John McGuigan steps down as Scottish Financial Enterprise chairman

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. The chairman of Scottish Financial Enterprise (SFE) is stepping down with a successor to be appointed next month.

John McGuigan has been on the board at the trade body since 2016 and took on the chairman post in November 2022.

McGuigan, 64, was previously group customer director at Standard Life and Phoenix Group. He is also the chairman of Scottish Rugby and the mutual insurer Scottish Friendly.

The SFE board wants Sue Dawe, EY’s deputy managing partner for financial services, as its new chairwoman and a vote on that proposal will take place in July.

Sandy Begbie, the SFE chief executive, said McGuigan had “brought a wealth