Leitch to chair wrap firm FNZ

The company, which began life in New Zealand but relocated to Scotland in 2005, said Leitch – who also chairs the Association of British Insurers and private healthcare provider Bupa – brings “unparalleled experience” of the financial sector.

Chief executive Adrian Durham said: “Lord Leitch is a hugely respected business leader with over 40 years’ involvement in global business.”

FNZ makes “wrap platforms” that allow asset managers to see all of their clients’ investments together on one computer screen and recently expanded its offices in Edinburgh after winning a major deal with Aviva.