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CAIA Association names former AIMA CEO Florence Lombard to serve as new CEO

Thursday, December 16, 2010
Opalesque Industry Update - The Chartered Alternative Investment Analyst (CAIA) Association has selected Florence Lombard as the next CEO of the association. On Monday, Jan. 3, 2011, Lombard, founding member and former CEO of the Alternative Investment Management Association (AIMA), will assume the position held by E. Craig Asche.

“Florence brings more than 20 years of experience as a strong advocate for the alternative investment industry,” said Asche. “She is a trusted leader and visionary who helped found two of the alternative investment industry’s leading global organizations – AIMA and the CAIA Association. Her passion and vision, her proven record of growth globally, and her firm understanding of the challenges facing the industry make her an ideal leader for the CAIA Association’s next era of growth. It is my pleasure to pass the mantle on to her.”

As CEO of AIMA, the global hedge fund industry association, Lombard oversaw the development and implementation of projects in the areas of education, research, regulation, and sound practices. She was instrumental in developing AIMA’s presence in Asia, which led to the creation of the Hong Kong/China, Australia, Japan, and Singapore chapters. While CEO, she co-founded the CAIA Association to develop specialized educational standards for alternative investment professionals. Today, more than 4,600 investment professionals throughout the world have earned the CAIA designation and participate in networking and educational programs.

In December 2008, Lombard stepped down from her post as CEO of AIMA. Following the advent of the global financial crisis, she agreed to stay on as Executive Director focusing on the relationship with governments and policymakers internationally. At the end of March 2010, she stepped down fully from executive functions. Lombard has lived and worked in the United Kingdom, France, Switzerland, and throughout the Asia-Pacific region. With her appointment as CEO of CAIA, she will relocate to the United States.

“I am honored to have been selected to lead the CAIA Association into the next era,” Lombard said. “Craig Asche accomplished a great deal in seven short years, taking the association from a start-up to a well respected alternative investment knowledge center and sponsor of the globally recognized CAIA designation. My challenge will be to seek new opportunities for growth and development, such as expanding our presence in Asia, and keep the association growing to meet the educational and networking needs of professionals in this dynamic industry.”

Earlier this year, Asche informed the board of directors of his intention to step down from his position by year end. He joined the fledgling CAIA Association in 2003 to solidify the association's prestige among members of the financial community as the foremost program for alternative investment professional and educational development.

Prior to joining the CAIA Association, he worked at Salomon Brothers in a variety of trading and sales positions, including Director of the Asia Pacific Foreign Exchange Department, where he oversaw proprietary positions and executed trades on behalf of central banks, hedge funds and multinationals. Asche retired from Salomon Brothers in 1996 to advise his own family's investment office, a role he continues today.

(press release)

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