LONDON (HedgeWorld.com)–The Alternative Investment Management Association promoted two employees and hired a new membership development manager.

Mary Richardson was promoted to associate director for regulatory and legal, according to a news release from the organization. Previously her title was associate for regulatory and legal. She also serves as the company secretary. She joined AIMA in 2002 and helped with the organization’s incorporation. In her new position, Ms. Richardson will continue to be responsible for developing and maintaining relationships with regulatory authorities and coordinating liaison and industry participation in consultation and developments.

Alanda Board was promoted to data and systems manager. Her previous title was administration manager. In her new job, she will be responsible for maintaining AIMA’s information technology systems, its confidential database and its web site.

AIMA also hired Polly Smith as membership development manager. In this role, Ms. Smith will be responsible for growing AIMA’s membership base, and working with existing members and non-members, including institutional investors.

Florence Lombard, AIMA’s executive director, said in a statement that the organization’s 31% growth in membership in 2003 drove the changes. “These staff changes reflect the need for more specialized staff to meet the needs of our members, institutional investors and regulators,” she said. “In addition, they are an acknowledgement of the invaluable input the staff provides to the industry.”

AIMA is a not-for-profit global trade association focused on increasing investor education, transparency and promoting due diligence as well as working with regulators and other parties to ensure the “responsible use” of alternative investments, including hedge funds, managed futures and managed currency funds.

CClair@HedgeWorld.com

Contact Robert F. Keane with questions or comments at: bkeane@ia-mag.com.