Tue, Nov 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA's CEO Andrew Baker to stand down from role at the end of 2013

Wednesday, June 12, 2013
Opalesque Industry Update - Andrew Baker, Chief Executive Officer of the Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced that he will stand down at the end of 2013.

AIMA is in the process of identifying a successor. Mr Baker has been CEO since the beginning of 2009, having previously been Deputy CEO since 2007.

He said: “The last five years have been an extraordinary and extremely challenging period for the industry. I am glad to say that thanks to the efforts of our members, our directors and our staff, AIMA has come through this period greatly strengthened. We have significantly expanded our activities on behalf of the industry globally, particularly in the fields of regulatory, press and investor engagement, and are in robust financial and organisational health. We have also grown substantially the range of services we provide to our members, and our continued growth in membership since the crisis is, I believe, a testament to the effectiveness of our work for the industry.

“It has been a fantastic honour to work with our first-rate staff in the interests of our loyal members, many of whom volunteer significant amounts of their own time to our work. I would also like to pay tribute to AIMA’s Council which has provided excellent counsel and strategic guidance over the years. I am looking forward to future challenges but I know that the organisation is well-equipped for the future.”

Kathleen Casey, AIMA Chairman, added: “The effectiveness of AIMA as a global organisation and its positive influence on international regulatory affairs is a tribute to Andrew's tenure as CEO. In particular, his strong leadership during one of the most tumultuous times facing our financial markets worked to further underscore AIMA’s role and reputation as an expert voice and effective advocate for the industry. We on Council and the staff, volunteers and members of the association will be sad to lose him but wish him every success in the future.”

To ensure continuity, Mr Baker will remain in the role as CEO until his successor has started.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le