Social Finance
Board and Senior Management

Board and Senior Management

Here are the people who make it happen

Board

Bernard Horn - Chairman

Bernard Horn had a varied career with NatWest spanning 30 years, including six years as a Main Board Director of the NatWest Group (FTSE 100 Company). His roles included five years as Chief Executive of the International Businesses, and a similar period as Operations Director, responsible for Operations and IT. He led significant acquisition and disposal activity whilst with the bank.He is a graduate of the Advanced Management Programme at Harvard Business School. Since leaving NatWest he has developed a portfolio of activities acting both as Chairman and non-executive director, concentrating on smaller, entrepreneurial companies in consulting and software development, (some with Private Equity backing). He is also involved in an advisory capacity with a number of Charities and was an active member of the Commission on Unclaimed Assets.

Brian Bailey - Board Member

Brian was Director of Pensions, West Midlands Pension Fund from 2008–2012. From 1988 to 2008 he was Director of Finance for Wolverhampton City Council with responsibility for West Midlands Pension Fund, acting as Council’s Chief Finance Officer and managing a range of other functions such as IT, Property Management and Waste Management.Previously he held positions as Chairman of Trustees at Birmingham International Airport Limited Pension Scheme, Treasurer to the Local Authority Pension Fund Forum and client director of PIRC. Brian holds a Hons Degree in Chemical Engineering from Birmingham University and is a Qualified Accountant (CIPFA)

David Blood - Board Member

David Blood is co-founder and Senior Partner of Generation Investment Management. Previously, he spent 18 years at Goldman Sachs including serving as co-CEO and CEO of Goldman Sachs Asset Management from 1999-2003. David received a B.A. from Hamilton College and an M.B.A. from the Harvard Graduate School of Business. He is on the Board of New Forests, SHINE, Dialight, Ashden and The Nature Conservancy, as well as a Life Trustee of Hamilton College.

David Hutchison OBE - Chief Executive

David has been Chief Executive of Social Finance since May 2009.  Over this period, he has helped build Social Finance from a concept to a team of over 70 professionals drawn from social, public sector and financial backgrounds. Since May 2010, David has been General Partner for the Peterborough Social Impact Partnership – the initiative to finance a programme to reduce recidivism among short sentenced male offenders leaving Peterborough prison.  Investors in the partnership are rewarded if, and only if, the programme delivers a measurable reduction in re-offending.  The initiative has brought Social Finance significant national and international recognition.

Prior to joining Social Finance, David spent 25 years with Dresdner Kleinwort where he was most recently Head of UK Investment Banking and a member of the Global Banking Operating Committee, coordinating the bank’s activities in the UK across the full range of investment banking products.  David has a BA in History and Economics from Brasenose College, Oxford.

He is a non-executive Director of Start Up Loans, a government funded pilot to extend small loans to young people and help them start their own businesses, and 3i, one of the world’s leading international investors, with over £11bn of assets under management. David was awarded an OBE in June 2013 for his services to finance.

David Robinson - Board Member

David Robinson is a community worker, the Founder of Community Links and now its Senior Adviser (www.community-links.org). Community Links work with more than 30,000 people a year through an extensive network of community development projects in East London. This local experience is shared with policy makers and practitioners internationally through publications, training and consultancy.David is also the founder and, now chair of We Are What We Do (www.wearewhatwedo.org), co-founder of the Children’s Discovery Centre, and a founding Trustee of TimeBank. He worked with Gordon Brown on the Prime Minister’s book Britain’s Everyday Heroes and led the Prime Minister’s Council on Social Action where the development of the Social Impact Bond was first progressed.Other publications, alone or with others, include Unconditional Leadership, Living Values, Enduring Change and the bestseller Change the World for a Fiver. Recognition for David’s work includes an honorary doctorate from the Open University and an OBE. Current priorities include the development of new work on prevention and early intervention particularly focusing on “deep value” services.

Derrick Anderson CBE - Board Member

Derrick Anderson CBE, is Chief Executive of Lambeth Council since March 2006. He has over thirty years’ senior management experience in local government and more than 30 years in the public sector. Derrick was voted Public Leader of the Year in the Guardian Public Services Awards 2012. He was awarded a CBE for services to local government in January 2003.

Dr Alison Evans - Board Member

Dr Alison Evans was until recently Director of the Overseas Development Institute (ODI). She is an economist with extensive experience working in research, policy and evaluation and geographic experience in southern and eastern Africa, southeast Asia and the Balkans. Her career started teaching and researching at the University of Sussex. She later joined the World Bank, working in policy, country economics and evaluation. She joined ODI in 2006 as a Director of Programmes and became Executive Director in 2009, leading the organisation through one of its most rapid periods of growth and change. She stepped down as Director in April 2013. Currently working independently, Alison is a frequent advisor to senior decision makers across the bilateral and multilateral development system on issues of aid and development effectiveness. She is a Non-Executive Director of Oxford Policy Management (UK), vice-chair of the Board of Trustees of BBC Media Action, a member of the Danish External Grants Committee and a Board member of the North-South Institute in Ottawa, Canada.

Fiona Miller Smith - Chief Operating Officer

Fiona is COO of Social Finance and is also the director responsible for leading our enterprise advisory activities including our Investment Contract Readiness Fund and Big Potential work. Fiona is an experienced entrepreneur who has run three businesses over the last ten years in the profit and not-for-profit sectors creating significant economic and social value. Her early career was in finance at Goldman Sachs and Murray Johnstone Private Equity. She has an MA in History / International Relations from St Andrews University and an MBA from INSEAD. She is an adviser to Lotus & Co and Popscience.

Geraldine Peacock CBE - Board Ambassador

Geraldine was one of the founding Board members at Social Finance, having joined when it was formed in 2007. In 2014 she stepped down in an official capacity but continues to contribute her extensive skills and experience to the role of Ambassador.

Geraldine was appointed Chief Charity Commissioner and the Charity Commission’s first Chair in 2004, with the remit of making the Commission ‘fit for purpose’ to implement the new Charities Act. She left the Commission in July 2006, having laid firm foundations for the Charities Bill and with the Commission charged and invigorated to implement it. Before joining the Charity Commission Geraldine was CEO of two major charities, Guide Dogs for the Blind and the National Autistic Society, and Chair of ACEVO (Association of Chief Executives of Voluntary Organisations), Futurebuilders and Groundbreakers.

Geraldine now works independently both in the UK and North America bringing people together and inspiring them to look laterally at issues around social entrepreneurship, investment, leadership and governance for non-profit organisations. She is currently a Patron of Autism Speaks, the Rainbow Trust and the Community Development Finance Association (CDFA), is a Member of the Social Investment Task Force (SITF), and is also a Member of the Commission on Unclaimed Assets. Her most recent appointment is as a non-executive Director at Carbon Search, a new kind of executive search and leadership consulting firm.

Geraldine sits on the Board for Social Enterprise at Harvard Business School, where she lectures on the MBA programme. She is an Associate Fellow at the Skoll Centre for Social Entrepreneurship, sits on the Said Business School Board at Oxford, and is also a Visiting Fellow at the Centre for Charity Effectiveness, Cass Business School, London.

Peter Wheeler - Board Member

Peter Wheeler is Executive Vice President of the Nature Conservancy. He has had a long career as an investment banker having served as Head of Wholesale Banking at EMEA and Americas for Standard Chartered, and as a partner at Goldman Sachs, working initially in New York, then based in Hong Kong where he established the firm’s Investment Banking business for Asia outside of Japan. He was the firm’s first Chief Representative in Beijing.

In his post-banking business life, Peter was a seed investor and Board member of Climate Change Capital until it was sold to Bunge in 2012. He is an active angel investor and sits on the Board of Rift Valley Corporation, a dynamic African agro-industrial enterprise which owns and operates a diversified portfolio of subsidiary companies across seven operating platforms in three countries in Eastern and Southern Africa.

Peter is a co-founder and trustee of New Philanthropy Capital, a charity that works as a consultancy and think tank, dedicated to helping charities and funders achieve the greatest impact so the lives of the people they serve are improved. He has recently served on the Board of the Young Foundation (as Chair) and Virgin Unite. Peter is also a conservation fellow of the Zoological Society of London.

Robert Gillespie - Board Member

Robert Gillespie is the former Director General of the Takeovers and Mergers Panel, senior Managing Director of Evercore Partners and former Global Head of Investments at UBS following a 27 year career in the investment bank. Currently Robert serves as Chairman of Somerset House, Durham University Council and the Boat Race Company.

