social investment

The Social Investment Business announces strategic partnership with Investing for Good

15 February 2012

Geoff Burnand, co-founder of Investing For Good (IFG)

We believe there is significant opportunity to raise additional funds alongside those we currently manage, and Geoff is the ideal person to help us expand in this space.

Jonathan Jenkins, CEO, The Social Investment Business

The Social Investment Business (SIB) has announced the appointment of Geoff Burnand as director of fund development and a strategic partnership with Investing for Good CIC (IFG).

This partnership will involve SIB providing IFG premises within its London HQ for a minimum six month period, and allow both parties to investigate a more formal working partnership. Geoff will split his time between SIB expansion and expanding the IFG charity bond programme, which includes the Scope bond.
 
In June 2010 Investing for Good had mooted a merger with Charity Bank, but the deal never fully materialised.  Now Burnand will move from his current position as chief investment officer at Charity Bank, which he has held at the same time as running Investing for Good. Burnand confirmed he would be leaving his position of chief investment officer at Charity Bank on 2 March. His co-founder at IFG, Caroline Mason, has already moved from a position as chief operations officer at Charity Bank to COO at Big Society Capital.
 
Meanwhile, Charity Bank CEO Malcolm Hayday has also announced that he will step down this year.
 
The move also marks a shift in direction for the Social Investment Business who are widely associated with administering funding on behalf of government departments such as the Office for Civil Society and the Department for Communities and Local Government.
 
Newly appointed SIB CEO Jonathan Jenkins said of the partnership: 'I am delighted that we have someone of Geoff’s calibre and experience joining SIB. The role he fills will be crucial as we pursue our renewed focus on impact investment fund management. We believe there is significant opportunity to raise additional funds alongside those we currently manage, and Geoff is the ideal person to help us expand in this space.'
 
Matt Black met with Burnand in November to find more about the Scope charity bond, engineered by Investing for Good. Watch the video here:

 
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