Big bank and asset management names donate to Scottish referendum campaigns

A number of senior figures from across the asset management and banking industries have contributed some of the larger donations to both sides of the campaign surrounding Scottish independence.

The Electoral Commission is publishing a series of reports detailing donations made by individuals and businesses of over £7,500 to pro-independence and pro-union campaigns since late 2013.

At the same time, the Yes campaign has also previously released separate information revealing its top donations that date back to start of their campaign in May 2012.

As of the end of July 2014, First State Stewart head of Asia Pacific Equities and former joint managing partner Angus Tulloch has made the third largest individual contribution to the Yes campaign, having donated £250,000.

Tulloch’s donation falls behind the top two personal donations from Lottery-winning couple Colin and Chris Weir who each gave £500,000 to the Yes campaign.

Data from the electoral commission also details several individuals from across the asset management and banking industry who appear slightly further down the list of named personal donations made to the Better Together campaign.

Fourth generation member of the Schroder banking family Bruno Schroder, who is currently a non-executive director at Schroders and is Britain’s 11th richest man, donated £30,000 to the pro-union campaign.

Andrew Fraser, who was formerly head of equities at Barings Merchant Bank before its collapse back in 1995 and is currently a stock broker has also given £100,000 to Better Together

Ivor Dunbar, who left his role as Deutsche Bank co-head of global capital markets last year and was also previously part of a group of investment bankers responsible for advising former UK chancellor Alistair Darling on the financial crisis, donated £50,000 to the Better Together campaign.

The biggest individual donor to pro-union Better Together campaign to date continues to be JK Rowling who has contributed a total of £1m in cash.