Lady Susan Rice CBE


Lady Susan Rice

Lady Susan Rice is Chairman of Scottish Water, Business Stream, and Scotland’s independent Fiscal Commission. A Chartered Banker, she was previously Managing Director of Lloyds Banking Group. As Chief Executive, then Chairman of Lloyds TSB Scotland, she became the first woman to head a UK clearing bank in 2000. And, in 2012, the first woman elected as President of the Scottish Council for Development & Industry.

Alongside these roles, she is Senior Independent Director of J Sainsbury plc, a non-executive with the North American Income Trust and the Banking Standards Board, and a lay member of Court at University of Edinburgh. Susan was on the board of energy company SSE plc for 11 years, and on the Bank of England’s for seven and sat on the First Minister’s Council of Economic Advisers.

Professionally, she has concentrated on the creation of long-term value in business and enterprise, and the connection between businesses and the society around them. She chairs Scotland’s 2020 Climate Group, which influences business to develop a sustainable economy in Scotland. She has spoken to international audiences about environmental impact in relation to renewables, the circular economy and climate justice. Several years ago, she gave a keynote address at the national renewables conference in Santiago, Chile.

At the behest of the banking industry, she chairs a UK-wide initiative to create professional standards for bankers, for the first time in the UK. A founding director of Big Society Capital Ltd, and previously of Charity Bank, she is also active in addressing issues of social and financial exclusion.

Born in the USA, Susan has degrees from Wellesley College, Massachusetts, and University of Aberdeen, and has been honoured by a number of Scottish universities. She is married to Professor Sir Duncan Rice, Vice Chancellor Emeritus of Aberdeen University, and they have three children.

Susan is a Regent of the Royal College of Surgeons Edinburgh and a Fellow of the Chartered Banker Institute, the RSA and the Royal Society of Edinburgh.

A keen reader mainly of fiction and biography, she was Chair of the Edinburgh International Book Festival for 15 years. She currently chairs the Governors of the Patrons at National Galleries of Scotland and the City of Edinburgh’s Culture Task Group.

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