Prof Dame Anne Glover, Chair
From May 2019, the Board of Trustees comprises nine nominated Trustees and five ex-officio Trustees selected from the current Principals of the Scottish universities (Ahead of this date, a transition occurs from the previous larger Board, which included all Principals of the Scottish universities.)
Trustees are elected or re-elected at the Annual General Meeting of Trustees. Trustees are appointed for three-year terms, and can be re-elected no more than twice (i.e. limiting maximum service to nine years).
Trustees are proposed by the Universities, existing Trustees and others knowledgeable in Higher Education and are sought through open advertisements. They are appointed by the Trustees on the advice of the Nominations Committee, which works to ensure an appropriate range of expertise and experience in the Trust.
The Board is chaired by Prof Dame Anne Glover, with Prof Sally Mapstone as Vice-Chair.
Prof Dame Anne Glover, Chair
Professor Dame Anne Glover, FRS PRSE – Chair May 2015-, Trustee since 2015.
A molecular biologist and currently President of the Royal Society of Edinburgh (2018-2021) and Special Adviser to the Principal and Vice-Chancellor of the University of Strathclyde. Anne Glover gained a first class Bachelor of Science honours degree at the University of Edinburgh and a PhD at King’s College, Cambridge. Glover was recognised in 2008 as a Woman of Outstanding Achievement by the UK Resource Centre for Women in Science, Engineering and Technology and was awarded a CBE in 2009 for services to environmental science and a DBE in 2015 for services to science in UK and Europe. She was the first Chief Scientific Adviser to the President of the European Commission (2012-2015) and prior to that appointment she was the first Chief Scientific Adviser for Scotland (2006-2011).
She is non-executive director on several boards and is also a Trustee of several charities and has a particular interest in how knowledge can be used to transform lives in Africa.
Prof Sally Mapstone, Vice-Chair
Professor Sally Mapstone, MA DPhil – Trustee since September 2016, Vice-Chair since 2019.
Professor Mapstone is Principal and Vice-Chancellor of the University of St Andrews, the second woman in succession to hold this role there.
Sally is a board member of Universities UK, a Trustee of UCAS and of the Europaeum, and a member of the advisory board of the Higher Education Policy Institute. She leads on widening access work for Universities Scotland. She is Chair of the international advisory board for the University of Helsinki.
In 2017 Professor Mapstone received the Foreign Policy Association of America medal for services to higher education.
As an academic Sally is a medievalist, with expertise in the area of medieval and Renaissance Scottish literature. She is President of the Saltire Society, which champions Scottish culture.
The Carnegie Trust sees potential, loves good ideas, and believes abidingly in fairness; it is more relevant now than it has ever been.
Professor Andrea Nolan
Professor Andrea Nolan, MVB, FRCVS, PhD, DVA, DiplECVAA, DipECVPT – Trustee since July 2013
Professor Nolan is Principal and Vice Chancellor of Edinburgh Napier University and Professor in Veterinary Pharmacology.
Andrea graduated as a veterinary surgeon from Trinity College Dublin, Ireland, and after a short time in veterinary practice, embarked on an academic career which led to her appointment as a lecturer in Veterinary Pharmacology and ultimately Professor in the University of Glasgow.
During the 1990s, Andrea established herself as a research leader in the field of animal pain, its recognition and management. She has published widely and has received awards for her work including the Pfizer Academic Award for Animal Health Research, the Amoroso Award from the British Small Animal Veterinary Association and the Universities Federation for Animal Welfare Companion Animal Award. She has contributed to educational development in animal pain management and welfare over many years. She has been a member of several journal Editorial Boards, was a founding member of the World Small Animal Veterinary Association’s Global Pain Council and is currently a Trustee of two animal charities.
Andrea was awarded an Honorary OBE in 2013 for services to Higher Education and Veterinary Science. She is a Fellow of the Royal Society of Edinburgh and of the Royal Agricultural Societies.
Professor Clive Mulholland
Professor Clive Mulholland, BSc PhD CSci FIBMS SFHEA FRSA –Trustee since June 2014
Professor Clive Mulholland joined the University of the Highlands & Islands in June 2014. He was previously Deputy Vice-Chancellor for Research and Student Experience at the University of South Wales, with strategic responsibility for research, and the enhancement of teaching and learning. Before joining South Wales, he held positions at the University of Ulster, Queens University Belfast and Swansea University.
