Wednesday 30 June
Ed Mayo, Secretary General of Co-operatives UK, has accepted the cdfa‘s invitation to become its new Honorary President. Ed takes over from Susan Rice, Chief Executive of Lloyds Banking Group Scotland, who has reached the end of her term in the role.
Accepting the Honorary Presidency, Mr Mayo said: “It’s a pleasure to have been asked to take over from Susan Rice in support of the invaluable work of the cdfa. The cdfa brings together a truly fantastic and heroic set of initiatives all devoted to putting money towards people-centred development, and that’s a very noble goal. It’s something I’m also really pleased to see having been involved in the early days of the CDFI sector.”
The outgoing President, Susan Rice, said: “I step down from my role as Honorary President of the cdfa with a sense of both pride and admiration for the work this sector, and a stronger belief than ever that CDFIs are an integral part of the financial landscape. I extend my warmest wishes to Ed Mayo as he takes up this mantle. And I would record gratitude, on behalf of all of us for the focused, pragmatic and indeed inspirational work of Bernie Morgan and her colleagues at the cdfa.”
Watch Ed Mayo give his views on the role for CDFIs in the modern economy: