The role of the SCDI President is an honorary position, recognising the contribution an individual makes to Scotland’s economic development. Historically the position is held for a period of 3 years. The President’s key responsibility is to promote Scotland and SCDI in support of its mission and vision, and to represent members’ interests both in the UK and overseas.
SCDI’s current President is Dame Susan Rice DBE.
As the first woman to head a UK clearing bank in 2000, Dame Susan became was appointed Chief Executive, then Chairman, of Lloyds TSB Scotland, and subsequently Managing Director of Lloyds Banking Group Scotland. She was the first woman to be appointed President of SCDI in 2012. In June 2014 she became the first Chair of Scotland’s new Fiscal Commission and is ushering it onto full statutory basis as the official, central and independent economic and fiscal forecaster for Scotland. Before that, she was a member of the First Minister’s Council of Economic Advisors.
She is Senior Independent Director of J Sainsbury’s group and director of C Hoare & Co and the North American Income Trust. Previously a director of the Bank of England, she was also for eleven years a non-executive director of SSE plc, the UK’s largest producer of power from renewable sources. As Chair of the 2020 Climate Group, she has led a business-focused collaboration on carbon reduction and a sustainable Scottish economy.
Dame Susan has helped develop numerous social finance models in the US and the UK. She is also founding Chair of the Chartered Banker: Professional Standards Board which has created, for the first time, professional standards for individual bankers throughout the UK. Alongside that, she is also a director of the Banking Standards Board, focused on standards for financial institutions.
Reflecting her efforts to ensure a vibrant cultural base in the country, she chairs the Patrons’ Governors of Scotland’s National Galleries and was a long-term chair of the Edinburgh International Book Festival and Edinburgh’s Festivals Forum.
Alongside a number of honorary degrees, Dame Susan is a Regent of the Royal College of Surgeons Edinburgh and a Fellow of the RSA, the Chartered Banker Institute and of the Royal Society of Edinburgh.
Past SCDI Presidents
(2009 – 2011) Mr. Campbell Christie CBE
(2006 – 2008) Dr. Tam Dalyell FRSE
(2002 – 2005) Mr. David Paton OBE
(1999 – 2002) Sir James Duncan
(1996 – 1999) Dr. Ian M H Preston CBE
(1993 – 1996) The Rt Hon. Viscount Younger of Leckie KT KCVO TD DL
(1991 – 1993) Sir Donald McCallum CBE DL
(1986 – 1991) Mr. Peter E G Balfour CBE
(1972 – 1986) The Rt Hon. Lord Clydesmuir KT CB MBE TD LLD DSC
(1966 – 1972) The RT Hon. Lord Polwarth TD LLD
(1946 – 1966) The Rt Hon. The Lord Bilsland KT MC DL LLD
(1931 – 1946) The Rt Hon. The Earl of Elgin & Kincardine KT CMG LLD