Scots National Investment Bank reappoints Watt

Willie Watt

Willie Watt has been re-appointed to the role of chair at the Scottish National Investment Bank for a further four years.

The National Investment Bank was launched in November 2020 to provide patient capital to businesses and projects connected to Scotland “to build a fairer, more sustainable economy.”

£415 million of investments have since been made.

Watt spent 19 years with Edinburgh equities investment management firm Martin Currie as the company’s CEO and chairman, retiring in 2019.

Previously, Watt spent 16 years with the 3i Group, latterly as managing director responsible for the company’s Scottish and Irish businesses and ran investment teams focusing on venture capital, energy and mid-market buyouts.

Since 2016 he has been a member of the advisory board of Scottish Equity Partners.

Watt said: “I’m delighted to continue my role as chair with the Bank.  We’re at an exciting stage of our journey, having spent the past two years building up our investments and working with inspiring and ambitious businesses across Scotland.

“The Bank continues to focus on investing in companies who contribute to delivering our three missions of net zero, improving places and harnessing innovation.

“I look forward to continuing to work with the Bank team, and am excited to see what can be achieved for the people of Scotland.”

Scottish National Investment Bank CEO Al Denholm said: “We’re pleased that Willie will continue in his role of Chair.

“He brings a wealth of investment banking and leadership experience and we’re looking forward to our ongoing work together.”