Thu, Apr 24, 2014
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   |   
Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. South Korea’s state fund plans to double alternative investments[more]

    From Businessweek.com: Korea Investment Corp., the nation’s $72 billion sovereign wealth fund, plans to double alternative investments over the next 10 years to compensate for declining returns from stocks and bonds. “We’ll have to embrace the lower return expectation from traditional assets and tha