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Mr Inglis joins from Barclays where he was a member of the Global Executive Committee for Prime Services and was previously CEO of Ferox Capital between 2007 and 2010. He also spent 16 years at Morgan Stanley where he was Co-Head of European Prime Brokerage from 2003-2007.

The appointment follows the announcement in June that current CEO Andrew Baker was stepping down. Mr Baker had been CEO since the beginning of 2009, having previously been Deputy CEO since 2007. Mr Inglis will start in the role at the beginning of 2014, with Mr Baker remaining to oversee the handover until then.

Jack Inglis said: “I am delighted to be joining AIMA. It has a tremendously important role to play representing the industry globally and has been instrumental since the crisis in engaging positively with policymakers and regulators internationally. It has also done a lot of important educational work explaining the value that the industry provides to investors, markets and the broader economy.

“It is a tribute to the work of Andrew, the governing Council and AIMA’s staff that the organisation I will be joining is in such robust health. Nevertheless, the industry and the Association undoubtedly face important challenges in the years to come and I look forward to working together with members, staff and directors of the Association to meet those challenges.”

Kathleen Casey, AIMA Chairman, added: “We are very gratified and excited that Jack will be joining us. Jack’s breadth of experience in the industry, including executive roles in prime brokerage and experience as CEO of a hedge fund, will prove valuable in representing the interests of AIMA. I also want to thank Andrew for all his years of service to the Association. He helped to make AIMA the influential and respected global player that it is now and he departs with our sincere thanks and best wishes for the future.”

Press release

bc