Banker pay

CEO of state-owned bank handed £37k bonus

Eilidh Mactaggart with Nicola Sturgeon and SNIB chairman Willie Watt

Scotland’s state-owned bank awarded its chief executive a £37,375 bonus just months after it launched.

Eilidh Mactaggart is head of the Scottish National Investment Bank (SNIB) which opened for business in November last year.

According to its annual report for the period to the end of March this year, Ms Mactaggart received the award on top of £85,418 paid as a pro rata portion of her £235,000 salary.

The 47-year-old is one of Scotland’s highest-paid public sector officials and is also entitled to pension contributions worth up to 12% of her wages.

The bonus is awarded through her participation in the bank’s discretionary LTIP bonus scheme.

Ms MacTaggart joined SNIB after more than 20 years experience in banking and investment management, latterly with MetLife Investment Management in London and with Commonwealth Bank of Australia and ABN Amro Bank.

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