Professor Mulholland began his career in the scientific civil service before moving to the NHS and eventually to the university sector. Originally a biomedical scientist by training, over the last 15 years he has developed a particular expertise in how new technologies can be exploited to enhance the student experience, both in and out of the classroom.
Professor Mulholland is a Fellow of the Institute of Biomedical Sciences, Fellow of the Royal Society of Arts, Fellow of the Royal Society of Medicine, Senior Fellow Higher Education Academy and is a Chartered Scientist.
Professor Gerry McCormac
Professor Gerry McCormac, BSC PhD – Trustee since May 2010
Professor Gerry McCormac has been Vice-Chancellor and Principal of the University of Stirling since May 2010. He has led improvements in Stirling’s student experience, research, international presence and estate.
Professor McCormac has enhanced the University’s global reputation, reach and connectivity and led the creation of a joint venture with INTO University Partnerships, which resulted in a teaching centre for international students on campus, a physical presence in Suzhou, China and a significant increase in international student recruitment. He also established a presence with the British Council in Shanghai and oversaw the development of transnational education with partners in the United Arab Emirates, Singapore and Hong Kong. These build on pre-existing transnational education initiatives in Vietnam, Oman and other countries.
The University’s internationally renowned research was recognised in 2014, with a Queen’s Anniversary Prize for its work on social marketing. The emphasis on sport and the development of high-quality coaching and infrastructure have helped student athletes win medals at Olympic and Commonwealth Games and World Championships. In Social Sciences, support for dementia research continues to inform policy change globally and has resulted in partnerships with commercial companies.
A £40m programme of investment in student residences has been followed by a £21m Central Campus development that will enhance research and learning facilities, and a £20m redevelopment of the University’s sports centre.
Professor McCormac’s focus on increasing the University’s research capacity has, in 2018, led to a heads of terms agreement with the Scottish and UK governments for a £22m City Deal.
Professor Sir Anton Muscatelli
Professor Sir Anton Muscatelli, FRSE AcSS – Trustee since 2007.
Sir Anton is Principal and Vice-Chancellor, University of Glasgow, since 1 October 2009. From 2007-09 he was Principal and Vice-Chancellor of Heriot-Watt University. An economist, his research interests are monetary economics, central bank independence, fiscal policy, international finance and macroeconomics. Prior to 2007 he held various roles at the University of Glasgow including Vice-Principal Strategy, Budgeting and Advancement (2004-07); Daniel Jack Professor of Political Economy (1994-2007); and Professor and Lecturer, Department of Economics (1984-94).
Sir Anton chairs the Scottish Government’s Standing Council on Europe, a non-political group which provides expert advice to Scottish ministers on protecting Scotland’s relationship with the EU. He is a member of the Scottish Government’s Council of Economic Advisers. From September 2017 he has assumed the role of Chair of the Russell Group of Universities.
He is a member of the Board of the Scottish Funding Council which provides funding and oversight of Scotland’s Colleges and Universities. He is a Director of USS (Universities Superannuation Scheme), Chair of the Council for Advancement and Support of Education (CASE) Europe, a member of the Board of Glasgow Life, and Chair of the Commission on Economic Growth for the Glasgow City Region.
Professor Craig Mahoney
Professor Craig Mahoney, BEd, MA, PhD, TTC, CPsychol, AFBPsS, FBASES, FRSA, FIoD – Trustee since August 2013
Professor Craig Mahoney is Principal and Vice-Chancellor at the University of the West of Scotland. Previous roles include CEO at the Higher Education Academy and Deputy Vice-Chancellor at Northumbria University. A dynamic public advocate of higher education, Craig has a keen interest in differentiated student-centred learning, teaching excellence, internationalisation and research informed teaching. He is an ardent supporter of the use of e-learning; technology to support teaching and open educational resources.
A chartered psychologist and an Associate Fellow of the British Psychological Society, Craig has been an internationally recognised sport psychologist for more than 30 years. Craig is a Board member for Sportscotland, the Quality Assurance Agency, and Glasgow City of Science. He holds a Convenorship with Universities Scotland for Learning and Teaching and also the Efficiency Task Group.
I feel thrilled and privileged to be a Trustee of The Carnegie Trust for the Universities of Scotland, helping oversee the enhancement and distribution of funds to worthy students and universities following the extremely generous bequest set aside by Andrew Carnegie more than 100 years ago to support the then four universities – how wonderful that we can still provide assistance from his legacy to support the development of higher education after all these years from his generous donation.
The Rt Hon Lord Eassie
The Rt Hon Lord Eassie (Ronald D Mackay), PC. Trustee since 2016-.
