Scottish National Investment Bank’s Eilidh Mactaggart hasn’t received a payment after quitting

The former chief executive of the Scottish National Investment Bank has not received a payment after leaving, officials said.

Eilidh Mactaggart alerted the bank’s chairman, Willie Watt, that she would step down on January 27, with the Scottish government and the bank’s board subsequently told on January 31, the economy committee heard on Wednesday and fair work.

It took the bank until February 25 to make the decision public, prompting MSPs to question why Mactaggart (below) made the decision to leave.

It’s unclear why her department’s announcement came nearly a month after the date she told the president of her intentions.

However, Mactaggart later issued a statement saying she left for “personal reasons”.

Speaking to the committee on Wednesday, Watt and bank board member Carolyn Jameson declined to expand on Mactaggart’s decision to leave, saying there was a ‘duty of care’ to which the bank must comply as an employer, as well as the former managing director’s own. request for confidentiality.

Jameson said no severance package was offered.

“The answer is no, there was no severance package attached to it,” she said, adding that Mactaggart had not signed a nondisclosure agreement.

Watt went on to point out that there had been no disagreements between ministers and Mactaggart during his tenure.

‘There has been no disagreement over the policy or direction of the bank to my knowledge that is relevant to your question,’ he said in response to Conservative MSP Liz Smith.