The Alternative Investment Management Association (AIMA) the representative association for the hedge fund industry announced its new Council at its Annual General Meeting in London.
AIMA’s membership has elected three non-Executive Directors, responsible for representing the following regions for a 2 year period:
– Europe, Middle East and Africa – Doug Shaw, Managing Director of Proprietary Alpha Strategies, BlackRock Investment Management (UK) Ltd;- the Americas – Sean Simon, Co-President of Ivy Asset Management Corp; and
– Asia-Pacific region – Peter Douglas, Principal of GFIA Pte Ltd.
Also appointed to the Council for a one year term are: Paul Sater, Partner of UK Financial Services at Ernst & Young LLP and Christopher Fawcett, Chief Executive of Fauchier Partners.
AIMA will appoint an independent, non-Executive Chairman in 2009. In the interests of continuity, Christopher Fawcett, who has served as AIMA’s non-Executive Chairman for 6 years, will act as interim Chairman until such time as a new Chairman is appointed.
Remaining on the Council as Executive Directors are: Florence Lombard, CEO; Andrew Baker, Deputy CEO and Emma Mugridge.
“The excellent calibre, deep experience and broad-ranging skills of the new Council will enhance AIMA’s standing as the global voice of the hedge fund industry,” says Andrew Baker.
Many of AIMA’s retiring Council members will continue to serve the Association on the three new Regional Advisory Committees.
“AIMA and its members express their sincere gratitude to the outgoing Council for devoting their time and expertise to AIMA and the industry,” says Florence Lombard. “In particular, we thank Dermot Butler, who is stepping down from his post as AIMA’s Deputy Chairman, for his unwavering support over the past 6 years. His outstanding contribution has helped to make AIMA the dynamic organisation that it is today.”
D.C.