New directors for Scottish National Investment Bank – Daily Business

Richard Hope, Lynne Rennie-Smith and James McCourt

Three new non-executive directors have been appointed to the board of the Scottish National Investment Bank.

The appointment of Richard Hope, Dr James McCourt and Lynne Rennie-Smith was announced by Economy Secretary Stephen Flynn, ahead of the retirement of Jacqueline Redmond and Jonathan Taylor.

Mr Hope has more than 25 years experience investing in private markets. He is the global co-head of investments and head of Europe, the Middle East and Africa (EMEA) at Hamilton Lane, where he co-chairs the Hamilton Lane investment committee.

Prior to joining the investment manager, he worked as a director with Alliance Trust Equity Partners and with Noble Fund Managers, where he was responsible for making and managing UK-based regional venture and growth capital investments.

Dr James McCourt was a member of the group executive committee at Royal London before retiring from his role as its group chief risk officer last month.

He was responsible for defining and executing the group’s risk management strategy. Throughout his 35-year career in the financial services industry, he has held senior roles in banking, asset management, pensions and insurance.

Prior to joining Royal London Group, he held senior risk and investment roles within Royal Bank of Scotland and Aegon’s Positive Solutions and is a former lecturer on investment and taxation at University of Glasgow, School of Law. He holds a PhD in Financial markets from Edinburgh University.

With a career spanning 35 years, Lynne Rennie-Smith is a former chief people officer in the financial services sector. She held senior roles at Tesco Bank, Royal Bank of Scotland, Ulster Bank Ireland and Nationwide Building Society.

With a focus on culture and colleague engagement, she has developed innovative, practical and people focused strategies to aid and improve business performance. She has also served as a member of Perthshire Women’s Aid’s board for the last six and a half years.

Jacqueline Redmond and Jonathan Taylor were appointed at the launch of the bank in November 2020 and are retiring at the completion of their terms. 

Chair Willie Watt, said: ‘It is my honour to welcome Lynne, Richard and James to the Board. The depth and breadth of their collective experience will be a significant asset to the Bank as we enter our seventh year and the next phase of our growth. 

“I also would like to express my deep appreciation to Jacqueline and Jonathan. Their commitment, insight and guidance have made a significant contribution to the Bank’s work. I am grateful for the support they have provided and wish them well.”

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