Impact Investing chief to depart

Impact Investing Australia chief executive Sally McCutchan will step down next month.

McCutchan first joined Impact Investing Australia in 2017 and, during her time, helped normalise the term impact investing 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," wrote Impact Investing chair Richard Brandweiner in a statement announcing the move. "On Sally's watch, Impact Investing Australia has supported 68 social enterprises to raise over $150m in capital and was twice awarded the industry Impact Market Builder of the Year. As a member of the Global Steering Group for Impact Investment, Sally has influenced global impact solutions and co-authored a seminal report on impact investment wholesalers to catalyse the for-purpose market.

"She has shown an incredible commitment to drive better outcomes for communities in Australia and the region through her work here and as a board member of several other not-for-profits including Oxfam Australia and ygap."

McCutchan is currently a director and chair of the finance, risk, and audit committee with Oxfam Australia and was previously a director for Millennium Services Group. As an executive, she spent several years with Accenture as the regional lead for Value Lab and spent more than 12 years as a fund manager with Legg Mason.

Impact Investing Australia says they will begin recruiting for a new chief executive in the coming weeks.