Lord Eassie holds the degrees of MA (Hons) from the University of St Andrews and LLB from the University of Edinburgh. Admitted to the Faculty of Advocates in 1972, he practised at the Bar until 1979, when he took up a post as an official of the Court of Justice of the European Communities in Luxembourg. He resumed practice as an advocate in 1983 becoming Queen’s Counsel in 1986. He served as an Advocate depute between 1987 and 1990.
From 1997 until retirement in 2015 Lord Eassie held office as a judge in the Court of Session and the High Court of Justiciary; and between 2002 and 2006 was also chairman of the Scottish Law Commission. Among extra-judicial activities, in 2005 he accepted an invitation to assume convenorship of the Joint Standing Committee on Legal Education in Scotland. He is also president of the council of the Scottish Universities Law Institute.
Lord Eassie is an honorary member of the Society of Legal Scholars and has contributed to, or edited, a number of legal textbooks.
Sir John Grant
Sir John Grant, KCMG. Trustee since 2013-
Formerly Executive Vice President, Policy and Corporate Affairs, BG Group. Before joining the BG Group in 2009, John had been president of BHP Billiton Europe since 2007. Prior to that he was a member of the Diplomatic Service from 1976-2007, holding posts in Stockholm, Moscow and Brussels, where he was the UK’s Permanent Representative to the European Union from 2003-2007.
Professor Pamela Gillies
Professor Pamela Gillies, CBE, FRSE – Trustee since 2006
Pamela has been Principal and Vice-Chancellor of Glasgow Caledonian University since 2006. She is a Founding Member of the Global Advisory Council for the African Leadership University; a Board Member of the RFK Human Rights UK Board and Trustee of the National University of Science and Technology in Oman where 50% of engineering graduates are women. She was a member of the Board of Trustees of the British Council from 2008 to 2014, Pamela is also a founding Board member of the Grameen Caledonian College of Nursing in Dhaka, Bangladesh where the university has operated in partnership with the Grameen Healthcare Trust since 2010 and is a member of the Board of Trustees for Glasgow Caledonian New York College (GCNYC).
Awarded the honour of CBE for services to education and public health in December 2012, Pamela was elected a Fellow of the Faculty of Public Health of the Royal College of Physicians of London in 2002; a Fellow of the Academy for Social Sciences in 2005; a Fellow of the Royal Society of Edinburgh in 2015 and became an Honorary Fellow of the Royal College of Physicians of Glasgow in 2007.
Previously Pro-Vice Chancellor at the University of Nottingham, Pamela has worked in Geneva as a member of the World Health Organisation’s Global Programme on AIDS (1989-90); at Harvard University as a Visiting Professor and Scholar in Health and Human Rights (1992-93); as a Harkness Fellow of the Commonwealth Fund of New York; and in London on a seconded post as the first Executive Director of Research at the Health Education Authority for England (1996-99). She is the founding patron of a school for children of sex workers in Domjur, Kolkata and has researched and written widely on HIV/AIDS, health development, and inequalities in health focusing on the potential of social action for health.
Dr Alison Fielding
Dr Alison Fielding, BSc, MSc, MBA, PhD. Trustee since May 2016
Alison Fielding is an experienced entrepreneur; creating, building and investing in high-growth companies.
Her career has spanned scientific research at Zeneca plc, strategy consultancy at McKinsey & Company, and investment, business building and CEO coaching at IP Group plc, where she was COO until 2013 and is currently Director of Strategy and IP Impact.
Dr Fielding has extensive executive and non-executive experience and is currently NED at Getech plc, Perachem Holdings Limited and a Trustee of Royal Voluntary Service.
Alison holds a First Class (Hons) BSc and PhD from the University of Glasgow, an MBA from Manchester Business School and an MSc in Mindfulness from the University of Aberdeen.
I became a Trustee as I was so grateful for my Carnegie Trust PhD Scholarship, which really helped my career at an early stage.
Sir Iain McMillan
Sir Iain McMillan, CBE DL FCIB FCIBS FAIA CCMI FSQA FRSA. Trustee since 2010.
Sir Iain McMillan spent twenty-three years with the TSB Group prior to joining the Confederation of British Industry (CBI) in 1993. He held the position of Director, CBI Scotland for nineteen years until 2014. Sir Iain now holds a number of Board positions in the business and charitable sectors. He is currently Chairman of SkillForce, a charity that awards the Prince William Award, and the University of Strathclyde Business School Advisory Board, a Member of the Competition Appeal Tribunal, a Member of Audit & Risk Assurance Committee of the Competition Service and Honorary Patron of the Scottish North American Business Council (SNABC).
