Myrna Rivera, Founder of Consultiva Internacional, Elected Chair of Lehman College Foundation Board

Myrna Rivera

Myrna M. Rivera, a Lehman alumna and founder and board chair of Consultiva Internacional, Inc., has been elected chair of the Lehman College Foundation’s board of directors. She has served on the board for six years and chaired its Investment Committee since 2006.

The Foundation raises, invests, and distributes private funds for scholarships, faculty support, and other educational needs of Lehman College. In 2010 and 2011, hundreds of Lehman students received $1.1 million in scholarships made possible by contributions to the Foundation.

Ms. Rivera, who earned her master’s in mathematics from Lehman in 1975 and received the College’s 2006 Alumni Achievement Award, succeeds David H. Levey, an independent political economist who has served as board chair since 2006. He will continue on the board as chair of its Investment and Finance Committee.

“Over the past six years, the capable leadership, dedication, and commitment of David Levey, the Foundation’s previous Chair, has been invaluable, especially during these uncertain times,” said Fredrick Gilbert, the Foundation’s executive director. “Now that his term has come to a close, the recent election of Myrna Rivera to succeed him is exciting news, particularly given the current economic situation and the overall philanthropic landscape.

“The Foundation’s mission has the welfare of others at its core,” he continued. “Shrinking State support, in addition to fundraising challenges and the ever-present and growing needs of Lehman students, all add up to an environment in which a leader who can see the big picture and understand the bottom line will be indispensable. To that end, Myrna’s professional expertise, her life experience, her values, and her vibrancy will facilitate participation, foster creativity, and enhance the Board’s effectiveness.”

A former director and senior vice president of the Consulting Group at Smith Barney and a John Ellis, Jr. Excellence Award recipient for dedication and service in this field, Ms. Rivera founded Consultiva Internacional, Inc. an employee-owned investment management consulting firm, in 1999.

Along with other pioneers of the early 1980s, she contributed to developing standard investment practices for endowments and foundations, pension funds, insurance companies, credit unions, individuals, and families. In addition to the John Ellis, Jr. Excellence Award, she has been honored with the Joyce Johnson Award of the National Association of Securities Professionals (NASP) for contributions to the advancement of women and minorities in financial services; the Highest Leaf Award from the Women’s Venture Fund of New York for entrepreneurial excellence; and inclusion by Hispanic Business Magazine as one of the “Top 100 Influential Hispanics.”

Ms. Rivera also is a founding member of the Comisión de Ciudadanos al Rescate de Caimito, a community-based organization in San Juan devoted to community education and conservation, and a board member of NASP, a trade organization dedicated to the advancement of women and minorities in financial services.

Mr. Levey studied economics and politics at the University of Chicago and Harvard University and has taught at Yale, Wayne State University (Detroit), and the New School University (New York). He previously was an associate economics editor at Business Week and between 1972 and 1982 was part of a consulting team, training international loan officers from Citibank, Wells Fargo, and Bank of America. From 1983 to 1985, he was manager of the Country Review Department at Wells Fargo Bank in San Francisco.

In 1985, Mr. Levey joined Moody’s Investors Service in New York as a senior sovereign analyst, and a year later was promoted to managing director in the Sovereign Risk Unit, a position he held until his retirement in 2004. His team was responsible for assigning credit ratings to bond issues of governments in Europe, the Middle East, Africa, and South Asia.

Currently, he conducts research focused on the structure of the global economy. He has written for Foreign Affairs and other publications and is working on a book about the global competition between different models of capitalism and the future of the international financial system.