Matthew Bishop, the former New York bureau chief of The Economist and one of the coiners of the term ‘philanthrocapitalism’, has been appointed managing director of the Rockefeller Foundation, with special responsibility for the Foundation’s Bellagio Center.
According to a Rockefeller press release, Bishop will ‘create a new global institute that will bring together diverse voices from around the world to shine a light on big ideas, and help to rapidly implement scalable solutions to improve the lives of even the most vulnerable.’
In addition, as of 31 December, Dana Bezerra will become President of the Heron Foundation, succeeding Clara Miller. Bezerra joined Heron in 2006 and will oversee the final stages of the foundation’s investment of all of its assets in pursuit of its mission.
Another Foundation moving – though less completely – in the direction of mission-related investing is the Ford Foundation, which has recently announced the appointment of Roy Swan who will lead its new mission investments team, managing the $1 billion portfolio launched in April 2017. Swan was most recently managing director of Morgan Stanley’s Global Sustainable Team.
He has previously served as the founding CIO of New York City’s Upper Manhattan Empowerment Zone (EZ), a US federal initiative designed to provide relief for impoverished urban communities. For other mission-related investing news, read about the Sasakawa Peace Foundation’s launch of an impact investment fund in Asia.