Morgan Stanley, Bank Of England Vet To Lead Standards Board

Jun 9 2011 | 12:08pm ET

A former Morgan Stanley executive will be the next leader of the Hedge Fund Standards Board.

Amelia Fawcett takes the reins at the voluntary hedge fund industry watchdog on July 1, taking over from interim chairman Andrew Large. Large has filled in for Antonio Borges, the former Goldman Sachs executive and first HFSB chairman, since his departure for the International Monetary Fund in December.

"Standards have an important role to play alongside statutory regulation in reassuring investors and the public that the hedge fund industry is adhering to good practice," Fawcett said.

Fawcett spent almost two decades at Morgan Stanley International, rising to become vice chairman and then European chief operating officer. More recently, she served on the court of directors at the Bank of England.

Fawcett's appointment came in addition to word that several new members have joined the HFSB's investor chapter. Three of them, Blackstone Alternative Asset Management, Corbin Capital and Pacific Alternative Asset Management, have joined its core supporters group, along with new core supporters Albourne Partners and Spinnaker Capital Group. The HFSB investor chapter now boasts 46 members. The HFSB also boasts almost 60 hedge fund signatories to its standards.

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