Nick O’Donohoe is the chief executive of Big Society Capital (formerly Big Society Bank). At the end of 2010 the government asked him to advise it on the establishment of the organisation.
He spent 15 years at JP Morgan and was global head of research from 2005. He also supervised the companies social finance group and led research studies on microfinance and impact investing as an asset class. Before that he worked at Goldman Sachs for 14 years.
He has a BA from Trinity College Dublin and an MBA from the Wharton School, University of Pennsylvania.
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Big Society Capital launched its first annual report last night, which shows it has delivered £39m of capital to 15 social investment finance intermediaries, which have so far benefited 23 frontline organisations.
Big Society Capital will focus on unsecured lending for the charity sector and helping communities take over assets, over the coming months.
Sir Ronald Cohen plans to step down as chairman of Big Society Capital at the end of this year, but intends to remain on its board.
The social investment sector has welcomed the news today that government will introduce a new tax relief for social investment in the Finance Bill 2014.
Up to £480m of new social investment could be generated from high-net-worth individuals over the next five years by adapting existing tax reliefs to encompass social investors, according to new research.
Thirty-three philanthropists, who have collectively given more than £100m, have been honoured for their commitment to giving in an awards ceremony in London last night.