Sir Ciarán Devane - Board Member

Sir Ciarán Devane is the Chief Executive of the British Council. Sir Ciarán was educated at University College, Dublin where he gained first class honours in biochemical engineering.   He also holds a Masters Degree in International Policy from George Washington University, Washington DC.  He worked for ICI for 8 years before joining Gemini Consulting. Sir Ciarán served as  Chief Executive of Macmillan Cancer Support from 2007-2014.  He co-chairs the National Cancer Survivorship Initiative and is a trustee of the National Council for Voluntary Organisation and the Makaton Charity.  In January 2012, Sir Ciarán was appointed as a Non Executive Director of NHS England. In 2015 he received a Knighthood in the Queen’s Birthday Honours for his services to cancer patients.

 

 

Toby Eccles - Development Director

Toby founded Social Finance in 2007. There are now 70 professionals working in Social Finance UK with sister organisations in the US and Israel, and partnerships with intermediaries in Canada, South Africa, Brazil and Portugal. As Development Director his focus is on new initiatives for the organisation and innovation. He led teams that developed the Social Impact Bond model, from initial concept to the first implementation at Peterborough prison; the first local authority Social Impact Bond in Essex focused on Children in Care; designed the Social Outcomes Fund for the Cabinet Office, the first centrally pooled fund for Impact Bonds; catalysed Development Impact Bonds in partnership with the Center for Global Development; worked with the Inter-American Development Bank on Impact Bond strategies for Chile, Mexico and Brazil; and launched Social Finance Digital Labs, our new business area focused on improving services through generating insight from local government data.

From 2005, he acted as secretariat for the Commission on Unclaimed Assets, which recommended the creation of a Social Investment Bank that later became Big Society Capital. Prior to this, he was Director of Research at ARK, a child focused foundation, where he built programmes around education in the UK and communities with high levels of HIV/AIDS in South Africa. In the commercial world, Toby worked in corporate finance at UBS Warburg, and built a next generation internet protocols business for Data Connection, a leading UK software company. Toby holds a BA in Maths from St. Edmund Hall, Oxford.

Victoria Hornby - Board Member

Victoria is Director of Grants at the The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry and Adviser to the Charles Dunstone Charitable Trust. Her areas of work include disadvantaged young people, criminal justice, the environment, international development, palliative care, disability and social investment.Prior to joining the Foundation, Victoria was an Executive at the Sainsbury Family Trusts and the CEO of an operational international development charity. She began her career as Field Director of an aid agency, living and working in Eastern Europe for four years. Alongside her day jobs, Victoria is also a trustee of the Bridges Charitable Trust.

Senior Management

Alisa Helbitz - Director of Research and Communications

Alisa joined Social Finance in 2010 as Director of Research and Communications. She leads all our communications and external affairs work. Prior to joining Social Finance, she acted as Sir Ronald Cohen’s Head of Communications and aided him in his capacity as Chair of the UK Social Investment Task Force, Chair of Bridges Ventures, Chair of the Commission on Unclaimed Assets (which recommended the establishment of the Social Investment Bank, renamed Big Society Capital) and Chair of the Community Development Finance Association. Alisa has nearly 20 years of experience in Communications, including serving as the British Embassy’s spokeswoman in Tel Aviv between 1999-2005.

Annika Tverin - Director

Annika joined Social Finance in September 2008 with extensive experience of advising clients on the process of raising equity capital. Notable equity capital raising transactions include the Initial Public Offerings of Telia (Sweden), Statoil (Norway) and Orange (France) and the rights issue of Ericsson. Prior to joining Social Finance, Annika worked as a Director in the Equity Capital Markets departments of Credit Suisse, ABN AMRO Rothschild and Morgan Stanley. She started her investment banking career in Mergers & Acquisitions at Morgan Stanley and worked for London-based strategy consulting firm LEK Consulting prior to becoming a banker. Annika holds a BA and MA degree in Economics from the US and an MBA (Hons) degree from INSEAD, France.

Ben Jupp - Director

Ben Jupp is a Director at Social Finance. He leads Social Finance’s work on investment in health and social care, as well as supporting commissioners develop their full range of services.

Prior to joining Social Finance in 2011, Ben was Director of Public Services Strategy at the Cabinet Office. In that role Ben led work across Government to improve public services, such as through developing more personalised health and education services and shifting more transactional services on-line. In the civil service, he has also been Director of the Office of the Third Sector in the Cabinet Office, responsible for policy and support for the voluntary and community sector and social enterprises, and head of strategy at the Home Office.