In 2009, Sir Iain was appointed Honorary Air Commodore of 602 (City of Glasgow) Squadron, Royal Auxiliary Air Force. In 2003, Sir Iain was appointed CBE for services to the business community and lifelong learning in Scotland. In 2015, Sir Iain was knighted for services to the Scottish economy.
I became a Trustee of The Carnegie Trust for the Universities of Scotland because I wanted to give service to our founder’s great objective in supporting students, scholarships and research.
Sara Parkin, OBE. Trustee from March 2016.
Sara Parkin is Principal Associate of The Sustainability Literacy Project and co-Founder and Trustee of Forum for the Future. She was born in Aberdeen and began her working life as a nurse in Edinburgh.
During the 1980s Sara played leading roles in the UK Green Party and in the growth of green politics worldwide. With Forum for the Future she designed and ran a Masters in Leadership for Sustainable Development for 20 years and wrote The Positive Deviant: Sustainability Leadership in a Perverse World, now a course book in several countries.
Sara Parkin sits on the Board of the Higher Education Academy, is Chair of the Richard Sandbrook Trust and advises the NUS and others on sustainability. Past Board experience includes NERC, the Environment Agency (E&W), Friends of the Earth and the New Economics Foundation. She is also a Patron of Population Matters, the Urban Orchard Project and the Museum of Islay Life.
Her honours include recognition by engineering, other professional and education institutions and, in 2001, an OBE for services to education and sustainable development.
Dr Sandy Nairn
Sandy Nairn, BSc, PhD, CFA. Trustee since March 2016.
Investment Partner and CEO at Edinburgh Partners an Edinburgh based asset manager. Senior Non Executive Director at The Mercantile Trust.
Previously Chief Investment Officer at Scottish Widows Investment Partnership (2000-2003) and Director of Global Equity Research at Templeton Investment (1990-2000). Prior to this he worked at Murray Johnstone an investment manager in Glasgow and as an economist at the Scottish Development Agency.
Sandy has authored two books on investment related topics.
Richard Burns Esq., MA LLB. Trustee since 2005.
Richard holds an MA from Oxford in Modern History and LLB from the University of Edinburgh.
Formerly joint senior partner of Baillie Gifford & Co, investment managers in Edinburgh, Chancellor’s Assessor and Chairman of the Finance Committee of the Court of the University of Dundee.
He is Chairman of two investment trust companies.
Professor Richard Williams
Professor Richard A. Williams OBE, FREng, FTSE, FRSE, FICHemE, FIMMM, CEng, CSci is Principal & Vice-Chancellor of Heriot-Watt University.
Richard’s background is both as an academic and entrepreneur in mineral engineering, energy storage systems and environmental technologies. He is a graduate of Imperial College (B.Sc(Eng), PhD) and has held posts at University of Manchester (UMIST), Exeter (Camborne School of Mines), and as Pro Vice-Chancellor at the University of Leeds (2005-2011) and University of Birmingham (2011-2015).
Professor Williams is a Fellow of the Royal Academy of Engineering (UK), a Fellow of the Academy of Technological Sciences and Engineering (Australia) and a Fellow of the Royal Society of Edinburgh.
Richard is a visiting professor at the Chinese Academy of Sciences (Beijing), Tianjin University of Finance & Economics and at Southeast University (Nanjing). He is an Advisory Board member of the Lloyds Register Foundation, Lloyds Register 100A1 Ambassador, a Director of the British Geological Survey, a member of the Converge Challenge Strategic Advisory Board and Chair of the Scottish Institute for Enterprise.
As a Trustee I am pleased to assure the heritage and mission of Andrew Carnegie in enabling access to life-transforming education and research opportunities.
Professor Petra Wend
Professor Petra Wend has been Principal and Vice-Chancellor of Queen Margaret University, Edinburgh since 2009.
Petra has worked consistently throughout her career as an academic to cross borders, geographically and socially, in order to realise the full potential of the institutions with which she has been associated.
Professor Wend originally read Italian and French Language and Literature, and Education at the University of Münster in Germany and gained a PhD in Italian Language and Literature at Leeds University.
With a research background in institutional strategies underpinning successful leadership, improvements in student experience and university performance indicators, Professor Wend has a significant profile of academic publications and invited lectures. In 2008 she took part in Harvard Business School’s Women’s Leadership Forum and became a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce (FRSA) in 2009. In March 2015, she was awarded a Fellowship of the Royal Society of Edinburgh in recognition of her inspirational leadership in higher education (FRSE).
