Alderman Professor Michael Mainelli Elected To Be 695th Lord Mayor

Broad Street Ward is enormously proud that its Alderman, Professor Michael Mainelli, has been elected as the 695th Lord Mayor of London.

As the elected head of the City of London Corporation, he will serve as a global ambassador for the UK financial and professional services industry from Friday, 10 November for a one-year term. He will succeed current Lord Mayor Nicholas Lyons.

The annual Lord Mayor’s Show takes place on Saturday, 11 November, which will be Alderman Mainelli’s first public engagement. It will be followed by the Lord Mayor’s Banquet on Monday 13 November at Guildhall, where the Prime Minister will deliver a keynote speech.

The Lord Mayor acts as an international spokesperson for the City, leading business delegations overseas to key international markets on behalf of the UK’s financial and professional services industry.

In the role Alderman Mainelli will meet government representatives from around the world, alongside business leaders and policy makers both at home and abroad. He will work to strengthen global economic ties with the UK, identify new business opportunities, and promote the UK as a top global destination for foreign investment.

During his Mayoral year, Alderman Mainelli will champion ‘Connect To Prosper’, an initiative focused on harnessing the City’s vast knowledge ecosystem. Surrounded by over 40 learned societies, 70 higher education institutions, and 130 research institutes, the City is a dynamic hub for innovation.

He will spotlight the City’s expertise in areas including finance, law, art, and engineering, while bringing together thought leaders from diverse backgrounds to encourage innovation and global problem solving on critical challenges facing the world – from climate change to artificial intelligence.

He will also emphasise the City’s unique role as a global knowledge connector and talent cluster, showcasing its capacity to address global challenges and foster inventiveness within its communities.

Lord Mayor Elect, Alderman Michael Mainelli, said:

“I am deeply honoured to have been elected as the 695th Lord Mayor of the City of London. As its global ambassador, I will champion the UK financial and professional services industry – not only as a powerhouse of the UK economy – but also a driver of prosperity to key markets abroad.

My ‘Connect To Prosper‘ theme will bring together thought leaders from the business, scientific, and academic worlds to demonstrate the City’s strengths in solving global challenges.  Together we will showcase the Square Mile’s unique leadership role as the world’s coffeehouse, where connections between firms, institutions, and people, lead to new ideas and solutions that benefit the world.”

We very much look forward to Professor Mainelli’s time as Lord Mayor, which is the highlight of our ongoing commitment to the City.  You can read his acceptance speech and learn about his Mayoral theme, ‘Connect To Prosper‘.

Background – Financial and professional services firms employ over seven per cent of the UK workforce, 2.3m people, two-thirds of whom are outside London. The City accounts for one in every five financial services jobs in the UK.  Financial and professional services firms contributed nearly £100 billion in taxes in 2020, providing over 13% of the UK’s total tax revenue.  The UK was the world’s leading net exporter of financial and professional services (£121bn) in 2020. Financial services accounted for £82bn and professional services for £39bn. Financial and insurance services contributed £173.6 billion to the UK economy in 2021, 8.3% of the total. It was the fifth largest sector in terms of overall economic output.

The UK financial services sector was the fourth largest of OECD countries in 2021 by its proportion of national economic output (8.3%), down from third highest in 2020. Around 2.5 times as many dollars are traded in the UK as in the US. Overall, the UK has 43% of the global total of foreign-exchange turnover.

About Professor Michael Mainelli

Professor Michael Mainelli MStJ FCCA FCSI(Hon) FBCS, Executive Chairman, Z/Yen Group Michael is a scientist and economist trying to promote societal advance through better finance and technology. Originally a research scientist in aerospace (rocket science) and computing (architecture & cartography), educated at Harvard, Trinity College Dublin, he gained his PhD from the London School of Economics, where he was also Visiting Professor in innovation and IT. Working in Switzerland, he conceived and created the first commercial digital maps of the world, Geodat and MundoCart. He became a senior partner of accountants BDO Binder Hamlyn, and Corporate Development Director for the Ministry of Defence’s Defence Evaluation & Research Agency. During a mergers & acquisitions spell in merchant banking with Deutsche Morgan Grenfell, in 1994 he founded Z/Yen, the City of London’s leading commercial think-tank. Z/Yen is renowned for its Global Financial, Green Finance, and Smart Centres indices, as well as notable ‘firsts’ in technology research, including distributed ledgers.

