Scotland's Economy


November 22, 2011 by No Comments | Category Economy

The Financial Services Advisory Board (FiSAB) met today for the first time since the Scottish elections in May. Today I welcomed eight new members to the Board:

  • Philip Grant, Managing Director, Lloyds Banking Group
  • Mark Little, Managing Director, Barclays Wealth
  • Ian Macmillan, Managing Director, JP Morgan
  • Angus Macpherson, Head of Investment Banking, Espirito Santo
  • David Fleming, National Officer, Unite
  • Barry Muir, Vice President, State Street
  • David Nish, Chief Executive, Standard Life
  • Prof. Seamus McDaid, Convener, Universities Scotland

FiSAB really is a unique partnership between the industry, the government, wider public sector, and
the unions. Over the year its work has been invaluable in strengthen Scotland’s position as a centre
for financial services in the face of a global economic downturn. Through the work of our enterprise
agencies and FiSAB Scotland continues to secure new investment from the biggest names in
financial services – State Street, BNY Mellon and Virgin Money, being some of our most recent
success stories. As we continue to strengthen the recovery in Scotland, FiSAB’s remains incredibly
important, bringing together the brightest minds in the industry to ensure Scotland can capitalise on
opportunities and tackle future challenges.



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