Sir Douglas currently serves as Chairman of IP Group, Chairman of abrdn, and Chairman of the Royal Marsden hospital and charity. He is also a member of several advisory boards and trade associations.
Previously, he served as Group Chairman of HSBC Holdings from 2010 to 2017, following a 15-year tenure as HSBC's group finance director. Prior to that, he was a Partner at KPMG. Sir Douglas also served as a non-executive director of bp from 2005 to 2011 and was a member of the Mayor of Shanghai and Mayor of Beijing's Advisory Boards, reflecting his extensive experience of business in Asia. From 2017 to 2022, he was HM Treasury's Special Envoy for Financial and Professional Services to China's Belt and Road Initiative.
Sir Douglas has been recognized for his service to the finance industry with a CBE in 2006 and a knighthood in 2018. In June 2022, the University of Glasgow, his alma mater, awarded him an honorary degree in recognition of his services to the business community.