Farewell Daniel Madhavan

Our CEO of the last three and a half years.

Published: April 1, 2021

Our CEO, Daniel Madhavan, is resigning after three and a half years at the helm.

Under Dan’s exceptional leadership, IIG has worked to show how finance can be a force for good. He has led IIG as one of Australia’s most innovative and progressive impact investment businesses, and he’s played a lead role in growing Australia’s impact investment sector.

Dan advised me, late last year, of his intention to move on. Since then, we have been collaborating on how best to set up a smooth transition that positions IIG for its next chapter. That he offered his time to do this is a sign of his character and commitment – and I thank him for it.

As readers of this newsletter will be aware, Australia has never had a greater need for impact investing and there has never been more appetite for impact investing. Whether we’re focussed on climate action, or supporting a fair and inclusive society, our decisions around capital investment are crucial. We believe that IIG and our community can and must play an important role, and we see many opportunities for an innovative impact investment business. We believe you, as a reader of this newsletter, are part of that picture.

To lead IIG through the next phase, we are making a handful of additional changes. I will be stepping into an executive chair role, we have engaged Sayers Group to provide strategic advice, and Andrew Thorburn has also agreed to join IIG as a part-time executive through this transition period.

Andrew Thorburn’s name will be familiar to many in our community. He was the Group CEO of NAB from 2014 to 2019. Prior to that, he was CEO of Bank of New Zealand. Andrew has been part of IIG’s community for many years, is a committed impact investor, and is uniquely placed to take on this part-time executive role during the transition period.

Andrew and Sayers will work with me, the Board and executive team to work through our emerging opportunities and define IIG’s exciting next steps.

I hope you will join me in thanking Dan for his contribution.

– Danny Almagor