The CBIS Board of Directors and the CBIS Global Funds Board of Directors help the CBIS management team align Catholic ethics and values with each of the investment programs we offer. Their leadership and commitment to faith-based investing guide us in our service efforts every day on behalf of Catholic institutions globally.

The CBIS Board of Directors consists of men and women whose combined experience, dedication and vision help ensure that CBIS' strategic planning and program implementation effectively serve the complete investment management needs of Catholic institutions.

  • Brother Michael W. O’Hern, FSC

    President and Chief Executive Officer

    Br. O’Hern has been involved in the financial services industry for more than 20 years. Since 1989, he has been the President and Chief Executive Officer of the Investment Manager, responsible for the overall leadership and direction of the firm. From 1987 until 1989, he was the Executive Vice President of the Investment Manager. In this role, he was responsible for assessing and revaluating the investment advisory services provided by the Investment Manager. In this context, he met with every separate account client of the Investment Manager as well as every client with a significant investment in the collective investment schemes managed by the Investment Manager. Additionally, he represented the Investment Manager in its sponsorship of a new alternative loan investment fund affiliated with the Investment Manager. He is a member of the De La Salle Brothers, the Catholic religious order which owns the Investment Manager. Prior to his joining the Investment Manager, he was Director of Catholic Secondary Schools, Archdiocese of Chicago from 1983 until 1987. He was educated at Lewis College, Michigan State University, Northwestern University and the University of Chicago where he received a Masters of Business Administration.

  • Ms. Kathleen M. Almaney

    Almaney Consulting, Inc.

    Kathy Almaney has served as a member of the CBIS Board of Directors since February 2004. She is the founder and president of Almaney Consulting, a provider of human resources and general management consulting services to corporate and not-for-profit clients. Prior to founding Almaney Consulting in 2002, Ms. Almaney worked at Northern Trust Company in Chicago for almost 23 years, most recently as a Senior Vice President of Human Resources. She was a manager for over 20 of her 23 years with Northern Trust, and her experience covered recruiting, employee relations, training, EEO, diversity, compensation and management consulting. Before joining Northern Trust, she was a teacher and a Director of Religious Education at several Catholic schools and parishes. Ms. Almaney holds a B.A. from Siena Heights College (now University) in Adrian, Michigan, and a Masters in Religious Education from Loyola University, Chicago. Ms. Almaney also serves as a director for Christian Brothers Services, a Trustee and Chairperson for the Camilla Madden Charitable Trust (of the Adrian Dominicans) and is on the Board of Catholic Charities of Chicago and Chair of its Benefits/HR Committee.

  • Ms. Kathleen M. Flanagan

    Leadership Communication, Inc.

    Kathleen Flanagan brings more than two decades of experience to the CBIS board, which she joined in 2008. Currently, as President of Leadership Communication Inc., she is an executive consultant in leadership communication, specializing in shared leadership and decision making. She helps corporate executives, leadership teams and boards produce change, set direction, generate good decisions, inspire action and achieve success through communication and interaction. As Senior Vice President of Nuveen Investments, she was responsible for marketing communications for new product campaigns that raised $25 billion in assets in closed-end funds. Later, she was responsible for fund board development, managing relationships with the outside directors who annually approved the contracts that generated a substantial portion of Nuveen's revenue. In this capacity, she developed board presentations and strategic reviews for the family of Nuveen funds. She had significant responsibility for managing the operational and financial reviews required to meet SEC and fund governance requirements. Ms. Flanagan received her Bachelor of Science degree in Humanities magna cum laude from Loyola University and her Master of Business Administration from the University of Chicago. She later attended the Harvard Business School's Advanced Management Program and did additional studies at the Loyola Center for Organization Development. She is currently working on a book about the post-Vatican II renewal of Catholic sisters, focusing on the School Sisters of St. Francis who taught at Madonna High School (Aurora, Illinois) in 1965.

  • Brother Timothy Froehlich, FSC

    Brothers of the Christian Schools, District of Eastern North America

    Brother Timothy Froehlich has served on the CBIS Board of Directors since February 1996. A member of the Brothers of the Christian Schools since 1982, Brother Timothy is director of finance for the District of Eastern North America, a position he has held since 2009. From 1994 to 2009, he served as Director of Finance for the District of Baltimore. From 1991 to 1994, he worked as an investment consultant for Christian Brothers Investment Services, Inc. He has served on investment and finance committees for a number of Lasallian apostolates, and currently serves on the board of the Christian Brothers Services. He is a member of the District of Eastern North America District Council, Finance Committee and Investment Committee. Brother Froehlich is a 1978 graduate of Duquesne University, Pittsburgh, where he obtained an undergraduate degree in business administration with a major in management and a minor in sociology. He also obtained a master’s degree in theology from La Salle University, Philadelphia, in 1990, and a teaching certificate in accounting from St. Joseph's University, Philadelphia.

