John McGuigan to chair new-look SFE board

John McGuigan

Scottish Financial Enterprise (SFE) has announced a new chair along with other appointments to a new-look board.

SFE said current deputy chair John McGuigan will take over as chair. 

McGuigan replaces outgoing chair Philip Grant, whose three-year term ends in November. 

This will coincide with Grant’s retirement from Lloyds Banking Group at the end of this year as he approaches 40 years of service. 

“McGuigan brings a wealth of customer service experience to the position, having spent nine years with pensions giants Standard Life and its post-2018 parent company Phoenix Group, where he was group customer director,” said SFE.

“He also has international experience, having been managing director of sales and service at Telefonica in Munich, prior to joining Standard Life.”

Along with McGuigan’s appointment, the SFE board has appointed Sue Dawe, head of financial services for EY in Scotland, to the role of deputy chair.

Dawe has been a`director on the SFE board since 2019.

In other recent changes, Rushad Abadan, general counsel at Abrdn, joined the SFE board in June, and Judith Cruickshank, recently appointed managing director, commercial mid market, Royal Bank of Scotland, will join SFE on September 1, replacing Malcolm Buchanan, who has been appointed recently to a new role with NatWest Group in the North of England.

Scottish Financial Enterprise is the representative body for Scotland’s financial services industry, which sustains around 160,000 jobs with over 90 member companies.

McGuigan said: “I’m proud to have been appointed as chair of an organisation which represents one of Scotland’s most important industries, and excited to work with the board, SFE team and our broad membership to carry on the great work that has taken place under Philip’s tenure.

“Last year SFE launched its new financial services strategy setting out our collective response on issues like the economic recovery, net zero, skills and inclusion and changing customer needs.

“These issues remain as important as ever in the face of huge domestic and global challenges, and my priority will be ensuring we remain on track delivering the strategy with our members and for the benefit of customers and communities across Scotland.

“We are an industry with a huge amount to offer, and which continues to grow and add strength to Scotland’s economy. I am optimistic about our future.”

SFE chief executive Sandy Begbie said: “On behalf of SFE and our members, I’d like to say a huge thank you to Philip, whose contribution to SFE during his tenure has been invaluable, and has left us in a strong position as we look ahead to the future.

“Whilst I’m sad to see him go, the continued strength, commitment and diversity of our board is a huge source of encouragement for us and our members, and I am excited to see what this next chapter brings.”

“John has been an enormously positive presence on the board and brings significant knowledge about our membership and the changing needs of customers in Scotland.

“Alongside the recent additions of Rushad and Judith, I feel we are well placed with a range of experience, insight and huge skill to continue delivering our vision for a stronger, fairer and more sustainable financial services industry in Scotland that can play its part in solving the big challenges of our time.”