Duncan Power, Graduate of the Australian Institute of Company Directors, has over twenty years’ experience working in the not for profit and social enterprise worlds in a financial and advisory capacity.
Duncan joined British registered Bank Mercury Provident (now known as Triodos Bank) in 1989 as CEO following a career in Accountancy in New Zealand. The bank specialised in making loans to organisations that were for community benefit as well as being financially viable. During the 5 years he was at the helm of this bank, the balance sheet grew over 600%.
After 5 years in the role and overseeing the successful merger with Triodos, he was appointed by Charities Aid Foundation (CAF) in London as Manager responsible for establishing a social investment loan fund for Charities. Now registered as a bank itself (Charity Bank), the fund grew quickly following the success of getting 99.5 loans back out of the first 100 made, despite being unsecured and considered as being un-bankable deals by the UK banking community.
After three years in the role Duncan was yearning to come back to the Southern Hemisphere and put forward a business development plan to establish CAF in Australia finding the necessary matched funding for CAF in the UK to give their backing to the venture. Ten years with Duncan as CEO, CAF in Australia has facilitated grant making to the Not for Profit organizations in Australia and the Asian region of over AUD120 Million. Annual donations facilitated in Australia amounting to nearly 1% of total Australian tax deductible donations by 2009.
Duncan also headed-up CAF’s Asian grants management work that made grants to developing world Asian projects that have positively influenced over 1 Million peoples lives in its first 3 years of operations.