Scottish American Investment Co has appointed Sir Nicholas Macpherson as a non-executive director.
Sir Nicholas was permanent secretary to the Treasury from 2005 to 2016, leading the department through the global economic and financial crisis.
Prior to that, he held a number of senior posts at the Treasury, including heading the Spending and Tax directorates.
In the 1990s, he was principal private secretary to Ken Clarke and Gordon Brown. An economist by training, he worked for Peat Marwick consulting and the CBI before joining the Treasury.
He is currently chairman of C Hoare and Co, and is a visiting professor at King's College, London.
At 3:45pm: (LON:SCAM) Scottish American Investment Company Plc share price was -1.13p at 294.75p