in Paris, leading the commercial model for the technology and trading markets.
In 2011 and 2013, Lisa was recognized among Financial News’ 100 Most Influential Women in Finance for driving change across Europe’s financial services industry. She holds an MBA from the University of Chicago Booth School of Business and a BA from Miami University, and she received additional training at the London School of Economics.
Aaron Marcus, Head of Global Human Resources, leads the recruiting, development, and reward of Dimensional employees across the firm's offices worldwide. Aaron is also the Head of our Charlotte office. Since joining Dimensional in 2008, Aaron has grown the Human Resources department from a service provider to business driver, evolving its benefits and support, employee training opportunities, hiring strategy, and people-related systems and policies in support of Dimensional's business objectives.
Prior to Dimensional, Aaron spent 14 years at Goldman Sachs in New York, London, and Hong Kong. In his last role at Goldman, he oversaw the company’s worldwide hiring. He also managed campus recruiting globally as well as the global HR practice for the sales and trading divisions of the firm. Aaron began his Goldman career in commodity operations. He holds a BA in Judaic studies from Brown University.
Catherine Newell serves as General Counsel for Dimensional, supervising the legal work of Dimensional and its subsidiaries and funds. In this role, she oversees the preparation of new product and corporate governance materials, business contracts, and other legal and regulatory matters, and heads up the firm’s Global Legal team. In addition, Catherine serves on Dimensional’s seven-person Executive Committee in the role of Chief of Staff. Prior to joining Dimensional in 1996, she was an associate in the law firm of Morrison & Foerster LLP, practicing in the areas of corporate finance and investment management law.
Catherine earned a JD from the University of California, Los Angeles, School of Law in 1989, where she served on the UCLA Law Review, and a bachelor of arts in government from the University of Notre Dame in 1986.
Global Chief Compliance Officer Selwyn Notelovitz is Chief Compliance Officer for Dimensional Fund Advisors LP. He oversees all compliance matters for the firm and its subsidiaries. Selwyn also oversees the firm’s Global Risk Management program.
Selwyn has more than 30 years of experience in the asset management industry. Before assuming his current role, he was Dimensional’s Deputy Chief Compliance Officer, serving as the principal compliance officer for Portfolio Management, Trading, and other investment-related compliance support, and overseeing Dimensional’s EMEA compliance as well as the firm’s Code of Ethics programs.
Prior to joining Dimensional in 2012, he was global chief compliance officer at Wellington Management Company LLP. He previously served as global chief compliance officer at Charles Schwab and chief compliance officer and senior vice president of global corporate and investment banking for Bank of America. In addition, Selwyn was a branch chief at the Securities and Exchange Commission in Washington, DC. Selwyn received law degrees from Georgetown University Law Center and the University of Florida, where he also completed his bachelor’s degree. He is a member of the Florida and Virginia bars and holds Series 7 and 24 licenses with FINRA.
John Alkire is Chief Executive Officer of Dimensional Japan Ltd. and serves as the head of Dimensional’s Japan operations. John was appointed CEO of Dimensional Japan in November 2012 and began his tenure in January 2013. Prior to his appointment, John was a consultant to Dimensional, assisting the firm in its expansion in Asia.
John has more than 35 years of securities investment experience. Previously, he served as president and chief investment officer of Morgan Stanley Asset & Investment Trust Management Co., Ltd. (MSAITM) in Tokyo, where he oversaw approximately $45 billion in institutional assets. John joined Morgan Stanley in 1981 as head of institutional equity for Asia in New York and established MSAITM, later renamed Morgan Stanley Investment Management (Japan), in Japan in 1995. In 1996, MSAITM was selected by Japan’s Government Pension Investment Fund (then called Nempuku) as one of the first three investment managers to manage its assets.
John’s relationship with Dimensional began in the late 1980s. He first worked with Dimensional founder David Booth in 1985, and while at Morgan Stanley, he helped launch a Japanese small company strategy for Dimensional in 1986.
