New chairman at trade body
Grant takes helm at Scottish Financial Enterprise
Philip Grant: ‘world class businesses’
Lloyds Banking Group’s top executive in Scotland, Philip Grant, is taking over as chairman of Scottish Financial Enterprise (SFE), the representative body for the financial services industry.
Mr Grant is chairman of LBG’s Scottish executive committee and managing director of customer and business risk for the insurance and wealth division of the group.
He succeeds Jim Pettigrew, CYBG chairman, who is stepping down as SFE chairman after serving his three-year term.
In 2016 Mr Grant was appointed chairman of the SFE high level strategy group which was responsible for devising the organisation’s five-year strategy 2017-2022. The outputs of this strategy are presented at the quarterly meetings of the Scottish Government’s Financial Services Advisory Board (FiSAB) co-chaired by the First Minister and the SFE Chairman.
Mr Grant is a member of FiSAB as well as the Scottish Government’s Banking and Economy Advisory Group co-chaired by the SFE CEO Graeme Jones and Finance Secretary Derek Mackay.
During Mr Pettigrew’s time in the role the SFE membership has grown by 25% and engagement with both the Scottish and UK governments has increased significantly.
He said: “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.
“I am particularly proud of the work done to develop skills, talent and retraining as we look to maintain our industry’s enviable reputation as a world leader in financial services. We should always trust the young and invest in their future. They are the leaders of tomorrow with the potential to transform this industry while making a huge contribution to society.
“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 said: “Having a strong, growing and innovative financial services sector is vital for Scotland’s economy and global reputation. 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.”
Philip Grant’s appointment is subject to the approval of SFE members at an EGM, convened for this purpose, due to take place in June.