Big Society Capital is delighted to announce that Harvey McGrath, a leading philanthropist and the former Chairman of Prudential and Man Group, has been appointed to the Board of Big Society Capital and will assume the Chair on 1st January 2014.
Harvey McGrath will succeed Sir Ronald Cohen in line with the founding plan of Big Society Capital that Sir Ronald would serve as Chairman until Big Society Capital was fully operational.
Harvey McGrath, said:
“I have been closely involved for ten years with social impact investment. I am excited to have this opportunity to contribute to Big Society Capital’s leadership in driving entrepreneurship and innovation in tackling social issues.”
Sir Ronald Cohen, said:
“I am delighted that Harvey McGrath has agreed to serve as Chair. He has extensive philanthropic and investment experience and is a firm believer in impact investment. After handing over the Chairmanship on 1st January 2014, I much look forward to working with him and the rest of the Board. Big Society Capital has developed into a powerful force driving social improvement in the UK and I have been privileged to be its founding Chair”.
Nick O’Donohoe, CEO of Big Society Capital, said:
“Over the past two and a half years under Sir Ronald we have built a strong foundation at Big Society Capital. The addition of Harvey with his extensive financial and social sector experience will further enhance our ability to build a strong social investment market that addresses the key social issues in the UK.”