THE Scottish National Investment Bank (SNIB) has appointed its first chief executive.
Eilidh Mactaggart will lead the bank, which is being set up to allow firms to borrow money over a longer period of time and to help finance environmental and ethical projects.
Its creation was unanimously approved by the Scottish Parliament in January, with the Scottish Government committing £2 billion in funding to capitalise it.
Mactaggart, 46, is taking up the role following spells as managing director for MetLife Investment Management and as a director of the Commonwealth Bank of Australia.
The Glasgow-born banker said: “The establishment of the Scottish National Investment Bank will provide long-term patient capital support for ambitious companies, the third sector and infrastructure projects, underpinned by the transition to net-zero carbon emissions.
“This is an opportunity to create an ethical and environmentally conscious bank that will seek to benefit everyone across Scotland.”
Chairman of the bank Willie Watt added: “Eilidh’s excellent track record building and leading successful investment teams will help us achieve that goal.”
Scotland is in lockdown. Shops are closing and newspaper sales are falling fast. It’s no exaggeration to say that the future of The National is at stake. Please consider supporting us through this with a digital subscription from just £2 for 2 months by following this link: http://www.thenational.scot/subscribe. Thanks – and stay safe.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel