HMS Wallace was a Thornycroft type flotilla leader built by J I Thornycroft during the First World War, HMS Wallace was completed in February 1919, after the end of the war.

HMS Wallace served mainly with the Atlantic Fleet between the wars, although she was deployed to the Baltic in 1919 as part of the British campaign in the Baltic during the Russian Civil War, and to the Eastern Mediterranean during the Chanak Crisis in 1922–23. Active in World War ll, HMS Wallace was detached from East coast convoy duties to take part in Operation Husky, the Allied invasion of Sicily.