  • Ms. Pamela S. Gleeson

    De La Salle Institute

    Pamela Gleeson joined the CBIS Board in 2013. She is the Chief Financial Officer of the De La Salle Institute, the San Francisco District office for the Brothers of the Christian Schools, a position she has held since September 2012. Prior to joining DLSI, Pamela was the Chief Financial Officer for Santen Incorporated, the U.S. headquarters for a Japanese-owned ophthalmic pharmaceutical company for which she worked fifteen years. Pamela also serves on the boards of the Napa Chamber of Commerce, Leadership Napa Valley and Trellis Napa Valley. She holds a B.S. in Business Administration from the University of California, Berkeley and is a California CPA (inactive). Pamela lives in Napa, California with her husband and two sons.

  • Ms. Nola Kulig, CFA

    Kulig Consulting

    Nola Kulig joined the CBIS board in 2009 after serving on CBIS’ investment committee since 2006. She is the founder of Kulig Consulting, LLC, an investment consulting firm to high net worth individuals and family offices. Prior to founding Kulig Consulting in 2008, Ms. Kulig was part of the senior management of Blue Heron Consulting, LLC, a management consulting firm to investment management organizations. There, she advised chief investment officers on organizational effectiveness, investment process issues, industry positioning strategies and maximization of investment performance. With her partner there, she consulted on roughly $1 trillion in assets. Before joining Blue Heron in 2000, she was part of the senior management of Russell Investment Group, then the country’s leading pension consulting firm and manager of more than $100 billion in investment funds. Ms. Kulig served most recently at Russell as portfolio manager with direct responsibility for $3 billion of assets under management. Early in her career, Ms. Kulig served as a bank examiner for the U.S. Treasury Department, working in both commercial and trust bank regulation.

    Ms. Kulig has a B.A. in economics from Whitman College in Walla Walla, WA, where she graduated cum laude and Phi Beta Kappa. She completed various training courses in banking law while at the Comptroller of the Currency. After moving to the investment industry, she completed her Chartered Financial Analyst designation and recently was recognized by the CFA Institute for her work in continuing education. Ms. Kulig has also completed Kellogg University’s Women’s Director Development program. Ms. Kulig has served on the Board of Overseers for Whitman College, a private liberal arts college in the Pacific Northwest since 1999. She is a member of the CFA Institute and the Hartford, CT Society of Financial Analysts.

  • Mr. Sergio J. Masvidal

    Kamaway Capital Partners, LLC

    Sergio J. Masvidal joined the CBIS Board of Trustees in 2012. He is the founder and president of Kamaway Capital Partners in Miami, FL. Prior to founding Kamaway, he was the Vice Chairman of American Express Bank Ltd. (AEB), American Express Company’s international banking subsidiary, based in New York and the head of the Private Bank, with responsibility for all Global Wealth Management activities for AEB.

    Masvidal joined American Express Bank in 1987 as General Manager of American Express Bank International (AEBI), the Private Banking arm of American Express Bank Ltd. In 1992, he became President of American Express Bank International and in 1996 he was made Latin American Region Head for The Private Bank.

    Masvidal has more than 30 years experience in the banking industry, having served in executive positions at Continental Illinois National Bank from 1970 to 1974. From 1974 to 1977 he served as Vice President of The Northern Trust Company. He served as General Manager of Irving Trust International Bank in Miami from 1977 to 1980, and from 1980 to 1983 he was Senior Vice President in charge of the Florida region for that institution. From 1983 to 1987, he was President and Chief Executive Officer of Bank M in Miami, a family owned commercial bank. He holds bachelor's and master’s degrees in Economics from the University of Illinois (Champaign), and is a 1980 graduate of the Harvard Business School’s Program for Management Development.

  • Mr. William R. Rybak

    William R. Rybak has served on the CBIS Board of Directors since February 2010. Mr. Rybak retired from VanKampen Investments, Inc. in 2000, where he had served as executive vice president and chief financial officer since 1986. Previously, Mr. Rybak was a partner with the accounting firm of KPMG LLP (formerly Peat, Marwick, Mitchell & Co.) since 1982. Currently, he is on the Board of Trustees of the JNL Funds, and on the board of directors of the Calamos Mutual Funds and PrivateBancorp, Inc. Mr. Rybak previously served as a member of the board of directors of Howe Barnes Investments, Inc., an investment services firm located in Chicago. He also served as a director of Alliance Bancorp, Inc. and its predecessor, Hinsdale Financial Corp., from 1986 until 2001.

  • Brother Joseph Saurbier, FSC

    Midwest Provincial Office, Midwest District

    Brother Joseph Saurbier, FSC, is the Treasurer and Director of Administration and Operations for Christian Brothers of the Midwest, and has served on the CBIS Board of Directors since 1990. Brother Joseph has also served as an assistant provincial and director of education. He was the principal of De La Salle Institute in Chicago from 1984 to 1990. Brother Joseph is the Chairman of the Board of Christian Brothers Services and sits on the boards of Christian Brothers College High School in St. Louis, MO, and Saint Joseph High School in Westchester, IL. He also serves on the International Economic Council at the order’s headquarters in Rome. Brother Joseph received an undergraduate degree in accounting from Lewis College, his M.B.A. from Lewis University, a master’s in educational administration from De Paul University and a certificate in business administration from the University of Illinois at Chicago.

