AIMA and BAI agree to co-operate

The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, and Bundesverband Alternative Investments (BAI), the German-based advocacy association for alternative investments, have struck a cooperation agreement that includes a commitment to jointly engage with policymakers and regulators in the European Union and globally on issues of interest to their respective memberships.

Included in the agreement is work relating to the Alternative Credit Council (ACC), the AIMA affiliate body that represents asset management firms in the private credit and direct lending space.

The agreement builds on the increasingly close cooperation between the two associations. The BAI and AIMA, for example, held joint meetings with Brussels policymakers during the recent European Supervisory Authorities (ESA) Review.

The associations also collaborated on an event in Frankfurt in November to mark the German launch of “Financing the Economy 2017”, a report about the global private credit sector recently published by the ACC and Dechert, the law firm.

Jack Inglis, CEO, AIMA, said: “This agreement with the leading German-based association for alternative investments underlines our commitment to working with other associations to protect the interests of our current and future EU members.  We have already engaged together on a number of policy initiatives and events, and we hope to continue to build on this success. Our partnership with BAI means we will be even more active and effective in Germany and across the EU.”

Frank Dornseifer, Managing Director of BAI, said: “The integration of financial markets in Europe has made significant progress and will conclude in the Capital Markets Union.  As a result, our members and institutional investors in Germany are adapting their investment strategy. Our cross-asset and cross-product approach has become a cross-border approach, as was evident during the AIFMD implementation.  By strengthening our longstanding cooperation with AIMA via a reciprocal membership arrangement, our members and, ultimately, their investors can benefit from synergies in research, education and advocacy at both a European and international level.”