Fort Lauderdale, Florida’s Community Capital Management Inc. (CCM) recently announced that David Sand has completed his transition to becoming the firm’s Chief Impact Investment Officer (CIIO).
"As a pioneer in the development of market-rate, fixed income impact investments, David actively seeks innovative ways to further our clients' impact investing goals,” Alyssa Greenspan, CCM’s president and COO, said, noting Sand’s originality as he undertook various projects since joining the firm in 2013.
Sand has focused on projects designed to revitalize the nation’s communities at the local level, generating CCM-sponsored funds.
Sand takes over for Barbara VanScoy. "We want to thank Barbara for her significant contributions to CCM," Greenspan said. "With her team at CCM, she helped encourage the production of affordable housing, job training programs and affordable health-care facilities and improved the firm's impact reporting metrics. All of us wish Barbara the best in her future endeavors."
CCM’s chief marketing officer Jamie Horwitz summed up the company’s recent outstanding performance, noting that its fixed income investment strategy brings advantageous returns while supporting clients' communities.
"In 2015, CCM reached its highest asset level and community development investments to date, at $2.2 billion and approximately $7 billion, respectively,” Horwitz said. “We are excited for the continued positive momentum in the fixed income impact investing space."
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