Former Pakenham Secondary College student Daniel Madhavan has been appointed CEO of leading Australian impact fund manager Impact Investment Group.
Mr Madhavan joined the group on Monday 13 November 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.
He takes up his role as Impact CEO in January 2018.
Impact chairman Danny Almagor said Mr Madhavan offers extensive experience 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), Mr Madhavan 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.
“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,” Mr Almagor said.
“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 social and environmental impact, and to lead by example in using all of its resources to create a world people 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,” Mr Madhavan said.
“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.”
