LSE CEO addresses Scottish business leaders
Event draws former Treasury mandarin who saved RBS
A former top civil servant who worked on the government’s recapitalisation of Royal Bank of Scotland during the financial crisis will be the keynote speaker at next month’s Annual Scottish Business Address.
London Stock Exchange chief executive Nikhil Rathi is a former UK Treasury official who was private secretary to Prime Ministers Tony Blair and Gordon Brown between 2005 and 2008.
He spent 11 years at the Treasury, where in 2009 he became the youngest ever director of the financial services group, representing the government’s financial services interests in the European Union and internationally during significant periods of upheaval.
As head of the UK’s financial stability unit at the height of the credit crisis, he endured “six months of 20 hour days, pizza and endless coffee” working on the recapitalisation of Royal Bank of Scotland and other banking interventions.
The Annual Scottish Business Address is hosted by the Scottish Chambers of Commerce and takes place on 6 December at the Hilton Hotel, Glasgow. It will also be addressed by First Minister Nicola Sturgeon.
Tim Allan, president of Scottish Chambers of Commerce and chief executive of Unicorn Property Group, said: “Nikhil is one of the most prominent figures in the UK business community and I am honoured to welcome Nikhil to Scotland to engage with the business community.
“Nikhil’s insight into global business trends and international trade opportunities are unparalleled, and coupled with the First Minister’s commitment to economic growth, the event is set to offer outstanding opportunities for businesses to connect and grow.”
Mr Rathi, who was appointed CEO at the LSE in September 2015, said: “I am honoured to be invited to address the prestigious Scottish Chambers of Commerce event. I very much look forward to sharing my thoughts on the Scottish success stories in global capital markets and the exciting opportunities that lie ahead for Scottish entrepreneurs.”
Among the companies attending this year’s event are HSBC, Calmac, SDS, ScotRail, Royal Bank of Scotland, ABPI, Babcock, Centrica, PG Paper, University of Strathclyde, CBRE, Glasgow Airport, ABP Ports, FWB Park Brown, Wise Group, Barrhead Travel, SDS, and the Scottish Chamber Network.