Join us in welcoming Paul Schott Stevens, who was appointed to the Board of Trustees in March. He brings many years of strategic leadership, financial expertise, and commitment to our Faith to our esteemed Board of Trustees and will be an asset as CDU embarks on its new strategic plan. He retired in 2020 after more than 16 years as president and CEO of the Investment Company Institute (ICI), the global association of regulated funds whose members manage some $35 trillion on behalf of more than 100 million shareholders. During this time, he also served as a director of ICI Mutual Insurance Co. and of the ICI Education Foundation. From 2014-2017, he was chairman of the International Investment Funds Association. Stevens was general counsel of ICI from 1993-1997.
Outside of ICI, Stevens has had a varied career in private law practice as corporate counsel and in government service. He was a leader in the financial services practice of Dechert LLP, an international law firm, and senior vice president and chief counsel for mutual funds and international enterprise at Charles Schwab & Co. He was Special Assistant for National Security Affairs to President Ronald Reagan, who appointed him as the first Legal Adviser to the National Security Council (NSC) and subsequently as head of the NSC’s policy and support staff. At the conclusion of his government service, Stevens received the Department of Defense Medal for Distinguished Public Service, DoD’s highest civilian decoration.
Over the course of his career, Stevens has been committed to a wide range of professional, church, cultural, and community activities. He chaired the American Bar Association’s Standing Committee on Law and National Security. He was resident in Japan in 1990 as a US-Japan Leadership Fellow. He has served on the boards of the National Capital Area Council of the Boy Scouts of America and of the community foundation ACT for Alexandria. He is a long-time member of the Life Guard Society of George Washington’s Mount Vernon. For 11 years he was a member of the Finance Council of the Catholic Diocese of Arlington and served as chair of the Council’s investment committee. Currently he is a trustee of Catholic Investment Services; a member of the Finance & Investment Committee of the Federal Association of the Order of Malta; a director of the Eisenhower Foundation; and a member of the national advisory board of his alma mater, Jesuit High School of New Orleans, Louisiana.
Stevens received a B.A., magna cum laude, from Yale University and a J.D. from the University of Virginia School of Law. He is a member of the District of Columbia Bar. Stevens and his wife Joyce have been married for more than 40 years. They have four sons and live in Alexandria, Virginia.