AIMA, the global body representing the world's hedge fund sector and which lobbies on issues such as regulations, has a new CEO.

The Alternative Investment Management Association, the global hedge fund industry body, has a new chief executive, Jack Inglis, who joins from Barclays where had been a member of the global executive committee for prime services.

Inglis replaces Andrew Baker, who as announced in June this year is stepping down from the role, having held the CEO slot since the start of 2009 – a period spanning one of the most turbulent periods in the industry’s history. It is a period that has seen the arrival of sweeping new European Union regulations on hedge funds and private equity, for example, as well as changes to regulations on hedge funds in the US.

Among his previous roles, Inglis was chief executive at Ferox Capital between 2007 and 2010. He also spent 16 years at Morgan Stanley, where he was co-head of European prime brokerage from 2003-2007.

Inglis starts his new role the beginning of 2014, with Baker remaining to oversee the handover until that time.

AIMA has more than 1,300 corporate members based in more than 50 countries.