She is also proud to have led the team which won the top award in the Outstanding Leadership and Management Team category of the Times Higher Education Leadership and Management Awards 2012.
Professor Wend has been a member or Chair of a significant number of national and international boards, among them the Chair of the National Implementation Board for Teaching Scotland’s Future, a Commissioner on the Commission of Widening Access, Vice-Convener of Universities Scotland, and Director on the Board of the Quality Assurance Agency for Higher Education. Petra is now Chair of Common Purpose Edinburgh Advisory Group, a member of the British Council Scotland Advisory Committee, Trustee and Council member of the Royal Society of Edinburgh and a member of its Education Committee, and a Director on the Goodison Group Board and member of its Forum. She is also a member of the Council of the University of Hamburg.
Professor Peter Mathieson
Professor Peter Mathieson MBBS(Hons)(London), PhD(Cambridge), FRCP(London), FRCPE, FMedSci assumed the office of Principal and Vice-Chancellor of the University of Edinburgh in February 2018.
Peter Mathieson was born and educated in the United Kingdom. He went to a state grammar school in Penzance, Cornwall and was the first member of his family to go to university. He read Medicine at the London Hospital Medical College and qualified with First Class Honours from the University of London in 1983. After junior medical posts in London, he obtained a research training fellowship from the Medical Research Council (MRC) to study at the University of Cambridge. He was awarded a PhD by the University of Cambridge in 1992. He became Director of Studies for Clinical Medicine at Christ’s College, Cambridge following his PhD. After a further MRC fellowship he moved to Bristol in 1995 as the foundation Professor of Renal Medicine at the University of Bristol and Honorary Consultant Nephrologist, North Bristol NHS Trust. In 1999, he was elected to Fellowship of the Academy of Medical Sciences.
In 2007, Peter became Head of the University Department of Clinical Science at North Bristol, was appointed as Director of Research & Development for the North Bristol NHS Trust, and was elected President of the Renal Association (the UK’s national speciality association for nephrologists and renal scientists) in a competitive ballot of the membership, being the youngest President in its history. He served the full three year term as President and remained a Trustee for a further two years as Immediate Past-President.
In 2008 Peter was appointed Dean of the Faculty of Medicine and Dentistry at the University of Bristol, serving most of a sixth year after his initial five year term. He played a major role in the formation of Bristol Health Partners from 2008 onwards and was appointed as its founding Director in May 2012, a role he undertook alongside that of Dean.
In April 2014, Peter assumed office as the 15th President and Vice-Chancellor of the University of Hong Kong, a post he held until January 2018.
In 2011 he was awarded honorary life membership of the Australian & New Zealand Society of Nephrology. In March 2015 he was awarded Honorary Fellowship of Hughes Hall, Cambridge and in October 2016 Honorary Fellowship of Hong Kong College of Physicians.
Of the various prizes and academic awards that he has received, he is most proud of being voted “Teacher of the Year” by Cambridge medical students in 1992; the Milne-Muehrcke award from the Renal Association and the National Kidney Foundation of USA for “most promising young researcher” from UK in 1997; the UK Renal Association Lockwood Award (for contribution to academic renal medicine) in 2004; and being voted “top teacher 2011-12” by Foundation doctors at University Hospitals Bristol.
Professor Nigel Seaton
Professor Nigel Seaton, BSc, PhD – Trustee since 2012.
Professor Seaton began his academic career at the University of Edinburgh, where he gained a BSc (Honours) in Chemical Engineering in 1982. He went on to do an MSE and a PhD in Chemical Engineering at the University of Pennsylvania.
After working briefly in the oil industry, Professor Seaton moved in 1989 to the University of Cambridge, where he was a Lecturer in Chemical Engineering and a Fellow of Clare College. He was a visiting professor at Cornell University in 1996-97. In 1997, he returned to the University of Edinburgh as Professor of Interfacial Engineering. Between 1998 and 2007, he held a succession of leadership posts leading to appointment as Vice-Principal (Academic). In 2008 he moved to the University of Surrey, firstly as Deputy Vice-Chancellor (Academic Development) and then as Senior Deputy Vice-Chancellor.
Professor Seaton joined Abertay University as Principal and Vice-Chancellor in 2012.
