Social impact investor Big Society Capital has promoted its head of strategy and market development Stephen Muers permanently to the role of chief executive officer.

Muers takes up the role permanently on 1 May, having joined the organisation in 2016 and leading it as interim CEO since last year.

Former civil servant Meurs previously held senior posts covering criminal justice policy as well as roles in the Cabinet Office and Department for Energy and Climate Change.

In addition, Meurs is a trustee of criminal justice watchdog Fair Trials International and chair of grant giver Friends Provident Foundation.

“We are confident that under Stephen’s direction, Big Society Capital can deliver for all stakeholders in helping to build the social impact investment market to tackle social issues,” said Big Society Capital chair Sir Harfey McGrath.

Myers added: “It is an honour and privilege to lead Big Society Capital, a unique and exceptional organisation.

“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.”

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