Willie Watt appointed as chair of Scottish National Investment Bank
Willie Watt has been appointed as the first chair of the board of the Scottish National Investment Bank.
Willie Watt was CEO of Martin Currie, an international public equities investment firm based in Edinburgh, between 2001 and February of 2019, and will step down as chairman of the firm in December 2019.
Martin Currie is a specialist investor whose clients are leading global public and private asset owners.
Previously Willie spent 16 years with the 3i Group, latterly as managing director of its Scottish business. He ran specialist venture, buy out and energy investment teams. Willie is a member of the advisory board of Scottish Equity Partners.
The Scottish National Investment Bank will be operational in 2020, investing in businesses and communities across Scotland.
Economy secretary Derek Mackay has welcomed the appointment.
Mr Mackay said: “I’m delighted to appoint Willie Watt as the first chair of the board of the Scottish National Investment Bank.
“The bank has the opportunity to transform and grow Scotland’s economy. Willie’s background in investment, and his wealth of experience in building organisations with the right kind of culture and values, will help to shape it as a trusted and credible financial institution now and for generations to come.
“I look forward to working together as we build an ethical, sustainable and inclusive Bank to support economic growth across Scotland and help businesses and communities to flourish.”