FASB Names Three New Members to Its Investor Advisory Committee

Norwalk, CT—April 13, 2023—The Financial Accounting Standards Board (FASB) today announced the appointment of three new members to its Investor Advisory Committee (IAC).

While investors participate in all of the FASB’s advisory groups and councils, the IAC is the only advisory group or council comprised of a single stakeholder group─in this case investors. The IAC works closely with the FASB to ensure that investor perspectives are effectively communicated during the development of accounting standards. It advises the FASB on broad topics on the FASB’s agenda, emerging trends, and other areas of interest to investors. IAC membership includes a mix of buy-side and sell-side investors, credit and equity analysts, and ratings agencies.

The new members are:

• John DeVita, Principal and Portfolio Manager, Altrinsic Global Advisors, LLC
• John Helfst, Managing Director, 1919 Investment Counsel, LLC
• Minesh Patel, Senior Director and Sector Lead – US Leveraged Finance, S&P Global Ratings.

John DeVita has more than 30 years of experience and a diverse background that includes extensive knowledge in international securities analysis in the equity, fixed income, and foreign currency markets. He currently serves as a portfolio manager and director of research at Altrinsic Global Advisors with a primary focus on the consumer sector.

John Helfst has more than 26 years of experience researching and investing in financial services and real estate. He has held positions on both the sell-side and buy-side focused on financial services companies, with a primary focus on small and mid-cap equities, as well as a credit analyst and construction real estate lender.

Minesh Patel is responsible for leveraged finance thought leadership and credit risk assessments across various sectors. He previously served as the lead credit ratings analyst for business and information technology services as well as the media and entertainment sectors.

“We’re pleased to welcome John DeVita, John Helfst, and Minesh Patel to our Investor Advisory Committee,” stated FASB Chair Richard R. Jones. “Their diverse backgrounds in investing will enhance the group’s robust discussions and its valuable input on how FASB standards can provide investors with information they will use in their capital allocation decisions.”

For more information about the IAC and its activities, visit www.fasb.org.