THE chief executive of the Scottish National Investment Bank has announced he will step down.
Al Denholm, who has been in the role for two years, will remain in post for at least six months as the head of Scotland’s state-backed national investment bank until his successor is appointed.
He will then retire and work with the board in an advisory role until the end of 2026.
Chair Willie Watt said: “On behalf of the board, I thank Al for the energy and passion he has brought to the role.
“His expertise has been instrumental in helping us secure our initial FCA approval and his commitment to staff development has seen us secure employee engagement scores that sit way above industry norms.
“We are grateful for the work he’s done, and he leaves the bank in a strong position, with solid foundations for future growth. We wish Al well in his retirement when it comes.”
Denholm added: “Working with the bank has been a highly rewarding way to draw my full-time finance career to a close.
“I took on the role with big ambitions for the organisation, which I’m pleased we have delivered on.
“Now is the right time for me to plan my retirement as the bank enters its next chapter, supported by its highly skilled team.”
