Public appointment: Non-Executive Director appointed to the Board of the Scottish National Investment Bank

The Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, Neil Gray MSP, today announced the appointment of Gary Page as a Non-Executive Director of the Board of the Scottish National Investment Bank.

Non-Executive Director

Gary Page has built a portfolio of Non-Executive roles in the private, public and charitable sectors after a career in the City, in a range of commercial and investment banking jobs.  He served on the Supervisory Board of Triodos Bank NV between 2017-19 when he became Chair of Triodos Bank UK. Triodos provides loans which have a positive impact and generate social, environmental and cultural change.  He is also a Non-Executive Director of the Student Loans Company and sits on Employment Tribunals.

Appointment

The appointment is for four years and runs from 1 February 2024 until 31 January 2028.

The appointment is regulated by the Ethical Standards Commissioner.

Remuneration and time commitment

The appointment attracts remuneration of £850.00 per day for a time commitment of 25 days per year.

Other Ministerial appointments

Gary Page is a Non-Executive Director of the Student Loans Company and receives £17,000 per annum for a time commitment of two days per month.

Political activity

All appointments are made on merit and political activity plays no part in the selection process.  However, in accordance with the original Nolan recommendations, there is a requirement for appointees’ political activity within the last five years (if there is any to be declared) to be made public.

Gary Page has had no political activity within the last five years.

Background

Launched in November 2020, the Scottish National Investment Bank is a development investment bank for Scotland. By building a portfolio of impactful and transformative mission-focussed investments, the Bank has an ambition to be a catalyst which builds a fairer, more sustainable, and innovative Scotland.  As a mission impact investor, the Bank delivers patient (long term) investment capital that supports the delivery of the Bank’s missions, which in turn address the grand and inter-related societal challenges in Scotland, including the climate emergency, place‑based inequality and innovation challenges. Investments must meet the aims of at least one of three key missions – to support Scotland on its journey to net zero, to improve places and communities, or to harness innovation. The Scottish Government has committed to capitalise the Bank for its first ten years of operation.