The Alternative Investment Management Association, the hedge fund industry body, has drafted in a new chairman and reorganised its top executives’ roles, as it makes good on its pledge to focus more on liaising with regulators and policymakers and to play a “material and sophisticated” part in regulatory reforms.

Aima, which in October announced plans to focus its resources more heavily on engaging with regulators and policymakers, said in a statement yesterday that its chief executive for the past 15 years, Florence Lombard, will become executive director and take on a new international advocacy role.