Richard Skillen

Experience

• 

  Bank of Scotland

  Jun 1989 - Apr 2009

  Associate Director within the Joint Ventures team, managing equity investments in the Real Estate sector. Associate Director within the Impaired Assets team, responsible for managing a portfolio of high risk and impaired assets in the North of England and the Midlands. Key responsibilities included defining and implementing work-out strategies to maximise recoveries and minimise impairments. Part of a small team established to invest and manage investments into Private Equity funds focused mainly on UK and Europe buyouts, which grew to c. £1bn during my time in the role. Key responsibilities included transacting new investments and structuring bespoke debt products for Private Equity fund managers. Various roles, including mortgages, personal lending and business lending to SME's

  • Associate Director, Joint Ventures - Portfolio Management

    Jan 2007 - Apr 2009

  • Associate Director, Impaired Assets - Structured

    Sept 2004 - Jan 2007

  • Senior Analyst / Associate Director, Funds Investment

    Nov 2000 - Sept 2004

  • Various

    Jun 1989 - Nov 2000
• 

  Lloyds Banking Group

  Apr 2009 - Nov 2011

  Associate Director, Corporate Real Estate, Business Support Unit

  Managing a portfolio of high risk and impaired Large Corporate and Real Estate cases within the UK and Ireland, including defining and implementation of work-out strategies e.g. debt restructure, sale etc.

• 

  Scottish Enterprise

  Nov 2011 - Apr 2022

  Oversight of the Scottish Enterprise, Growth Investments Portfolio Management and Compliance / Business Support teams Team Leader, Portfolio Management within Scottish Enterprise, Growth Investments which manages c. 340 early stage high growth investments, with a NAV in excess of £420m. Oversight of the Scottish Enterprise, Growth Investments portfolio of early stage investments Team Leader, Portfolio Management within the Scottish Investment Bank with overall operational responsibility for the portfolio management function.The portfolio management team manages a portfolio of c. 280 commercial investments made across SIB’s equity funds, which have a combined turnover of over £550m and employing 3,700 staff in Scotland. Manager within the Portfolio Management team of the Scottish Investment Bank responsible for managing a portfolio of 40 investee companies, including ongoing monitoring, follow-on investments and exits.

  • Interim Head of Investment Management

    Jan 2022 - Apr 2022

  • Team Leader, Portfolio Management

    Sept 2021 - Jan 2022

  • Interim Head of Investment Management

    Dec 2020 - Sept 2021

  • Team Leader, Portfolio Management

    Dec 2017 - Dec 2020

  • Investment Manager

    Nov 2011 - Dec 2017
• 

  The Scottish National Investment Bank

  May 2022 - now

  Director - Investment, Portfolio Management