Charity Investment Conference 2012
15 Oct 2012
Malcolm Hayday
Malcolm Hayday has been chief executive of Charity Bank since 2002. In February 2012 he annoucned his intention to step down but will remain in post until a successor is found.
Since 2004 he has also been a director of INAISE, a global network of social finance organisations based in Brussels.
Before joining Charity Bank he was director of community finance and the Charities Aid Foundation.
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A survey commissioned by Charity Bank has found that more than 20 per cent of charities have suffered from the cancellation of contracts with businesses and government bodies during the last year.
Investing for Good, the social investment outfit that is behind the Scope charity bond, is to pursue a merger with the Social Investment Business after a proposed merger with Charity Bank fell through.
Malcolm Hayday has announced his intention to step down from Charity Bank, the social finance institution that he helped to set up ten years ago.
Charity Bank and its largest shareholder Charities Aid Foundation say they have considered but ruled out merging the bank with CAF Bank.
The Charity Commission is considering a request by Charity Bank to change its governing documents to allow it to distribute profits to its charitable shareholders, a decision that could have wider implications for all charitable companies.
New research from Charity Bank suggests that 78 per cent of people don’t know where their savings are invested and 49 per cent don’t care.
Figures from Charity Bank show deposits have grown by £6.3m in the first six months of this year as it records its first period of sustained profit.
In the current economic climate, fear of debt can be understood. But with the right kind of loan, charities can thrive - and have greater control over their future.
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