The global lobby group for hedge funds, the Alternative Investment Management Association (AIMA), has formed its new board, known as the AIMA Council.

Last week, AIMA named former SEC commissioner, Kathleen Casey, as its new non-executive chairwoman. It has now named the rest of the new board.

Four new directors are joining the council, including Phil Schmitt, past chairman of AIMA Canada, and president and CEO of Summerwood Group Inc.

The other new directors are Olwyn Alexander, partner, PwC; Mark O’Sullivan, partner, Ernst & Young LLP; and, Henry Smith, global managing partner, Maples and Calder. They replace four departing directors, and six others are continuing on the board.

“I am honoured to be invited to chair the AIMA Council, which reflects the diversity, strength and global reach of the hedge fund industry today,” said Casey.