Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced the appointment of a new non-Executive Chairman, Kathleen Casey, the former Securities and Exchange Commissioner and SEC representative to the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB).|
Ms. Casey served as a United States Securities and Exchange Commissioner from 2006-2011. During her tenure, she acted as the SEC’s principal representative in various international regulatory dialogues and fora, including IOSCO and the FSB. In that role, she also served as Chair of the IOSCO Technical Committee and led various international regulatory workstreams.
Ms. Casey is a member of the District of Columbia and Virginia State bars. She holds a JD from George Mason University School of Law and a BA in International Politics from the Pennsylvania State University.
The period of Ms. 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’.”
AIMA Chairman Kathleen 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.”
Ms. Casey replaces out-going AIMA non-Executive Chairman Todd Groome following the expiry of his term. He had been in the role since the beginning of 2009.
“We are most grateful to Todd for his leadership and service to the industry over two terms of office,” said Mr Baker. “With his IMF experience he provided particular insight into the international regulatory and policymaker community at a time when a significant amount of post-crisis legislation was being drafted.”
Members include hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting firms, investors, fund administrators and independent fund directors. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators worldwide.
AIMA is a dynamic organisation that reflects its members’ interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialised educational standard for alternative investment specialists. For further information, please visit AIMA’s website, www.aima.org.