Impact Investing Australia CEO to step down

Impact Investing Australia has announced that its CEO, Daniel Madhavan, will step down from the top job, effective 31 March 2017.

Madhavan joined as CEO in October 2014. He leaves the organisation to "explore new opportunities in the impact investment space."

Prior to his time with Impact Investing Australia, he spent 12 years at JBWere, where he worked in a variety of roles.

Impact Investing Australia will not be replacing the CEO role, but executive director, Sally McCutchan will take over the leadership responsibilities, effective 1 April 2017.

Commenting on his departure, Madhavan said: "It has been an enormous pleasure to lead Impact Investing Australia over the past three years."

"We've been able to play a significant role in the market development and realising greater opportunities for private capital to deliver social and environmental impact."

Madhavan will continue his involvement with Impact Investment Australia in a voluntary capacity following his departure.