Glasgow-based private equity firm N4 Partners (N4) has appointed Benny Higgins as Chairman effective, 1 September.
Higgins has previously worked at high-profile organisations throughout financial services beginning his career at Standard Life, where he became a member of the Standard Life Group Executive Committee in 1996, before moving to RBS to become Chief Executive of Retail Banking where he led the successful integration of NatWest Retail Banking – one of the largest hostile takeovers ever undertaken in banking.
Following a senior role with HBOS, Higgins held the position of Chief Executive at Tesco Bank from 2008 until 2018. Latterly, he was appointed as Strategic Adviser to the First Minister to help develop and implement the creation of a Scottish National Investment Bank. As a result of this work, he was subsequently appointed as Strategic Adviser to the First Minister and Chairman of the Scottish Government’s Advisory Group on Economic Recovery post COVID-19.
A spokesperson for N4 says: “In Benny, we have acquired an exceptional individual who shares our passion for forming meaningful partnerships across the business community. Given Benny’s stellar reputation and wide range of connections after leading some of the most recognisable brands in the financial services sector, we are confident his appointment as Chairman will help to significantly raise the profile of N4 as we continue to work with ambitious and driven organisations at what is undoubtedly a pivotal time for the global business community.”
Higgins, adds: “I’ve known the nucleus of the team at N4 for a number of years now and I’m thrilled to formalise our partnership and become part of a new firm determined on growing and supporting businesses throughout the UK and beyond.”
Higgins will also chair the N4 Advisory Board of which further appointments will be announced in the coming weeks.
Higgins’ appointment is N4’s fifth hire of the year as the business focusses on expanding both its investment and portfolio solutions practices.
