Scottish Financial Enterprise

Scottish Financial Enterprise is a corporate lobby group which represents the financial industry in Scotland.

Its own website acknowledges its main function is lobbying:

The key focus of our work is:

• Lobbying for improvements to the business environment that Scotland provides for the financial services industry.
• Influencing government, regulators and other policy-makers outwith Scotland, mainly in Westminster and Brussels, by facilitating engagement between them and our members.
• Promoting greater awareness, understanding and support of Scotland’s financial services industry, particularly among politicians and the media.^[1]

'Partnership' with governnment

Left to right: John Campbell, SFE Chairman, Managing Director State Street Corporation and Deputy Industry Chairman of FiSAB; Amanda Harvie, SFE Chief Executive; Jack McConnell MSP, First Minister and Chairman of FiSAB

First Minister Jack McConnell launched the first year report on the Strategy for the Financial Services Industry in Scotland at a business breakfast event organised by Scottish Financial Enterprise (SFE) in Edinburgh this week.

The event was attended by 200 senior representatives from financial services companies and the public sector. Jack McConnell was speaking in his capacity as the Chairman of the Financial Services Advisory Board (FiSAB), the unique partnership between government, the financial services industry, and trade unions in Scotland set up to ensure Scotland’s continuing success as an international financial services centre.

Amanda Harvie said: ”In Scotland government and the industry have taken the lead in pioneering a new approach of working in partnership to provide a world-class environment for financial services companies. The report published today demonstrates this initiative’s success. Taken individually, the many projects and actions delivered over the first year may not appear to be fundamental to the industry, but collectively they are and will make a vital difference to boosting Scotland’s continuing success and growth as an international financial services centre.”

“Scotland’s financial services industry has grown at 36 per cent over the last five years – four times the rate of the Scottish economy and more than double the rate of the UK financial services industry as a whole. This strong performance underlines the importance of the work that FiSAB partners are delivering to help financial services companies to compete successfully around the world from Scotland.” ^[2]

Scottish Financial Enterprise Board of Directors

• John Campbell Managing Director, State Street Corporation (SFE Chairman)
• Amanda Harvie Chief Executive
• Gordon Arthur Director of Corporate Affairs, Standard Life Assurance Company
• Eric Gunn Regional Director, Clydesdale Bank plc
• Paul Hally Partner, Shepherd and Wedderburn
• Eileen Mackay CB Chairman of Trustees, David Hume Institute
• Joe Scott Plummer Former Chairman, Martin Currie Ltd
• Anne Richards Chief Investment Officer, Aberdeen Asset Management plc
• David Shearer Non Executive Director, HBOS plc
• Ben Thomson Chief Executive, Noble Group Ltd
• Donald Workman Head of Corporate Banking Change Management, Royal Bank of Scotland Group plc

Members

• Abbey / Scottish Mutual Assurance / Scottish Provident
• Aberdeen Asset Management Plc
• Accenture (UK) Ltd
• Adam & Company Group plc
• AEGON Asset Management UK
• AEGON UK
• Alliance Trust PLC
• Artemis Investment Management
• ASA International
• Baillie Gifford & Co
• Bank of England
• Bank of New York Ltd
• Bank of Scotland
• Bell Lawrie
• BNP Paribas Securities Services
• BP
• Britannic Asset Management
• Brodies LLP
• BT Scotland
• Capgemini UK plc
• Chartered Institute of Bankers in Scotland
• Citigroup
• Clydesdale Bank plc
• Cornelian Asset Managers Ltd
• CSTIM Ltd
• Deloitte
• Dundas & Wilson
• Dunfermline Building Society
• Ernst & Young LLP
• F&C Asset Management plc
• First State Investments
• Franklin Templeton Investments
• Glasgow Investment Managers Ltd
• Highlands & Islands Enterprise
• HSBC Bank plc
• Huntswood
• Institute of Chartered Accountants of Scotland
• Interactive Data
• JP Morgan Europe Ltd
• KPMG LLP
• Law Society of Scotland
• Lloyds TSB Scotland
• LogicaCMG
• Maclay Murray & Spens
• MacRoberts
• Martin Currie Investment Management Ltd
• McGrigors
• Mercurytide
• Morgan Stanley
• Newton Investment Management Ltd
• Noble Grossart Ltd
• Noble Group Ltd
• Norwich Union Insurance
• Odgers Ray & Berndtson
• Oracle Corporation UK Limited
• PricewaterhouseCoopers LLP
• Prudential
• RIA Capital Markets
• Royal Bank of Scotland Commercial Services
• Royal Bank of Scotland Corporate & Commercial Banking Scotland
• Royal Bank of Scotland Group
• RSM Robson Rhodes LLP
• Scott-Moncrieff
• Scottish Enterprise
• Scottish Equitable
• Scottish Equity Partners
• Scottish Life, Scottish Life International, Bright Grey
• Scottish Widows
• Scottish Widows Bank
• Scottish Widows Investment Partnership
• Securities & Investment Institute
• Shepherd and Wedderburn
• Standard Life
• Standard Life Bank
• Standard Life Investments
• State Street Corporation
• Style Financial Services
• T-Systems Ltd
• Tata Consultancy Services
• Telekurs (U.K.) Ltd
• Thomson Financial
• UK Mortgages Online Ltd
• University of Glasgow/GU Holdings

Resources

Strategy for the Financial Services Industry in Scotland 2006 Annual Report. View the press release issued by the Scottish Executive.

Notes

1. *^ Scottish Financial Enterprise website
2. *^ Scottish financial Enterprise First Minister launches Strategy for the Financial Services Industry in Scotland Annual Report 15-05-2006