New CEO named for Impact Investment Group
Established impact investment leader takes the helm.
Daniel Madhavan has been announced as Chief Executive Officer of Impact Investment Group.
Madhaven joins the team after a distinguished 12-year career at JB Were and Goldman Sachs JB Were where he served in a variety of roles including as Acting CEO, Chief Operating Officer and Head of NSW. Madhaven brings extensive experience in leading large teams, managing complex investment portfolios and developing diverse investor communities including family offices, high net worth individuals and institutional investors.
Following his time at JB Were (2002 – 2014), Madhaven served as the founding CEO of Impact Investing Australia, an independent organisation dedicated to growing opportunities for investments that deliver positive social and environmental impact, alongside financial return. In this role Daniel helped to grow and mature the now thriving impact investment scene in Australia.
“Daniel has the unique combination of deep experience in the existing financial system plus a clear vision for what is coming next: a humane economy driven by social responsibility and environmental sustainability,” said Danny Almagor, Chair of IIG.
“Daniel brings such an impressive record as a leader in the financial services industry and the impact investing sector. We can’t wait to get started.”
Impact Investment Group (IIG) is a leading Australian impact investment funds manager and co-investor. The company mission is to shift capital towards investments that blend financial returns with deep social and environmental impact, and to lead by example in using all of its resources to create the world we want to live in.
“The impact investment sector is growing rapidly; rising to meet the social and environmental challenges that will continue to confront us over time,” said Madhavan.
“I have spent time at the helm of one of the oldest investment houses in Australia, and through this experience grew to understand the true power and importance of finance in our society. I look forward to joining a team that is harnessing this power to build a more equitable, sustainable and prosperous economy together. The horizon is full of opportunity for those dedicated to building a better world.”
Daniel begins with IIG on Monday 13 November and takes up his role as CEO in January 2018.