AIMA CEO to stand down

People Moves
12 Jun, 2013

Andrew Baker, the CEO at AIMA, has announced he will step down at the end of the year after four years in the role.

The hedge fund industry association is in the process of appointing a new successor although it has been confirmed Baker will remain in his role until a new CEO is chosen.

Baker, who joined AIMA in 2007 as deputy CEO, was previously chief operating officer at Schroders’ alternatives  business in London. Prior to this, he held senior management positions at Gartmore and UBS Asset Management.

His tenure has coincided with some of the most radical upheavals to impact the hedge fund industry, namely the financial crisis and subsequent regulatory backlash. “The last five years have been an extraordinary and extremely challenging period for the industry,” he said in a statement.