Charity Bank announces Big Issue Invest’s Ed Siegel as new CEO
Ed Siegel of Big Issue Invest is today announced as the new CEO of Charity Bank.
He will take over from current CEO Patrick Crawford, who will retire this summer after almost six years at Charity Bank.
“It is a privilege to remain within the social finance sector, supporting those organisations who work tirelessly to make the world a better place”
Siegel has been managing director at Big Issue Invest, the social investment arm of Big Issue Group, since 2008, which now has more than £65m under management.
Charity Bank is an ethical bank which lends solely to charities, social enterprises and other social purpose organisations. Drawn loans currently stand at £120m.
Siegel has more than 30 years of corporate banking, social investment and business consulting experience. Before joining Big Issue Invest, he oversaw the implementation of financial programmes throughout the developing world with Enclude (formerly ShoreBank International).
Using this experience, Siegel said he hoped to continue growing Charity Bank’s loan book and present ethical banking to a wider audience when he joins at the end of July.
Siegel said: “I am delighted to be taking on this role during such an exciting phase of growth for the bank. Charity Bank has a well-earned reputation and one of the strongest brands in our sector. Its mission to use money for good was a key factor in my decision to pursue this opportunity. The bank’s community of borrowers, savers, investors and its team are all working towards one goal – to help strengthen charities and social enterprises so that they can create lasting social change.
“It is a privilege to remain within the social finance sector, supporting those organisations who work tirelessly to make the world a better place.”
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