Donald MacRae is Chief Economist, Lloyds Banking Group Scotland and a Director of Lloyds TSB Scotland plc. He joined the then TSB Bank Scotland plc in 1986 and assumed responsibility for monitoring the Scottish economy. Research into the characteristics of high growth Scottish businesses and entrepreneurship was used in the Scottish Enterprise business birth rate inquiry in the early 90s. As a result, Donald founded the Business Forum - the networking organisation devoted to promotion and development of new Scottish businesses.
Donald was a member of the Scottish Executive Purchasers Information Advisory Group (PIAG), reforming the selling and purchase of residential property and a member of the Scottish Executive Economic Consultants Statistics Group. He is a member of the Scottish Government Economic Statistics Group. Donald was appointed to the board of Scottish Homes in 2002 and to the board of Scottish Enterprise in 2004. He is a Trustee of the David Hume Institute and a fellow of the Royal Society of Edinburgh.
He recently gave evidence to several Scottish Parliamentary Committees, advised the Finance committee of the Scottish Parliament on the Scottish Budget and holds the chair of visiting Professor of business and economic development at the University of Abertay Dundee. He was a member of the 2007/08 Committee of Inquiry into Crofting and is a member of the Board of Interface, designed to promote business and university interaction.