£235k for state-owned bank chief

Mactaggart first CEO at Scottish National Investment Bank

Eilidh Mactaggart

Eilidh Mactaggart: mission

Global banker Eilidh Mactaggart is returning to Scotland to become the first CEO of the Scottish National Investment Bank on a salary that dwarfs that of the Prime Minister.

Her annual base salary has been set at £235,000 compared to Boris Johnson’s £158,000.

Ms Mactaggart’s pay packet has been agreed after “robust benchmarking” with comparator public sector bodies and recognised financial services benchmarking via management consultants Korn Ferry.

With more than 20 years experience in banking and investment management, she will steer the new bank’s mission to build a high-growth, low-carbon economy.

Ms Mactaggart, who hails from Glasgow, most recently worked for MetLife Investment Management in London and has also had spells at Commonwealth Bank of Australia and ABN Amro Bank.

She has led large scale investments in social infrastructure (schools, universities, hospitals, social housing), transport infrastructure (ports, roads, airports), regulated utilities and renewable energy.

At Met Life she was head of European infrastructure and project finance, establishing this team and growing it to be one of the leading investors in infrastructure in Europe. 

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.