Derek will provide strategic financial guidance on how to move our capital into communities more efficiently.
Bethesda, MD (PRWEB) June 30, 2014
Calvert Foundation announced today that it has hired Derek Strocher as its Chief Financial Officer, following a rigorous selection process. He will report to Calvert Foundation’s President and CEO Jennifer Pryce.
Strocher’s deep experience in corporate finance and deal structuring will support Calvert Foundation’s strategy of raising impact capital from individual and institutional investors, and expanding relationships with best-in-class lending partners that can deploy capital at scale in their target markets.
Jennifer Pryce said, “Derek is a financial leader and strategic thinker. He joins us at a moment when we’re evolving the way we move capital into communities to be more efficient and effective. As we seek to maximize the impact we can create, he will provide strategic financial guidance on how we grow relationships with our more established portfolio partners, while also continuing to invest in innovative, high-impact deals alongside other financing partners.”
Strocher also commented “It’s truly an exciting time to join Calvert Foundation. After decades of leadership in the impact investing field, Calvert Foundation is well placed to execute on its strategy of innovation. I am eager to bring financial solutions to our investors and borrowers alike that magnify the impact they create through the unique and powerful Calvert Foundation model.”
He will be responsible for overseeing all fiscal and fiduciary responsibilities for Calvert Foundation, including the supervision of the company’s finance and accounting and compliance functions, in conjunction with the Board of Directors and the Finance, Audit, Executive, and Investment Committees of the Board. Strocher will also oversee IT infrastructure and business systems functions company-wide.
Strocher’s previous experience includes leading innovative finance for the World Bank, managing the Corporate Finance Initiatives team at the Royal Bank of Scotland, and creating and managing a full capability treasury department at Brake Brothers Limited. He holds a Masters in Finance from London Business School, a Bachelor of Commerce from the University of Calgary, and is a licensed accountant.
About Calvert Foundation
Calvert Foundation enables people to invest for social good. Through its flagship Community Investment Note, Calvert Foundation has raised $1 billion in investment from more than 13,000 investors to invest in hundreds of nonprofits and social enterprises worldwide. Investor dollars empower women, fund the construction of affordable housing, provide loans to small business owners, increase access to healthcare, and support fair trade and sustainable agriculture.