John was the first non-Japanese vice chairman of the Japanese Securities Investment Advisors Association, from 1998 to 2000. He was born and raised in Japan, speaks fluent Japanese, and graduated from the University of Victoria, British Columbia.
J. Glenn Crane is a founding director of DFA Australia Limited and was responsible for establishing the business in 1994. He is Chairman of the board of directors and the Compliance Committee.
Glenn has extensive experience in all aspects of the financial services sector. In addition to his role at Dimensional, he is chairman of Ceanet Pty Limited and Inlogik Group Pty Limited and is a fellow of the Australian Institute of Company Directors. Glenn received his BComm and LLB from the University of New South Wales and practiced law for five years before moving into the commercial environment.
Nathan Lacaze is Co-CEO of Dimensional Fund Advisors Ltd. (Dimensional UK). Along with Co-CEO John Romiza, Nathan provides daily oversight of Dimensional UK’s business as a whole. In addition to his Co-CEO responsibilities, Nathan is a Director of Dimensional UK, a member of Dimensional UK’s investment and management committees, and on the Board of Directors of Dimensional Funds plc and Dimensional Funds II plc (Irish UCITS managed by Dimensional UK). He also chairs the Board of Directors of Dimensional Ireland Limited (Irish UCITS management company affiliated with Dimensional UK) and takes an active role with clients.
Nathan joined Dimensional as a Trading Assistant in 2004 and became Head of Portfolio Management, EMEA, before assuming the role of Co-CEO. He earned a bachelor of chemical engineering and a bachelor of commerce, with majors in finance and economics, from the University of Sydney. He received an MBA from the University of Chicago Booth School of Business and is a CFA® charterholder.
John Romiza is Co-CEO of Dimensional Fund Advisors Ltd. (Dimensional UK). As Co-CEO, he focuses on Dimensional’s client service and sales activity in the EMEA region. In addition to his Co-CEO responsibilities, he is a Director of Dimensional UK and Dimensional Ireland Limited (Irish UCITS management company affiliated with Dimensional UK) and is a member of Dimensional UK’s investment and management committees. He chairs the Board of Directors of Dimensional Funds plc and Dimensional Funds II plc (Irish UCITS managed by Dimensional UK). John joined Dimensional in 2008 as Head of International Trading.
Prior to joining Dimensional, John served as senior vice president and director of European trading for Franklin Templeton. During his eight years with Franklin, John built the firm’s European trading operation; his responsibilities included full oversight of all EMEA equity trading for the parent organisation. He received a BS in finance from Bentley College in Boston.
Joel Kim is CEO of Dimensional’s Asia ex Japan business as well as a Director of Dimensional Fund Advisors Pte. Ltd. (Dimensional’s Singapore subsidiary) and a Director of Dimensional Hong Kong Limited. Based in Singapore, Joel manages Dimensional’s business interests in the region and ensures alignment with the firm’s global priorities. In partnership with local and global leadership, he oversees the development and implementation of the region’s growth strategy and day-to-day business operations. Joel represents Dimensional in client and regulatory affairs, as well as relevant industry and community events.
Joel has more than 20 years of industry experience, and he joined Dimensional in its Singapore office as a Senior Portfolio Manager in 2016. He most recently served in the firm’s London office solely as Head of International Fixed Income, overseeing fixed income portfolio management outside the US. He continues to fulfill this role from the firm’s Singapore office. Prior to joining Dimensional, he was head of Asia Pacific fixed income for BlackRock in Singapore, where he was responsible for portfolio management of fixed income strategies in the region, including Australia and Japan. Before his time at BlackRock, Joel spent nearly 14 years with ING Investment Management, where he held various fixed income portfolio management positions in Europe and Asia, lastly as head of Asian debt.
Joel has a master’s degree in economics from the University of Amsterdam and is a CFA® charterholder.
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