The social investment body Big Society Capital has promoted Stephen Muers to chief executive.
Muers, who joined BSC as head of strategy and market development in 2016, has been interim chief executive since the departure of Cliff Prior in May last year.
Before joining BSC, Muers was director of criminal justice policy at the Ministry of Justice and previously held positions in the Cabinet Office and the Department for Energy and Climate Change.
Sir Harvey McGrath, chair of BSC, said: “Stephen has shown great leadership throughout the last year, taking the helm at a difficult and critical time. We are confident that under his direction, Big Society Capital can deliver for all stakeholders in helping to build the social impact investment market to tackle social issues.”
Muers, who will officially take up the role on 1 May, said: “During my five years here, and especially in the last year as interim CEO, I have learned how much difference can be made to some of the biggest issues facing UK society if investment capital is connected to the right organisations in the right way.
“We are at a huge moment of opportunity to grow that impact many times over and improve more people’s lives. I am looking forward to working with the fantastic team here at Big Society Capital, as well as our wide range of stakeholders, to seize that opportunity and take social impact investing to a new level.”