The Alternative Investment Management Association (AIMA) Council and the Managed Funds Association (MFA) Board have established a joint global steering group (GSG), which will aim to achieve synergies that will benefit the combined membership and the alternative investment industry globally.
The steering group will guide the operational relationship between AIMA and MFA and will be responsible to ensure coordinated policy development and messaging and an efficient use of resources.
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The group will meet regularly to provide direction and oversight to the work of both associations.
Additionally, both the organizations will communicate with members the work and successes of this joint initiative.
The members of the Group include Andrew Bastow, Stuart Fiertz, Simon Lorne, Ryan Taylor, Karl Wachter on behalf of AIMA, while Darcy Bradbury, Adam Cooper, Duncan Ford, David Haley and Michael Harris will join on behalf of MFA.
AIMA chair Kathleen Casey and MFA chair David Haley said: "This is an important step in enhancing the co-operative relationship between our two organizations on behalf of our members and the industry as a whole.
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By GlobalData"While AIMA and MFA have worked jointly in the past on individual initiatives, the formation of the Global Steering Group supports greater discipline and consistency of that effort."
AIMA CEO Jack Inglis and MFA CEO & president Richard Baker said: "In an increasingly globalised industry we recognise the benefits of working more closely together and members of both associations should see this as a very positive move towards jointly maximising the unique strengths of each organisation, presenting a single voice where appropriate and avoiding duplication of effort."
