The Hedge Fund Standards Board (HFSB) has appointed Antonio Borges as its first permanent chairman. A former Vice Chairman of Goldman Sachs and Dean of Insead, Mr Borges will take up the new post on 1 July 2008.
A permanent board of trustees for the HFSB has also been announced, bringing in major hedge fund investors including executives from a sovereign wealth fund, a UK pension fund manager and fund of funds alongside hedge fund managers.
Andrew Large, who headed the initiative to produce best practice standards involving 14 leading hedge fund managers, says, “We’re absolutely delighted to have someone as distinguished as Antonio Borges taking on this role. With his exceptional international experience and knowledge of the financial sector, Antonio is ideally positioned to take this to the next stage. He will be able to broaden support for the process among other hedge fund managers, work with the US to harmonise standards and liaise with the financial regulators and official bodies such as the Financial Stability Forum which are following this initiative closely.
Besides the chairman, the other trustees of the HFSB are:
Peter Clarke, CEO, Man Group
Paul Dunning, CEO, FRM Ltd
Christopher Fawcett, chairman, AIMA
Kathryn Graham, director of manager selection and hedge funds, Hermes Fund Managers Ltd
Michael Hintze, CEO, CQS
Anthony Lim, president of the London office, GIC
Paul Marshall, chairman, Marshall Wace
Nicolas Moreau, chairman, AXA Investment Managers Ltd
Russell Read, former CIO, CalPERS
George Robinson, founding partner, Sloane Robinson
Manny Roman, co-CEO, GLG
Simon Ruddick, managing director, Albourne Partners