The Alternative Investment Management Association has appointed a new non-executive chairman, Kathleen Casey, the former Securities and Exchange Commissioner and SEC representative to the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB).
Casey (pictured) served as a US Securities and Exchange Commissioner from 2006 to 2011. During her tenure, she acted as the SEC’s principal representative in various international regulatory dialogues and fora, including IOSCO and the FSB. In that role, she also served as chair of the IOSCO Technical Committee and led various international regulatory workstreams.
The period of Casey’s appointment is for two years.
AIMA chief executive Andrew Baker says: “We are most honoured that Kathy Casey will be our new Chair. As we move internationally from a period of legislative drafting to regulatory implementation her enormous experience will be invaluable. AIMA has always sought to engage in a constructive and transparent way with industry regulators globally and Kathy will help us further enhance that dialogue. In particular, we look forward to her being able to assist us in supporting the industry’s contribution to a number of very important international regulatory dialogues, for example on discussions around so-called ‘shadow banking’.”
Casey says: “I am delighted to have been invited to take on this role with AIMA. There is significant new regulatory oversight of hedge funds being introduced internationally and it is important that the industry continue to work closely with regulators because we share common goals: increased financial stability and deep, vibrant and resilient markets.”
Casey replaces out-going AIMA non-executive chairman Todd Groome following the expiry of his term. He had been in the role since the beginning of 2009.
“We are most grateful to Todd for his leadership and service to the industry over two terms of office,” says Baker. “With his IMF experience he provided particular insight into the international regulatory and policymaker community at a time when a significant amount of post-crisis legislation was being drafted.”