Nick O’Donohoe, chair of the Dormant Assets Commission, has announced the other eight commissioners who will work alongside him to oversee the scheme.
The commission, which was announced in December, will unlock UK assets, such as stocks, shares, pensions and bonds, that have lain dormant for 15 years or more and redirect them to charitable causes.
The eight new commissioners, who all come from the finance or professional services sectors, will support O’Donohoe, former chief executive of the social investment wholesaler Big Society Capital, who had already been announced as the commission’s chair.
The new commissioners are: Richard Collier-Keywood, vice network chair at PricewaterhouseCoopers; Kirsty Cooper, group general counsel and company secretary at Aviva; Gurpreet Dehal, the former chief operating officer global prime services at Credit Suisse; Rachel Hanger, partner at KPMG; Jackie Hunt, non-executive director at CityUK and member of the Financial Conduct Authority Practitioner Panel; Mark Makepeace, group director of information services at the London Stock Exchange Group and chief executive of the FTSE Group; Susan Sternglass Noble, senior adviser to the Investor Forum; and Martin Turner, group business risk director at Lloyds Banking Group.
The Cabinet Office said the commissioners were all experts within the banking, investment management, insurance and professional services sectors.
According to the Cabinet Office, more than £1bn could be raised through the new commission, but some estimates suggest the final total could be significantly higher.
It will build on the work of the Dormant Accounts Scheme, which has raised more than £850m from dormant bank and building society accounts since its launch in 2008.
The new commission’s terms of reference, which were also released today, say recommendations on how dormant assets can be found and sourced will be presented to the Prime Minister and the Cabinet Office before the end of 2016.
O’Donohoe said the commission would build on the success of the Dormant Accounts Scheme.
"Each commissioner brings valuable experience and insight, which will ensure that no stone is left unturned in the search for additional sources of funding for good causes," he said.