Major award for Scottish Friendly’s chief executive

10 Sep 2020

Jim Galbraith, Chief Executive of Glasgow based Scottish Friendly, has been named Director of the Year - Large Business in the annual Director of the Year Awards organised by the Institute of Directors (IOD) in Scotland.

Raymond O'Hare, the judging panel's chair said, "Jim Galbraith leads a very strong business with a track record of sustainable and profitable growth. The business has been revitalised through robust leadership and governance - a culture set at the top. Jim is a leader with impressive focus, purpose and ambition and is ensuring that he is building the right skill set to grow and enhance a well-known brand in a responsible and profitable way. The business looks well-placed to take on future challenges in a changing market".

In May 2020, Scottish Friendly, which is Scotland's largest financial mutual, reported record sales from savings and investments, an increase of 12% to £13.5m in 2019. Funds under management increased by over 80% to £5.3 billion and the number of members reached a record high of 712,000.

IOD Scotland described this year's online awards ceremony as 'a celebration of leadership, talent, success and achievement'. From over 200 original entries, the judges selected nineteen winners, listed here.