Michael has advised numerous governments and municipalities around the world, including four years as International Financial Services Advisor to the Office of the Taoiseach. Michael is a fellow of Gresham College, King’s College London, and Goodenough College, visiting professor at UCL’s Bartlett School of Sustainable Construction, Honorary Bencher of Middle Temple, and non-executive director of the United Kingdom Accreditation Service and a listed mining company. He is active in fourteen livery companies, past Master of the World Traders, an Alderman of the City of London for Broad Street, and past Sheriff of the City of London 2019-2021, with charity interests in the environment, education, and care. He is Lord Mayor elect of London from 10 November. His third book, written with Ian Harris, The Price Of Fish: A New Approach To Wicked Economics And Better Decisions, won the Independent Publisher Book Awards Finance, Investment & Economics Gold Prize.

Professor Mainelli was elected the 695th Lord Mayor of London at Common Hall, comprising liverymen belonging to all of the City of London’s livery companies. He will take up his position on 10 November 2023.

 

Equality & Diversity Consultation

Have your say on making the City a fairer place

Help shape the Square Mile governing body’s approach to promoting a City where everyone can thrive.

Have your say

The City Corporation is consulting on five equality, diversity and inclusion objectives, which outline its approach to making the City a fairer, more diverse place.

It aims to provide aspirational leadership, enable career progression opportunities for all, create a community-based approach to service delivery and promote socio-economic diversity.

Embedding equality, diversity and inclusion in the City’s work, and attracting and retaining the widest possible pool of global talent is vital to ensure the City remains competitive, productive and innovative.

Are the objectives clear, strong and relevant enough to make an impact?

Mental Health Awareness Week Breakfast, 17 May

The City of London Corporation invites you to a Panel Discussion and Networking Breakfast Reception to mark Mental Health Awareness Week

Wednesday, 17 May 2023 from 8.00 am – 10.00 am
Guildhall, London EC2V 7HH

Mental Health Awareness Week is an ideal time for us all to think about mental health, tackle stigma, and find out how we can create a society that prevents mental health problems from developing and protects our mental well-being. This year’s theme is anxiety – a normal emotion in us all, but sometimes it can get out of control and become a mental health problem.

The discussion will aim to increase people’s awareness and understanding of anxiety by providing information on the things that can help prevent it from becoming a problem and what options are available to those who need further help. Guests will hear from speakers about their professional experiences with an opportunity to ask questions during the session.

Moderated by:
Anastasia Vinnikova, Head of Workplace Wellbeing, City Mental Health Alliance

Speakers include:
– Ria Bernard, Chief Executive, Action for Stammering Children
– Andrew Horobin, Deputy Borough Director for Adult Mental Health Services in Hackney
and the City of London, East London NHS Foundation Trust
– Lea Milligan, Chief Executive Officer, MQ Mental Health Research

Timings:
8.00 am – Breakfast refreshments
8.30 am – Panel discussion commences followed by Q&A
9.15 am – Networking
10.00 am – Event concludes

If you would like to attend, please contact:
City Events and Protocol Team, City Remembrancer’s Office
rem.events@cityoflondon.gov.uk
0207 332 3200

Tripoints Of Broad Street Ward

The following text is from a project completed by the former Clerk of the House of Commons, Sir David Natzler.   He was engaged to identify tripoints, the points within the City of London at which any three of the City’s wards intersect.  Here are his paragraphs about Broad Street Ward:

“24. Bishopsgate/Broad Street/Cornhill: where Wormwood Street running west along the line of the wall becomes London Wall, crossing Old Broad Street. On the south side Deutsche Bank occupies the 10 storey French limestone- faced No 75 London Wall, once known as Winchester House: the bankers can relax at the Be At One cocktail bar opposite. On the north east beyond No 55 are the churchyard and garden and netball court of St Botolph without Bishopsgate, the church where Keats was baptised and the Bishopsgate ward church; and a truly remarkable Victorian Turkish-style bath house. On the north west is the neglected brickwork of All Hallows Church on the Wall, a plain Classical building of 1767 completed by George Dance. It has long been a source of good works. The 19th century hymnodist Samuel John Stone ended his career as rector here: earlier he had written Lyra Fidelium, including the “Church’s One Foundation”. Another remarkable rector was Montague Fowler, who made All Hallows a refuge for the poorly paid city workers who came in early to benefit from the cheap fares. It is now run as a community church by the evangelical network City Gates. It is a reminder of the strong tradition of social service from some City churches, even when they are neither beautiful nor readily accessible to visitors.

