The body that oversees the work of social finance companies supported by dormant assets funding has unveiled its next chair. 

The Oversight Trust has appointed Vaughan Lindsay to the role. He succeeds Sir Stuart Etherington, who is stepping down after five years. 

Lindsay is co-founder and director of Zamo Capital, which supports impact funds in the UK, chair of the think tank NPC and has previously been chief executive of the social enterprise Dartington Hall Trust. 

The Oversight Trust, which was set up in 2012, oversees the running of the four companies that receive dormant assets funding in England: Better Society Capital, the Youth Futures Foundation, Fair4All Finance and Access – the Foundation for Social Investment. The trust said Lindsay had “decades of leadership experience in the charity sector, impact investing and with purpose-driven businesses”. 

Etherington said Lindsay, who spent three years as deputy chief executive of the National Council for Voluntary Organisations when Etherington held the top job, would bring “a wealth of relevant experience to this unique and crucial role”.

Lindsay said: “The Oversight Trust plays a vital role in ensuring that dormant assets are used effectively to support social change. 

“I look forward to working with the board to drive real impact and support the continued success of the four operating companies."

Lindsay has been appointed for an initial three years, with the possibility of him serving up to nine. 

He will join the board next month before becoming chair of the trust when Etherington steps down in July.