The chief executive of Impact Investing Australia is set to depart the organisation after four years in the top job.
Sally McCutchan will step down as CEO of Impact Investing Australia after presiding over a period of significant uptake of responsible and impact investing strategies in the Australian financial services.
“In her tenure we have experienced an acceleration of impact investing in Australia which is due in no small part to Sally’s vision and determination to grow the sector,” said IIA chairman Richard Brandweiner.
“Sally joined Impact Investing Australia at a time when the term impact investing was not yet part of the lexicon in Australia. Sally’s thought leadership and contribution to market building for better societal and environmental outcomes led to significant shifts in Australia’s impact investing market.”
Ms McCutchan started her career as an investment analyst at SBC Warburg and worked as a portfolio manager at Legg Mason for more than a decade. She has also held positions at Accenture and chairs the finance, risk and audit committee at Oxfam Australia, where she is also a non-executive director.
Under Ms McCutchan’s leadership, IAA supported 68 social enterprises to raise over $150 million in capital and was twice awarded the industry Impact Market Builder of the Year. IIA is currently searching for a new CEO.
“We will continue to advocate for change and to advance policy which will catalyse the flow of private capital towards social and environmental solutions. We will encourage governments to embed impact requirements as a condition of support measures and companies to embed impact principles into their decision making,” Mr Brandweiner said.