Ben’s previous experience includes leading research on welfare, health and regeneration policy at the think tank Demos and working in the NHS. He is a senior visiting fellow at the Nuffield Trust and involved in the management of a number of local public services.

Clodagh Warde - Director

Clodagh joined Social Finance in February 2015. She is responsible for the Care & Wellbeing Fund, working with commissioners and social enterprises to develop innovative, outcomes based services. Before joining Social Finance Clodagh worked in health, both in advisory and leadership roles in the UK and abroad. Most recently she was a Senior Adviser in NHS England, prior to which she was Managing Director of an NHS CSU (Commissioning Support Unit). She was also Deputy and Interim CEO of a large Community NHS trust (4,500 staff) where she gained valuable insights into the realities of care provision, patient experience, and system integration. Clodagh also spent three years working with a HIV/AIDS community care program in Uganda that became the first NGO to dispense ARVs (anti-retrovirals) and was recommended by President’s Bush PEPFAR (President’s Emergency Plan For AIDS Relief) fund as a model of best practice.

Clodagh started her career as a systems engineer before developing a career in banking, as an Executive Director at Goldman Sachs and Lehman Brothers. She received her MBA from Saïd Business School, Oxford University, and holds both a degree in Information Technology and an ACCA (accounting) diploma.

David Hutchison OBE - Chief Executive

David has been Chief Executive of Social Finance since May 2009.  Over this period, he has helped build Social Finance from a concept to a team of over 70 professionals drawn from social, public sector and financial backgrounds. Since May 2010, David has been General Partner for the Peterborough Social Impact Partnership – the initiative to finance a programme to reduce recidivism among short sentenced male offenders leaving Peterborough prison.  Investors in the partnership are rewarded if, and only if, the programme delivers a measurable reduction in re-offending.  The initiative has brought Social Finance significant national and international recognition.

Prior to joining Social Finance, David spent 25 years with Dresdner Kleinwort where he was most recently Head of UK Investment Banking and a member of the Global Banking Operating Committee, coordinating the bank’s activities in the UK across the full range of investment banking products.  David has a BA in History and Economics from Brasenose College, Oxford.

He is a non-executive Director of Start Up Loans, a government funded pilot to extend small loans to young people and help them start their own businesses, and 3i, one of the world’s leading international investors, with over £11bn of assets under management. David was awarded an OBE in June 2013 for his services to finance.

Emily Bolton - Director

Emily is a Director at Social Finance. She leads the Impact Incubator which partners with foundations to develop “game changing” solutions to entrenched social problems.
Emily joined Social Finance in November 2008. She led the development of the first Social Impact Bond in Peterborough. She also developed new models focused on recovery from addiction, rehabilitation of offenders and financial inclusion.

Emily has been working at the intersection of business and social change for over a decade. Prior to joining Social Finance, Emily worked at REDF, a venture philanthropy fund is San Francisco with a mission to create jobs for people with the greatest barriers to work. There she partnered with high potential nonprofits to develop businesses that provide an access route to the workplace. Emily started her career as a strategy consultant with a focus on financial services and worked with a range of retail finance institutions.

Emily has a BA in Natural Sciences from Cambridge University and an MBA from Berkeley where she received a full merit scholarship. Emily is a trustee of CAADA, a charity working to improve the safety of all survivors of domestic violence.

Fiona Miller Smith - Chief Operating Officer

Fiona is COO of Social Finance and is also the director responsible for leading our enterprise advisory activities including our Investment Contract Readiness Fund and Big Potential work. Fiona is an experienced entrepreneur who has run three businesses over the last ten years in the profit and not-for-profit sectors creating significant economic and social value. Her early career was in finance at Goldman Sachs and Murray Johnstone Private Equity. She has an MA in History / International Relations from St Andrews University and an MBA from INSEAD. She is an adviser to Lotus & Co and Popscience.

Gretchen Crosby Sims - Director

Gretchen Crosby Sims joined Social Finance as a Director in February 2015.  She is focused on expanding Social Finance’s advocacy and policy efforts to support and encourage those seeking to redesign public services through outcomes based commissioning. She is also engaged in supporting specific projects in children, family, and education related areas.

