The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced that Jack Inglis will take over as CEO of the organisation on February 1, 2014.
Inglis replaces Andrew Baker, AIMA’s CEO since January 2009, who announced last year that he would be stepping down.
Inglis was previously with Barclays where he was a member of the Global Executive Committee for Prime Services. Prior to that he was the 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.
“This is an exciting time to be joining AIMA and I am very much looking forward to building on Andrew’s outstanding legacy,” said Inglis. “AIMA has been able to forge excellent working relationships with regulators globally, and I intend to continue that work in the spirit of constructive co-operation that has always defined AIMA’s regulatory engagement. We will also strengthen our engagement with investors in hedge funds as we look to build on the very good work to date of the AIMA Investor Steering Committee, a group of leading institutional investors from around the world.
“Our educational mission will continue to be key. Since the financial crisis, AIMA has done a tremendous job of explaining the useful roles that hedge funds play both in financial markets and investor portfolios and in terms of the contributions that the industry makes to society, and going forward we will further develop this narrative. We will continue to focus on areas where AIMA traditionally has been very strong, including updating and expanding our library of sound practices guides and due diligence questionnaires.
“And I also plan to strengthen AIMA’s global network as we consolidate our presence in the more than 50 countries where our members are based and seek to continue to expand into new territories and markets. These efforts would not be possible without the volunteering of so many AIMA members, whether in working groups or local executive committees or as local representatives, and I look forward to meeting and working closely with them over the coming months,” he added.