The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has appointed Kathleen Casey as new non-executive chairman along with forming a new global governing council.
Casey, a former US SEC commissioner, replaces AIMA non-executive chairman Todd Groome following the expiry of his term.
The period of Casey’s appointment is for two years.
AIMA CEO, Andrew Baker, said: “We are most honoured that Kathy Casey will be our new Chair. As we move internationally from a period of legislative drafting to regulatory implementation her enormous experience will be invaluable,”
“AIMA has always sought to engage in a constructive and transparent way with industry regulators globally and Kathy will help us further enhance that dialogue. In particular, we look forward to her being able to assist us in supporting the industry’s contribution to a number of very important international regulatory dialogues, for example on discussions around so-called ‘shadow banking’.”
Commenting on her appointment Casey said: “I am delighted to have been invited to take on this role with AIMA. There is significant new regulatory oversight of hedge funds being introduced internationally and it is important that the industry continue to work closely with regulators because we share common goals: increased financial stability and deep, vibrant and resilient markets.”
Casey will be joined on the new AIMA council, its board of directors, by Olwyn Alexander, Partner, PwC; Mark O’Sullivan, Partner, Ernst & Young; Phil Schmitt, President, Summerwood Capital; and Henry Smith, Global Managing Partner, Maples and Calder.
Those continuing their directorships of AIMA are Andrew Baker, CEO, AIMA; Andrew Bastow, general counsel, director of government and regulatory affairs, Winton Capital; James G. Dinan, founder, chairman & CEO, York Capital Management; Chris Pearce, Asia COO, Marshall Wace Asia; Paul Sater, Partner, Ernst & Young; and Phil Tye, co-founder and managing director, DragonBack Capital.
Baker said: “We are delighted to have secured such an outstanding council and I would like to thank them all for volunteering their time and expertise to AIMA and the global industry. I would also like to pay tribute to the retiring directors for their contributions and support.”
Casey added: “I am honoured to be invited to chair the AIMA Council, which reflects the diversity, strength and global reach of the hedge fund industry today. I am excited to work with my AIMA colleagues in representing this important global industry.”
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