CEO Monthly Issue 9 2018

CEO MONTHLY / ISSUE 9 2018 5 , Following reports that Jean-Claude Junck- er has dismissed the government’s Brexit plan, and with a ‘no deal’ scenario looking more likely than ever, John Galvin, Founder and CEO of Galvin International, says that he has seen a dramat- ic rise in the number of UK busi- nesses enquiring about moving overseas. John Galvin said: “The Brexit secretary, Dominic Raab, can try and talk down any suggestion that Brexit is bad for business, but we’ve seen a significant num- ber of companies concerned that we will be leaving the EU without a deal in place. A weak pound, which dropped in value after the Brexit vote, has for many compa- nies, made the UK a less profita- ble place to do business. “We’re receiving more enquiries than ever before from companies who want to set up overseas, with the Netherlands and Ireland prov- ing popular, given their access to the Single Market and Customs Union, and good transport infra- structure. Galvin International provides ad- vice and support to organisations looking to expand or relocate overseas. The award-winning expert add- ed: “Rather than seeing business bosses looking to grow their com- panies, we’re seeing CEOs look- ing to protect their existing busi- ness by setting up a base in the EU. I think that speaks volumes about the concerns that many businesses have around Brexit.” In conjunction with this, John Gal- vin and his team have seen an in- crease in business CEOs looking to move part of their operations into the EU, streamlining their companies during this uncertain period. John Galvin added: “Companies are assessing every area of their operations, to find the most sus- tainable way forward for them once we leave the EU. When businesses are forced to acceler- ate their plans like this, they want to know that they have the right framework in place, especially as they expand into unknown new countries.” In his time at The Joseph Rowntree Foundation, Danyal has cemented a reputation as one of the most respected leaders in the impact investment sector. During his tenure, the organisation allocated £15m to directly invest in charities and social enterpris- es, in line with their solving UK poverty mission. He was one of the six co-conven- ers of the Social Impact Investors Group, which coordinates social investment activity amongst UK trusts and foundations. Previously to The Joseph Rown- tree Foundation, Danyal worked for Big Society Capital and the Access Foundation for Social Investment. Danyal spent time at Esmee Fairbairn Foundation managing their social investment fund and environmental grant making. Prior to that, he held a position at Charity Bank in the lending team. He has also held roles at the Brussels-based network International Associ- ation of Investors in the Social Economy, the UK Sustainable Investment and Finance Associ- ation, local investment fund the Aston Reinvestment Trust, and at the think-tank New Economics Foundation. Danyal will start in the role Chief Executive Officer of Big Issue Invest on 3 December, 2018. Danyal Sattar said of his new role: “Big Issue Invest’s focus on supporting enterprising solu- tions to help people move out of poverty is an effort I’m delighted to join. As a social investor, I like being part of an organisation where a deep social mission is hardwired into the organisation, which couldn’t be truer than at Big Issue Invest. Above all, I Award-Winning CEO Warns Businesses Are Flocking Overseas As Brexit Uncertainty Rises Big Issue Invest has announced the appointment of Danyal Sattar as its newChief Executive Officer. Danyal joins the social investment armof The Big Issue fromThe Joseph Rowntree Foundation, where he held the role of Head of Social Investment. UK companies are looking to streamline their organisations andmove overseas in response to Brexit uncertainty, according to international business expert John Galvin. have been lucky enough to work with some great people over the years, so the team is a real draw to working with Big Issue Invest.” Nigel Kershaw, Chair of The Big Issue Group, said: “Danyal is one of the most respected pioneers and leaders in social and envi- ronment investment. For more than 25 years, he has helped create and forge our sector and I am so excited to have him onboard to play an instrumental part in The Big Issue Group’s mission to dismantle poverty in the UK.” He added: “We are also de- lighted to announce that Daniel Wilson-Dodd, Head of Lending, will assume the role of Deputy Chief Executive. Danny originally joined Big Issue Invest in 2012 as an Investment Analyst and has built a strong and innova- tive track record in lending and investment, including working on the creation of new offerings. “We believe Danyal, Danny and the SMT will be a formidable leadership team, building on the great work of all our staff past and present at BII and the invaluable support we have had from the organisations we have helped over the last 13 years.” Big Issue Invest provides finance and support to social enter- prises and charities seeking to dismantle poverty and create opportunity for people across the UK. It invests between £20K and £3 million in organisations seeking repayable financing options, helping them to scale up and maximise their social impact. Since launching in 2005, BII has have invested in over 350 organisations, all of which have positively influenced the lives of people across the UK. BII currently manages or advises on £192 million of social funds.