End of 30 year banking career

Economist MacRae retires from Bank of Scotland

Donald MacraeBank of Scotland’s chief economist Donald MacRae is to retire in November after 30 years with Lloyds Banking Group.

While he is stepping down from his role at the bank, he will pursue his many other business interests.

His departure marks the end of a long career with Lloyds where he has held a number of finance and strategic roles including directorships at Lloyds TSB Scotland and TSB Bank.

His regular publications monitoring the economy have become part of the economic landscape.

Professor MacRae said: “After 30 years with the group I am looking forward to retiring and doing other things that will continue to develop and grow the Scottish economy.”

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