CDFA chief executive Bernie Morgan to step down in June

Governance | Vibeka Mair | 27 Apr 2011

Chief executive of the Community Development Finance Association, Bernie Morgan, is to leave the organisation in June after eight years at the helm.

Morgan leaves the Community Development Finance Association (CDFA) on a high note, after helping securing a £60m financial package through the Regional Growth Fund (RGF) this month, the single biggest financial investment in its history.

Morgan also successfully worked with the government to extend community investment tax relief (CITR), announced by the Chancellor in his recent Budget speech.

She is still undecided what role she will go to next but hopes to do something in which she can continue to support the sector, she said.

“After securing RGF financing and the extension of CITR, I have decided to step aside as CEO of the CDFA. I have greatly enjoyed my work helping to develop a sustainable CDFI sector over the last eight years and I am very pleased that the CDFA is now in a strong position to continue to represent the interests of its members. I remain committed to promoting affordable lending in the UK and will continue to support the sector’s development through new opportunities.”

Morgan will leave the association in June 2011 after its annual conference in Liverpool and will work actively with the board in the coming months to recruit a new CEO to ensure a smooth handover of her responsibilities.

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