Professor Seaton is a Director of Jisc, a company that delivers information systems and services to universities and colleges; and of Advance HE, which supports leadership development, academic excellence, and equality and diversity across higher education. He is a member of the Executive Board of GuildHE.
Professor Seaton is a Chartered Engineer, a Fellow of the Royal Academy of Engineering, and a Fellow of the Institution of Chemical Engineers.
The Carnegie Trust is about giving opportunities to students, and to researchers starting out on their careers. It’s a privilege to be able to contribute to this endeavour as a Trustee.
Professor George Boyne
Professor George Boyne became Principal and Vice-Chancellor of the University of Aberdeen on 1 August 2018.
Professor Boyne has spent the majority of his academic career in Wales. He was Pro Vice-Chancellor, Head of the College of Arts, Humanities and Social Sciences and a member of University Executive Board at Cardiff University since 2012.
He was previously Dean of Cardiff University’s Business School, and is a world-leading expert on the performance of public sector organisations. Professor Boyne has been a Fellow of the Academy of Social Sciences since 2010.
Judith Sischy, OBE BA MA. Trustee since 2011.
Former Chief Executive/Director of Education for the Scottish Council of Independent Schools (SCIS); appointed on the Scottish Qualifications Authority Advisory Board, General Teaching Council for Scotland, Government’s Curriculum for Excellence Management Board.
Judith is a former Member of the Court of Queen Margaret University, the Institute of Chartered Accountants for Scotland and of the Appointments Committee of the General Teaching Council for Scotland. She has previously served on the Sick Children’s Trust in Edinburgh, Childline, Common Purpose and Edinburgh Rotary (Past President).
Currently teaching and mentoring for City of Edinburgh and for ACOSVO, a member of the Board of Edinburgh College and of several charities. She was awarded an OBE in 2009 for services to education and the voluntary sector.
It is an honour to be involved in the Carnegie Trust as it upholds Andrew Carnegie’s passionate belief that education is a motivator, a means of social mobility and a key to improving the world.
Ed Weeple, CB MA. First Minister’s Assessor 2004-2015 and Trustee since 2016.
Formerly, Head of Lifelong Learning, Scottish Government – responsible for post-school education and training, including HE and FE. Since 2003, has held posts as: Court Member, Heriot Watt University; Member and Chair, Telford College; Special Adviser to Principal, University of the West of Scotland; and Secretary, Goodison Group in Scotland.
Posts held prior to 2003 include: Membership of: UK Chief Scientist’s Advisory Committee; UK Science and Engineering Base Committee; and AFRC Management Board and Visiting Groups. Also, Common Purpose, Business in the Community Executive Council and Trustee, Garvald Edinburgh.
Donald McDonald, CBE. Trustee since March 2016.
Donald MacDonald is a law graduate of Edinburgh University and a chartered accountant.
Donald is involved in corporate finance and a variety of businesses. He is a past President of Edinburgh Chamber of Commerce.
Donald McDonald has over 30 years of involvement in the arts, as former Chair (now life President) of Scottish Chamber Orchestra and a Board member of Edinburgh Festival. He is joint Founder of East Neuk Festival and of the Research Centre into Motor Neurone Disease at Edinburgh University as well as Euans Guide.
Ray Perman, BA MBA FRSE. Trustee since 2019
Ray Perman started his working life as a journalist on newspapers including The Times and the Financial Times, before co-founding the business magazine company Insider Publications Ltd in 1983. The business was sold to Trinity Mirror plc in 1999. He was an executive director of Caledonian Publishing plc, which bought the Glasgow Herald from Lonrho in 1992 and sold it to Scottish Media Group in 1996.
From 2005-2013 he was chair of the Access to Finance Expert Group, which advised the Secretary of State for Business, Innovation and Skills on policy relating to SME finance. He was a member of the board of Scottish Enterprise from 2004-2009 and chair of Social Investment Scotland, which makes loans to the social economy, from 2001-2009. He is a former member of the court of Heriot Watt University and chaired three small companies including his son’s radio and digital media business.
From 2011-17 he chaired the James Hutton Institute, a scientific research organisation working in the fields of environmental sustainability and food security, and from 2014-17 he was Director of the David Hume Institute, which commissions research and organises seminars on economic, political, social and business issues affecting Scotland.
He is author of HUBRIS: How HBOS Wrecked the Best Bank in Britain (2012) and a biography of the Gaelic scholar John Lorne Campbell, The Man Who Gave Away His Island (2010). His financial history of Edinburgh, The Rise and Fall of the City of Money, will be published in autumn 2019.