Susan Rice (banker)
Susan Ilene Wunsch|
7 March 1946
Rhode Island, United States
Wellesley College |
University of Aberdeen
|Spouse(s)||Sir Duncan Rice|
Susan Ilene, Lady Rice CBE (née Wunsch; born 7 March 1946) is a Scottish banker and head of the Scottish Fiscal Commission. In 2000 she became the first female leader of a British clearing bank. She is the chair of Scottish Water and a member of the Banking Standards Board.
Susan Wunsch was born on 7th March 1946 in Rhode Island in the United States.
At Wellesley she met Scottish historian Duncan Rice; they married shortly after her graduation and they moved to Scotland together. She then studied philosophy of science at University of Aberdeen, gaining a Master of Letters in 1970. Rice and her husband returned to the United States.
She was the Dean of Saybrook College at Yale 1978–1980. In 1981 she moved to upstate New York and she worked as Dean of Students at Colgate University.
In 1986, she began working for NatWest Bancorp, where she managed a successful community development programme. In 1996, her husband was appointed as Vice-Chancellor at the University of Aberdeen and they moved back to Scotland. She joined the Bank of Scotland in 1997.
In September 2000 she was appointed as chief executive of Lloyds TSB Scotland and so become the first female to lead a British clearing bank. In May 2008 took on the role of chairman in addition to this. When the Lloyds Banking Group was created by takeover of HBOS that year, Rice was appointed as managing director of Scottish part of the group. Rice retired from this position in December 2014.
She became a non-executive director at Scottish and Southern Energy plc (SSE) in 2003, then took the position of senior independent director in 2007.
In 2011 she became the member of the Council of Economic Advisers.
In 2012, Susan Rice became the first woman to be appointed president of the Scottish Council for Development and Industry. In May 2013, she became a non-executive director of Sainsbury's supermarket chain. In March 2015 it was announced that she had been appointed the chair of Scottish Water, taking up the post on 1 June 2015.
She was a member of the court of the Bank of England, first appointed in 2007, reappointed in 2009, serving until June 2014.
She chairs the Chartered Banker Professional Standards Board (CB:PSB), a voluntary initiative supported by nine leading banks in the UK, which was established in October 2011. In April 2015, she was also appointed as a non-practitioner member of the Banking Standards Board.
She was chair of the Edinburgh International Book Festival from 2001 to October 2015.
In 2008, the Edinburgh Festivals Forum was formed as a commission with strategic development role, appointing Rice as chair. In June 2015, it was announced that she was to become the chair of Scotland's 2020 Climate Group, having been vice-chair of the group since it was formed in 2009.
She is a Regent of the Royal College of Surgeons of Edinburgh.
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- "Rice leads the way as Scots business honours top movers and shakers". The Scotsman. 14 September 2007. Retrieved 18 April 2016.
- "Distinguished figures to be honoured by the University of Glasgow on 20 June 2007" (Press release). University of Glasgow. 18 June 2007. Retrieved 18 April 2016.
- "Honorary Graduates". Queen Margaret University. Retrieved 17 April 2016.
- "Green credentials earn lifetime award". Edinburgh Evening News. 28 November 2013. Retrieved 17 April 2016.