Kathleen Casey, an ex-commissioner at the Securities and Exchange Commission, has joined the Alternative Investment Management Association, a US-based hedge fund industry group with an extensive Hong Kong presence, as non-executive chairman.
At the SEC, Casey was not only a commissioner – one of five president-appointed roles – but also the representative to the International Organization of Securities Commissions and the Financial Stability Board. Commissioners each serve five-year terms.
Her appointment at the AIMA is for two years. She will help the organization in its efforts to contribute to the dialog with regulators on “shadow banking,” as well as on a number of other issues.
“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,” said Casey.
She replaces outgoing non-executive chairman at the AIMA Todd Groome, whose term has expired.
“We are most grateful to Todd for his leadership and service to the industry over two terms of office,” said Andrew Baker, chief executive of the organization. “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.”