Donald MacRae announces bank retirement plans

Bank of Scotland chief economist Donald MacRae has announced his intention to retire in next month.

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

His departure marks the end of a 30-year career with Lloyds Banking Group, where he has held a number of finance and strategic roles including directorships at Lloyds TSB Scotland plc and TSB Bank plc.

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.”