The Big Society Trust is to be headed up by former National Council for Voluntary Organisations (NCVO)’s chief executive Sir Stuart Etherington amid a rebrand to reflect its wider remit.
The Trust was first established in 2011 to oversee the work of Big Society Capital, which uses unclaimed assets from bank and building society accounts for social investment.
But since then the Trust has grown in scope to oversee the work of three other unclaimed assets organisations.
To reflect this wider remit it is to be rebranded as The Oversight Trust – Assets for the Common Good.
“I’m delighted to be taking the chair of The Oversight Trust at this critical period role,” said Etherington, who takes over from Big Society Trust acting chair Robin Budenberg.
In addition, there will be four new appointments to the Trust’s board. These are: Clara Barby, chief executive of Impact Management Project; Vine Trust Group chief executive Kevin Davis; United Response vice-chair Helen England; and Andrew Rose, former chief executive of the government’s now defunct Homes and Communities Agency.
The other organisations the Trust oversees are: Access – the Foundation for Social Investment, which focuses on enterprise development; Fair4All Finance, which looks at financial resilience among vulnerable people; and Youth Futures Foundation, which has a remit to help young unemployed people find work.
Etherington retired as NCVO chief executive last year, after 25 years leading the organisation.
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