Gretchen’s career prior to Social Finance has focused on identifying and scaling social interventions to improve people’s lives, and to promoting supportive public policies.  Most recently, she was the chief program executive at The Joyce Foundation, a private foundation in the US with assets of $900 million and $40 million in annual grant making. At Joyce, she oversaw strategy and impact evaluation process for seven grantmaking programs – education, environment, employment, gun violence prevention, democracy, culture, and special opportunities – and helped win evidence-based social policy changes in numerous issue areas. In earlier roles, Gretchen led Joyce’s K-12 education grant making and served as Director of Strategic Initiatives.  Gretchen has also worked at the Council on Foreign Relations, CNN, Harvard’s Kennedy School of Government, and as a policy adviser to presidential candidate Bill Bradley. She holds PhD and MA degrees in political science from Stanford University and a BA in government from Harvard University.

Jane Newman - International Director

Jane joined Social Finance in 2012 as International Director. She leads work on developing an international network of impact investment intermediaries to develop Social Impact Bonds. She joined from The Social Investment Business, the UK’s largest social investor, where she was Director of Governance and Company Secretary; prior to which she was a senior corporate partner at a leading international law firm, Simmons & Simmons, where she advised a wide range of clients across the commercial and financial sectors. She has broad international experience, leading transactions in a range of jurisdictions, and also held positions as managing partner of Simmons & Simmons’ German operations and as head of its Mainland China office.

Jane studied law at Birmingham University and at Lincoln College, Oxford.  She is a qualified solicitor. She is also a board member of the European Venture Philanthropy Association and is a member of GECES – the European Commission’s expert group on social entrepreneurship.

 

Janette Powell - Director

Janette Powell joined Social Finance on 1st July 2010 and leads the implementation of the first Social Impact Bond to reduce re-offending. She has 17 years experience working with vulnerable adults and families facing homelessness and social exclusion. She holds a degree in Housing & Social Work and is a corporate member of the Chartered Institute of Housing. For the last 8 years she has specialised in managing services for offenders, both within a custodial setting and in communities. She has worked within the statutory and voluntary sectors including roles with a Regional Director of Offender Management Office and NOMS National Operations Group. Prior to joining Social Finance Janette led an innovative community project for prison leavers across the South East Region, on behalf of the Ministry of Justice.

Jonathan Flory - Director

Jonathan Flory is Director at Social Finance Limited. He works across a number of social impact areas including criminal justice, welfare/work, youth, homelessness and the arts. He acted as adviser to Big Society Capital on its establishment. Jonathan is a Director of four SIB project companies which aim to improve educational and employment outcomes for young people and adult homeless.

Prior to joining Social Finance in 2011, Jonathan served as Acting Director of Pro Bono Economics, a charity which introduces economists to charitable organisations to help address questions around measurement, results and impact. Previously he spent over 25 years as a Corporate Finance adviser within the investment banking sector, principally at Dresdner Kleinwort.

Jonathan holds a MA from Pembroke College, Cambridge.

Lisa Barclay - Director

Lisa is a Director at Social Finance having joined the team in September 2010. She leads our work on Social Impact Bond development around children and families. She joined from Bridges Ventures where she was an Assistant Director. There, she focused on making private equity investments which would yield both financial and social returns. Prior to this Lisa founded an e-government software business and worked as a strategy consultant for Marakon Associates. Lisa started her career as a public policy advisor focusing on Treasury, Transport and Employment policy areas. She was a Special Advisor at the Department for Education and Employment. Lisa holds a BA in Social and Political Sciences from Cambridge University and a MBA from London Business School.

Louise Savell - Director

Louise is a Director at Social Finance with a focus on the development and delivery of new initiatives. In this capacity, she plays a significant role in the strategic development of Social Finance. Louise helped establish the organisation in 2007 and played a key role in the development of the Social Impact Bond approach. She has also led much of Social Finance’s research, policy and financial inclusion work. Before joining Social Finance, Louise was Programmes Manager at ARK, a child-focused foundation raising money from the hedge-fund industry. There she focused on supporting Eastern European governments to reform their child welfare systems. She started her career in East Africa researching and developing youth HIV/AIDS prevention programmes. Louise was a Scholar at the University of Oxford, where she received a BA in Philosophy, Psychology & Physiology and an MPhil in Development Studies. She also holds a post-graduate diploma in Voluntary Sector Management from the Cass Business School.

