Former FNZ commercial director Lorraine Straiton has joined the board of Edinburgh digital branding agency Tayburn .
Straiton was part of the Edinburgh-based fintech’s management team during a 10-year period when it grew from start-up to £1 billion unicorn status and was bought in October 2018 by US and Canadian investors. She worked with Tayburn when FNZ signed up as a client.
The new non-executive director has a degree in Accountancy and Finance from Edinburgh Napier University and spent 16 years at Sun Microsystems as a senior director in supply planning and development.
Tayburn is a 40-year-old business which helps companies and organisations strengthen their brand online and last month reported a 22% year-on-year increase in revenues. Clients include Heineken, Scottish Rugby, Weir Group, FNZ, Boë Gin and Skyscanner. It is led by joint managing directors Malcolm Stewart and Richard Simpson.
Chairman Mike Reid said: “Lorraine brings invaluable experience from a fast-growth corporate environment, high level commercial acumen and a client first approach. It is just the kind of experience that will serve Tayburn well as the agency builds on recent successes and moves into the next phase of growth.”
Digital banking services provider FNZ was founded in New Zealand but made its headquarters in Edinburgh in 2012 after a team was sent there to work for Standard Life in 2005. Caisse de Depot et Placement du Quebec (CDPQ) and Generation Investment Management bought a majority stake in the business in October 2018 from HIG Capital and General Atlantic in a deal which values FNZ at £1.65 billion.
Straiton said: “I really enjoyed working with Malcolm, Richard and the Tayburn team during my time at FNZ, I like their value-creation approach and overall commitment to clients and the ambition they have for the business. So, it was an easy choice to join the board.”