The National Benevolent Charity (NBC) has been providing vital financial support to individuals and families in poverty since its founding in 1812. With a rich history of addressing critical needs, the charity operates across the UK, offering grants to individuals in crisis and organisations supporting anti-poverty initiatives, particularly in Gloucestershire, Wiltshire, Swindon, and Bristol.
NBC’s mission is to alleviate poverty through compassion, collaboration and openness, ensuring its values resonate in all its endeavours. In 2023, the National Benevolent Charity reported a total income of £867,742 and assets nearing £24 million, a testament to its enduring impact and financial stewardship.
Context.
With the current Chair of the Finance and Investment Committee approaching the end of their term and the National Benevolent Charity nearing the conclusion of its current strategic plan, the organisation sought a Trustee with exceptional financial expertise to chair the committee. This individual would need to bring both technical ability and a deep understanding of the communities the National Benevolent Charity serves while aligning with the charity’s values and preparing to guide the Board through its next strategic phase.
Brief.
The National Benevolent Charity required a new Chair for its Finance and Investment Committee who could drive strategic financial decisions, ensure ethical and effective asset management and strengthen the charity’s governance framework.
The ideal candidate was a qualified accountant with senior strategic leadership experience and a strong background in investment management. They needed to complement the expertise of the existing trustees while bringing fresh and diverse perspectives and an enthusiastic commitment to the National Benevolent Charity’s mission to combat poverty.
Process.
During the search, Peridot Partners reached out to over 300 individuals through a targeted approach, seeking candidates with both financial and investment expertise. A strong emphasis was placed on identifying individuals who could contribute diverse viewpoints and align with NBC’s values.
Outcome.
The search yielded seven applicants, all with relevant financial experience spanning both commercial and charitable sectors and lived experience of the communities and individuals that National Benevolent Charity supports.
The placed candidate appointed to the Board is a qualified accountant with significant expertise in both financial management and investment oversight. As the Chief Operating Officer of a large investment and asset management company, the candidate has extensive experience in asset management, hedge funds, private equity and family office space, as well as an understanding of corporate and charity governance.
“Todd really understood what we were looking for and kept us informed at all times about how the search was going. He was exceptional in his communications with us and in giving his thoughts and feedback when asked for. He did all this and presented us with an incredible selection of candidates. I would highly recommend.”
Ali Russell, Chief Executive Officer, National Benevolent Charity