 

Marta Garcia - Director

Marta is leading Social Finance’s work in Latin America, with a focus on Mexico, Brazil and Chile, and contributes more broadly to our international practice. Marta brings a hybrid set of skills to Social Finance, with extensive private sector experience in strategy consulting (Boston Consulting Group) and commercial banking (Capital One Bank), and deep expertise supporting the growth, sustainability and impact-creation capabilities of non-profit organisations (UnLtd, The Bridgespan Group, Leaders’ Quest Foundation, Population Services International). Marta is a Spanish national, though her career spans several countries and cultures, and is motivated by achieving tangible impact for beneficiaries. She has a BA in Economics and Business Administration from UAM (Spain) and an MBA from Stanford University. Marta is a Trustee of FPA, a UK-based sexual health charity.

Martin Rich - Sales Director

Martin joined Social Finance as a Director in April 2009. He focuses primarily on developing the investor base for social impact investments and structuring products to link capital with demand. Martin spent over 12 years in international investment banking working on structured debt and derivative products. His last role was in HSBC’s Financing Solutions Group with responsibility for structured financing and hedging solutions for clients across the EMEA region. He was previously in charge of sales for the Pensions Solutions Group and responsible for developing the European Corporate Liability Solutions marketing team with a specific focus on the development of the bank’s inflation-linked capabilities. Prior to this, Martin was Head of UK Corporate Risk Management Sales at JP Morgan. His career started at UBS Warburg in interest rate derivative sales.

Martin has a passion for international development and poverty relief.  He is Chair and Co-Founder of the Future-Fit Foundation, a member of the Assets and Liabilities Committee for The Social Investment Business and the Panahpur Investment Committee.  He is also a Trustee of the Access Foundation and a member of Christian Aid’s “In Their Lifetime” Directorate.  Martin was formally a member of the Asset Allocation Working Group for the G8 Social Investment Task Force.  He holds a double-Masters in Engineering from Queens’ College, Cambridge.

 

Peter Nicholas - Director

Peter has over 25 years of management and project experience at the World Bank, including serving as Director of a five country Department in Southern Africa. He has focused on delivering projects with measurable and sustained impact, and on results-based country strategies. His experience ranges from environmental assessments to budget management, and from community-based social projects to the fiscal impact of mining investments. He has worked with countries in Africa, South Asia and the former Soviet Union, specialising in the development challenges of low-income and fragile states. He is also a Trustee of BRAC UK. Peter holds an M.Phil in Economics and a D.Phil in Philosophy from Oxford University.

Stephen Brien - Consultant

Stephen is a Director, and joined Social Finance in March 2014.  His focus is on commissioner advisory work, including SIB development. He has a particular interest in exploring ways of scaling proven interventions and reducing the barriers which constrain the ability of commissioners to deploy these effectively.

Stephen worked at Oliver Wyman, the strategic management consultancy, between 1997-2011. He was made partner in 2003 and was head of the London office from 2004 to 2008. Between 2011-2013, he was Expert Adviser to the Secretary of State at DWP. He is also a Board Member at the Centre for Social Justice. He has a B.Sc from University College, Dublin and a D.Phil in Computation and M.A in Law from Christ Church, Oxford.

 

Toby Eccles - Development Director

Toby founded Social Finance in 2007. There are now 70 professionals working in Social Finance UK with sister organisations in the US and Israel, and partnerships with intermediaries in Canada, South Africa, Brazil and Portugal. As Development Director his focus is on new initiatives for the organisation and innovation. He led teams that developed the Social Impact Bond model, from initial concept to the first implementation at Peterborough prison; the first local authority Social Impact Bond in Essex focused on Children in Care; designed the Social Outcomes Fund for the Cabinet Office, the first centrally pooled fund for Impact Bonds; catalysed Development Impact Bonds in partnership with the Center for Global Development; worked with the Inter-American Development Bank on Impact Bond strategies for Chile, Mexico and Brazil; and launched Social Finance Digital Labs, our new business area focused on improving services through generating insight from local government data.

From 2005, he acted as secretariat for the Commission on Unclaimed Assets, which recommended the creation of a Social Investment Bank that later became Big Society Capital. Prior to this, he was Director of Research at ARK, a child focused foundation, where he built programmes around education in the UK and communities with high levels of HIV/AIDS in South Africa. In the commercial world, Toby worked in corporate finance at UBS Warburg, and built a next generation internet protocols business for Data Connection, a leading UK software company. Toby holds a BA in Maths from St. Edmund Hall, Oxford.

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