(16 June 2008 – Australia) Executive Director of Community Sector Banking (CSB) has been voted to the Board of Directors of an international network of social banking institutions and investors.Peter Quarmby, Executive Director of CSB has been voted to the Board of Directors of the International Association of Investors in the Social Economy (INAISE). INAISE is a global network of socially and environmentally oriented financial institutions.
CSB notes itself as a banking service dedicated to the community sector and is the only Australian member of INAISE. CSB is a joint venture between 20 leading not-for-profit organisations and Bendigo and Adelaide Bank.
Quarmby was voted to the INAISE Board of Directors while attending the World Social Finance Summit, hosted by INAISE, held in Quebec last week.
Quarmby said that the appointment acknowledges the growing reputation and role that CSB plays internationally in social banking and investment.
INAISE facilitates links between social investors from throughout the world in order for them to exchange experience, disseminate information and demonstrate that the judicious use of money can be a means to achieve positive social and environmental change.
The summit was focused on the development of strategies to organise financial practices internationally to stimulate lasting change to forge fair and just access to responsible financial resources for sustainable development.