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Scottish Financial Enterprise appoint new chairman

Philip Grant, left, will succeed Jim Pettigrew, right, as chairman of Scottish Financial Enterprise Photo: Chris Watt/PA

Scottish Financial Enterprise (SFE) has appointed Philip Grant of Lloyds Bank as its new chairman.

The representative group for the financial services industry in Scotland has announced that he will succeed Jim Pettigrew at the end of his three-year term, subject to members’ approval.

Mr Grant will take on the role alongside his current chairmanship of Lloyds Banking Group’s Scottish executive committee and as managing director in the bank’s insurance and wealth department.

The CBI Council member also sits on the Scottish Government’s Banking and Economy Advisory Group, co-chaired by Economy Secretary Derek Mackay.

Philip Grant is set to become the new chairman of Scottish Financial Enterprise Credit: Chris Watt/PA

Mr Grant said: “Scotland’s people, education and skills infrastructure, enterprise support and ecosystem of established world-class businesses, make it a fantastic place to start and grow a financial services business with local or international reach.

“SFE is the focal point for the development of the economic, consumer and social value of financial services in Scotland.

“Its members have a shared commitment to making a wide range of career opportunities available across the diverse communities across Scotland.

“I’m very much looking forward to working with Graeme, the Board and members to continue the great work that marked Jim’s time as Chairman.”

Current SFE chairman Mr Pettigrew added: “It has been an absolute privilege to have held the position of SFE Chairman during which time we have seen huge progress with a new, fantastic, output-driven strategy, increased engagement with key stakeholders and record levels of membership.

“Philip is an excellent person to assume this prestigious role within the Scottish financial services industry. I wish him well, confident that he will continue our industry’s legacy of excellence.”

Mr Grant’s appointment is subject to the approval of SFE members at a meeting in June.