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Ex-NAB CEO joins ethical investment house

 — 1 minute read

A former big four chief has been enlisted at specialist boutique Impact Investment Group, as its boss is set to depart.

Andrew Thorburn

Daniel Madhavan is stepping down from his role as chief executive of Impact Investment Group, after three and a half years at the helm.

Andrew Thorburn, former NAB Group CEO and Bank of New Zealand chief, will join the ethical investment house owned by the family office of Berry Liberman and husband Danny Almagor, as a part-time executive during the transition period. 

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Mr Almagor will also become executive chair. He stated Mr Madhavan had signalled his intentions to leave the group late last year.

The company has engaged Sayers Group to provide strategic advice. 

Following his term with NAB, Mr Thorburn has taken on a number of roles. He has been a director with climate fintech ATMOS Financial, a senior adviser for Boston Consulting Group, chair for vocational training provider Catalyst Education and executive director for another social impact investment firm, For Purpose Investment Partners.

 

Ex-NAB CEO joins ethical investment house
Andrew Thorburn
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

 

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