Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman.

Higgins has held senior roles in the UK and Scottish financial services industries over the last 30 years.

He was CEO of Tesco Bank for 10 years and prior to that he was CEO of RBS and NatWest Retail Banking, which included its wealth management offering.

His current portfolio sees him holding roles including Executive Chairman of Buccleuch, and Strategic Advisor to the First Minister of Scotland on the creation of the Scottish National Investment Bank. 

Higgins said: “AAB Wealth is a highly respected professional firm with ambitious growth plans, a highly able executive team and, most importantly, a real focus on serving clients well with adherence to strong values. 

“I consider the potential to nurture this business to a level where it is considered one of the best providers of financial planning in the country is palpable.”

Fraser Porter, CEO of AAB Wealth, said: “I’m delighted to welcome Benny to AAB Wealth.

“His depth of experience, strategic vision and extensive network will be invaluable to the board.

“It’s an exciting time for the business as we now have an established presence in the central belt, a first-class team and a good platform to grow across Scotland.”

AAB Wealth, part of the Anderson Anderson & Brown group, has Assets under Advice (AuAs) approaching £350 million.