AIMA names former SEC commissioner Casey as new chairman |
Date: Tuesday, September 25, 2012
Author: Emily Perryman, HedgeWeek
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.”
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