Chief legal officer at Millennium Management Simon Lorne has joined the board of the alternative investment management association (AIMA) as its new chair.
He is replacing former SEC commissioner Kathleen Casey, who has served as chair of AIMA since September 2012.
Between 1993 and 1996 Lorne also worked at the SEC as general counsel. He has also held roles at Soloman Brothers and Citigroup.
Eva Sanchez from Citadel Europe and Choo San Yeoh from Albourne Partners are also stepping down from the board.
There are four new additions to the AIMA council, including global head of compliance at Brevan Howard Asset Management, Ryan Taylor, and chief investment strategist at Protege Partners, Michael Weinberg.
Jack Inglis, chief executive officer at AIMA said the board will continue “to address the big issues facing alternative investment fund managers around the world”.
AIMA’s new board will be in place from September this year until September 2018.