Public appointment: Non-Executive Directors reappointed to the Scottish National Investment Bank Board

The Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, Neil Gray MSP, today announced the reappointment of Carolyn Jameson, Peter Knott, Dr Jacqueline Redmond and Sir Jonathan Taylor as Non-Executive Directors of the Board of the Scottish National Investment Bank.

Non-Executive Directors

Carolyn Jameson is an experienced leader of technology businesses and investor in innovation. She is currently Chief Trust Officer and Chief Consumer Officer at Trustpilot and was previously Chief Legal Officer at Skyscanner, where she led the sale of the business to Ctrip and subsequently became Head of International M&A for Ctrip.  She is on the Advisory Board of Scottish Equity Partners, a Non-Executive Director of Tens Lifestyle Group and has been a Board Member of VisitScotland. Carolyn was educated at the University of Edinburgh.

Peter Knott is highly experienced in impact investing and is currently Chief Risk Officer at the UK Infrastructure Bank.  He held the role of Managing Director in the Edinburgh office of the Green Investment Group, part of Macquarie, having previously been the Chief Risk Officer and then Chief Financial Officer of the UK Green Investment Bank.  He has broader investment experience through positions with Standard Chartered Bank, JP Morgan Chase, and Robert Fleming. He is a Chartered Accountant, educated at the University of Reading. He is an Advisory Board member at the Centre for Climate Finance and Investment at Imperial College London.

Dr Jacqueline Redmond has extensive energy and technology industry experience. She is currently Non-Executive Chair of CENSIS (the SME-focused Innovation Centre for Sensing, Imaging and Internet of Things technologies), and Executive Director of PNDC, Strathclyde University’s industrialisation centre focused on delivering whole energy solutions. Her previous experience includes Chief Risk Officer at the Green Investment Bank, VP Technology Strategy with Shell and Director Corporate Strategy with Scottish Power. She is a Chartered Engineer and holds degrees from the University of Strathclyde and Paisley College of Technology.

Sir Jonathan Taylor brings extensive international development bank experience from his term as Vice-President and Management Committee Member of the European Investment Bank (EIB).  He led on the EIB Green agenda.   Prior to this he was Director General of Financial Services and Stability at HM Treasury, and he was Director General of the London Investment Banking Association. .He was educated at the University of Oxford and Birkbeck, University of London.

Reappointments

Carolyn Jameson and Peter Knott have been reappointed for four years from 23 November 2023 until 22 November 2027.  Dr Jacqueline Redmond and Sir Jonathan Taylor have been reappointed for three years from 23 November 2023 until 22 November 2026.

The reappointments are regulated by the Ethical Standards Commissioner.

Remuneration and time commitment

Non-Executive Director’s receive £850.00 per day.  Peter Knott and Dr Jacqueline Redmond have a time commitment of 30 days per year with Carolyn Jameson and Sir Jonathan Taylor committed to 25 days per year.

Other ministerial appointments

Carolyn Jameson, Peter Knott, Dr Jacqueline Redmond and Sir Jonathan Taylor do not hold any other public appointments.

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.

Carolyn Jameson, Peter Knott, Dr Jacqueline Redmond and Sir Jonathan Taylor have 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.