Hedge fund industry lobby group the Alternative Investment Management Association (AIMA) has named a new CEO.

AIMA announced Monday that industry veteran Jack Inglis will be its new CEO. Inglis comes from Barclays where he was a member of its global executive committee for prime services. Prior to that, he was CEO of Ferox Capital between 2007 and 2010, and he spent 16 years at Morgan Stanley, including a stint as co-head of European prime brokerage from 2003-2007.

Inglis will replace Andrew Baker, who announced in June that he is stepping down. He will take over at the beginning of 2014, and Baker will stay on until then.

“Jack’s breadth of experience in the industry, including executive roles in prime brokerage and experience as CEO of a hedge fund, will prove valuable in representing the interests of AIMA,” said Kathleen Casey, AIMA chairman.

Inglis noted that he expects the industry, and AIMA, to “face important challenges in the years to come”.