MGAM's Smith tipped to chair BoS
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.ROBERT SMITH, the chief executive of Morgan Grenfell Asset Management, is being lined up as a potential candidate for the job of governor of the Bank of Scotland.
The governorship is a highly sensitive issue. Sir Alistair Grant, as governor, as the bank's chairman is known, stepped down temporarily in May after less than a year because of ill health.
Although at the time the decision was announced, Sir Alistair, the former head of supermarket giant Safeways, said he was planning to return to the job, he is understood to be thinking of retiring permanently because of the severity of his illness. Sir Alistair has also had to step down for the time being as chairman of Scottish & Newcastle, the Scottish brewer.
The other main contender for the post at the Bank of Scotland is Sir John "Jack" Shaw, the former head of Scottish Financial Enterprise, the Scottish financial industry lobby group, who was Sir Alistair's deputy at the bank.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments