Investing for Good plans to launch large bond programmes this year

The organisation's chief executive, Geoff Burnand, is also to be director of fund development at the Social Investment Business

Geoff Burnand
Geoff Burnand

The social investment broker Investing for Good expects to launch bond programmes worth tens of millions of pounds on behalf of several large charities in 2012, according to its chief executive and co-founder, Geoff Burnand.

The organisation has also announced that it will move into the offices of the Social Investment Business and Burnand will also take up the role of director of fund development at the SIB next month.

The two organisations have agreed to look at merger in the future, but will remain independent at present.

Burnand, who was previously chief investment officer at Charity Bank, told Third Sector he would be responsible for managing the development of new funds worth up to £10m this year, and further investment products in the future. He will also work on further bond issues.

Investing for Good supports a £20m bond programme for the disability charity Scope, which the charity announced last year. Burnand said two more issues on a similar scale were likely in the next couple of months. "Another couple might come to market in 2012," he said.

Burnand was not able to reveal the names of the charities involved.

In 2010, Investing for Good announced its intention to merge with Charity Bank. However, Burnand said the planned merger was "never consummated", partly because of reservations about the move on the part of the Financial Services Authority.

Jonathan Jenkins, chief executive of the Social Investment Business, said: "We believe there is significant opportunity to raise additional funds alongside those we currently manage, and Geoff is the ideal person to help us expand in this space."

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