Impact Investing Australia Appoints CEO
Wednesday, 22nd October 2014 at 9:16 am
Investment adviser, Daniel Madhavan has been appointed as the inaugural Chief Executive Officer of Impact Investing Australia – a newly established Not for Profit set up to develop the market for impact investing.
Madhavan is joining the organisation following 12 years at wealth management firm JBWere, working in a range of roles including as an Investment Advisor, Head of NSW, Chief Operating Officer and most recently, Acting CEO.
“Daniel has an impressive record as a leader in the financial services industry, coupled with a strong understanding of how capital can be used harness positive social outcomes,” Chair and Co-Founder of Impact Investing Australia, Rosemary Addis said.
“He brings a unique combination of industry knowledge and business development experience to the CEO role, which will be invaluable and complement our cross-sectoral team as we work to build the market for impact investing in Australia.”
Addis said Impact Investing Australia was established in early 2014 in response to an industry-identified need to provide leadership, demonstrate demand, and remove barriers to the impact investing market, which is estimated to grow to at least $32 billion in Australia within the next decade.
“The organisation is focusing on delivering the Australian Advisory Board on Impact Investing’s Breakthrough Strategy, ‘Delivering on Impact’, launched in September, in addition to auspicing Australia’s participation in the Social Impact Investment Taskforce established by the G8,” she said.
“Australia faces some significant challenges around how to adequately fund our social services, and helping to find innovative solutions to this is an exciting challenge,” Daniel Madhavan said.
“I am looking forward to bringing my skills and knowledge across into a new arena – I’m coming from the oldest investment house in Australia operating in the most established markets, to one of the newest Not for Profit supporting the effort to build a market in its infancy.”