The Impact Investing Australia CEO is to step down next month. He is leaving the organisation to explore new opportunities in the impact investment space.

Impact Investing Australia has announced that its Chief Executive Officer (CEO), Daniel Madhavan, will be stepping down from the role at the end March 2017. Madhavan joined as CEO in October 2014, the group said in a statement.

Prior to his time with Impact Investing Australia, he spent 12 years at wealth management firm JBWere working in a range of roles including as an Investment Advisor, Head of NSW, Chief Operating Officer and Acting CEO.

Impact Investing Australia will not be replacing the CEO role, but Executive Director, Sally McCutchan will take over the leadership responsibilities effective 1 April 2017.