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New Philanthropy Capital co-founder steps down

Resource type: News

Wealth Bulletin | [ View Original Source (opens in new window) ]

Gavyn Davies, the political and City veteran and co-founder of philanthropic think-tank New Philanthropy Capital, has stepped down.

Davies, former chairman of the BBC and now chairman of Fulcrum Asset Management and head of the Fulcrum Investment Committee, is leaving the consultant after eight years as a trustee.

He said in a statement issued by NPC: ‘I am extremely proud of the impact which NPC is making. We have been thought leaders in developing a methodology for measuring charity effectiveness, and we have increasingly been able to influence charitable flows and charitable activity for the better. The beneficiaries have been the people who really matter to NPC – those in need. I am excited by the prospect that NPC will make an even greater contribution in this vital area in the decade ahead.’

Peter Wheeler, co-founder, will now step up to chair NPC’s board of trustees full time. Wheeler is head of wholesale banking, West at Standard Chartered Bank and has a number of other philanthropic and social investment interests.

Other changes to the board include the appointment of a new trustee to the board, Peter Smitham, who is on the board of Atlantic Philanthropies and Marie Stopes International. He has been a partner at the private equity firm, Permira, since 1985 and the Chairman of Actis since 2005.

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