Montgomery County Women's History Archive:
40 Women of Historical Significance in Montgomery County
Barbara J. Krumsiek is Chair, President and CEO of Calvert Investments, Inc. Calvert manages over $12.5 billion in assets for individual investors, retirement plans, pension funds, endowments & foundations, and high net worth investors. Ms. Krumsiek’s career in the investment business spans over three decades. Prior to becoming Calvert’s President & CEO in 1997, she served as Managing Director at Alliance Capital Management L.P. (now AllianceBernstein Asset Management Company) in New York City.
During her tenure, Barbara has advanced Calvert’s position as a globally recognized leader in the field of sustainable and responsible investing. She served as Co-Chair of the United Nations Environment Programme - Finance Initiative for three years ending in 2012. UNEP FI is a partnership between the United Nations Environment Programme and 200 financial institutions around the globe mandated to develop and promote the links between sustainability and financial performance.
As head of Calvert, she has successfully advocated on issues relating to the advancement of women in business including efforts to increase the representation of women on corporate boards. Under her leadership, the Calvert Women’s Principles were created in 2004, marking the first global code of corporate conduct focusing exclusively on empowering, advancing, and investing in women worldwide. The Principles have since become the basis for the Gender Equality Principles, an initiative of the City of San Francisco Department on the Status of Women, and the Women's Empowerment Principles which is a collaborative effort between UNIFEM and the UN Global Compact. For this work, in 2010, she received the CEDAW Women’s Human Rights Award.
Ms. Krumsiek currently serves on several private and non-profit boards. She is a Board member of Pepco Holdings, Inc., the Eugene and Agnes E. Meyer Foundation, Calvert Foundation and Girl Scouts USA. Currently, she serves on the Executive Committee of the Federal City Council. She is a former Chair of the Greater Washington Board of Trade.
Ms. Krumsiek has been cited often for her leadership and influence in business. In 2013, she was recognized as one of Washington Business Journal’s Power 100, “Most Powerful Women” by Washingtonian Magazine and won the “Private Sector Woman of the Year” Award from Financial Women’s Association of New York. In 2012, she was awarded the Columbia University Business School’s Botwinick Prize in Business Ethics. She was also honored as a Washington Business
Hall of Fame Laureate in 2009.
Graduating Phi Beta Kappa with honors from Douglass College, Rutgers University, Ms. Krumsiek received a Bachelor's degree in mathematics. She received an MS in Mathematics from New York University. In May 2002, Georgetown University awarded Ms. Krumsiek the Degree of Doctor of Humane Letters, Honoris Causa, citing her work in advancing the critical dialogue regarding the role of business in society. In May 2012, American University awarded her the Degree of Doctor of Laws, Honoris Causa.
Ms. Krumsiek, a native New Yorker, resides in Washington, DC with her husband, Bart Leonard and their two daughters.