  • Brother Peter Tripp, FSC

    Saint Paul's School

    Brother Peter Tripp returned for a second term on the CBIS Board of Directors in 2007. As a member of the New Orleans-Santa Fe Province of the De La Salle Christian Brothers, he served in teaching, counseling, educational administrative and financial management positions in schools in Louisiana and New York. In recent years, Brother Tripp has broadened his ministry by serving as a pastoral minister at a youth retreat center in England, where he worked on the Senior program team. A student of Mathematics and Philosophy, he received his initial degree from the College of Santa Fe, New Mexico. His Master's degree in Counselor Education comes from studies completed at the University of New Orleans. Brother Tripp has been part of the business administration program at Loyola University in New Orleans and augmented his studies at Tulane University and Pace University, focusing on accounting, economics, and investments. His experience on Catholic school boards, charitable trusts, and provincial finance committees, as well as top management posts in school finance and administration, has made him especially familiar with the financial challenges facing religious and educational organizations. Presently, Brother Tripp is engaged in ministry as a school counselor at St. Paul's School in Covington, LA, and is frequently tapped as an adviser to provincial administration on finances.

CBIS Global's Funds are registered and incorporated in Ireland in accordance with the laws, regulations and requirements of Ireland and the European Union under the auspices of UCITS (Undertakings for Collective Investment in Transferable Securities: Regulations, 2003). The Funds are legally available throughout the European Union and the world according to individual country requirements.

  • Ms. Eimear Cowhey


    Ms. Cowhey has over 15 years' experience in the offshore funds industry and currently acts as an independent director and consultant to a number of Irish companies and investment funds. From 1999 to 2006 she held various executive positions within The Pioneer Group, including Head of Legal and Compliance and Head of Product Development. From 1992 to 1999 she was Global Fund Director and Head Legal Counsel of INVESCO Asset Management. She qualified in 1990 as an Irish solicitor with the Irish law firm William Fry and she holds a Bachelor of Civil Law received from University College Dublin in 1986. She also holds a C. Dip. A F (Certified Diploma in Accounting and Finance) which was received from the Chartered Association of Certified Accountants in 1989. She is a former Council member and past Chairman of IFIA.

  • Ms. Denise Kinsella


    Ms. Kinsella is an independent non-executive director of a number of investment funds/financial services companies. She is a lawyer by profession and for six years (1999 to 2005) was a Partner at Dillon Eustace Solicitors, specialising in financial services law, in particular investment funds, banking and security, and responsible for advising a number of major domestic and internationally ranked financial institutions on investment, banking and financial services. Prior to that she was employed by Bank of Ireland Group for 11 years where she held a number of senior roles including, in Bank of Ireland Securities Services, as Director of Client Services and Director of Legal Affairs and, in Bank of Ireland Asset Management, as a Senior Manager. Ms. Kinsella is a former Chairman of the Irish Funds Industry Association and IFIA’s legal and regulatory sub-committee. She has also participated on a number of funds industry working groups. She holds an honours BA (Mod) degree in Legal Science from Trinity College Dublin (1983) and was admitted as a solicitor by the Law Society of Ireland in 1987.

  • Mr. David Skelding

    Mr. Skelding is Vice President, General Counsel and Chief Compliance Officer of the Investment Manager with responsibility for all legal and compliance matters. He is a member of the management team of the Investment Manager. From 1999 to 2005 he was head of participant services with the Investment Manager with the responsibility for oversight and management of delivery of investment advisory services to the Investment Manager’s clients. He joined the Investment Manager in 1998, prior to that he was an equity partner in the firm of Lord, Bissell and Brook (now known as Locke, Lord, Bissell & Liddell) where he was an attorney for 15 years specialising in investment management and other financial services work. He was educated at the Cornell Law School and the University of Chicago.

  • Brother Michael W. O'Hern, FSC

    Brother Michael O'Hern joined the CUIT Board of Trustees in 2012. Since joining CBIS in 1987 as Executive Vice President, Br. O’Hern has significantly contributed to its growth and success. As President and CEO, he is responsible for the mission of CBIS, its services and organizational development. Throughout his years at CBIS, Brother Michael’s leadership skills, his strategic insights and vision have enhanced CBIS’ effectiveness and greatly contributed to our success as a unique provider of superior, socially responsible investment programs to the Catholic institutional market. His experience as a school system administrator in the Archdiocese of Chicago provided him with an understanding of the investment needs and unique challenges facing Catholic religious organizations. Brother Michael graduated from Lewis University with a B.A. in 1969. He also holds an M.B.A. from the University of Chicago, an M.A. in Administration from Northwestern University and an M.A. in History from Michigan State University. His FINRA registrations include series 7, 24, 63, and 65.