“25. Bishopsgate/Broad Street/ Coleman: the point where Liverpool Street comes past the railway terminus for East Anglia and boats for the Low Countries to meet Blomfield Street, opposite Broad Street Place at 31-37. Here is now the giant portal for the Elizabeth Line station. The old buildings at 1-14 Liverpool Street have been demolished to be replaced by a new office building One Liverpool Street developed by Aviva and TfL. On Broad Street Place is a plaque to St Mary Moorfields, a church built in 1820 and serving as the pro-Cathedral of the Roman Catholic church from 1850 to 1870. It was demolished in the 1890s. Blomfield Street is the line of the Walbrook stream dividing the City: the Walbrook skulls from Roman or Celtic times were found here in the waterway. To the west of Blomfield Street is the amazing Finsbury Circus, now alas without its bowling green but still the largest open space in the City, and a rare example of restraint in the intensive development of the city in the 19th century.

“26. Broad/Cornhill/Walbrook: the tripoint is where Throgmorton Street, with some well- preserved Victorian buildings, one numbered in its stonework XXVI which the Post Office would not like, enters Old Broad Street. Behind the buildings in the north west angle along Austin Friars Lane is the church of Austin Friars, rebuilt after the war, and originally the centre of the Augustinian Friars settlement, founded in the 13th century. It has been used since the Reformation by foreign Protestants and is still the Dutch Church, the oldest Dutch language church in the world. On the Old Broad Street front was the church of St Peters le Poer, just outside the monastic precinct, demolished in 1907 and transferred to Friern Barnet. Drapers Hall on the north side of Throgmorton Street occupies the site of a mansion on former Augustinian land once occupied by Thomas Cromwell; the London Stock Exchange was opposite Drapers Hall in 125 Old Broad Street in the Stock Exchange Tower until it moved out in 2004. Adam’s Court on the east side, which runs through to Threadneedle Street, is named after a Draper Lord Mayor from the troubled times of 1645. Here too is a splendid tripoint marker, a non-functioning light blue City police telephone, in a slightly better state than the modern black-painted New World telephone box down the Road past the City of London Club at No 19.

“27. Broad/Coleman Street/Walbrook: this is an oddity as the boundary line dividing Broad Street and Coleman Street wards runs – and has long run – northwards straight through the middle of the church of St Margaret Lothbury; there are ward badges on the church and each ward has its noticeboard here. All that is missing is a neat boundary line up the brickwork. The tower is in Coleman Street ward. The boundary is the Walbrook which ran and presumably still runs in a culvert underneath the church. Stow in his 1598 account of London divided the wards into those east and west of the Walbrook, reflecting a division that goes back many centuries: Ludgate Hill against Cornhill. St Margaret Lothbury is an archetype of a well-loved City church, with fitments from St Christopher le Stocks nearby, which was removed to create the modern Bank of England building, sword rests loaded with livery badges, and so on. To its east at 7 Lothbury is a splendid City Venetian Gothic mini-palace built in 1866, now converted into private flats. To the south is where the gold used to enter the Bank of England, and presumably leave it.”

Celebrating Business Impact In Society – The Lord Mayor’s Dragon Awards Are Open For Entries

Celebrating the best in business, The Lord Mayor’s Dragon Awards 2023 are now open for entry. The Awards recognise the extraordinary efforts that businesses like yours are making to achieve positive impact for their communities and wider society.

Hosted by The Lord Mayor, these prestigious Awards are open to businesses of all sizes and are free to enter.

How to enter

Applications are open from Monday 3 April until Friday 2 June. Categories range from the Social Impact Award, to this year’s Lord Mayor’s Award for Leadership in Financial Literacy, the Inclusive Employment Award and more.

Here’s your guide to entering:

  • Take a look at the entry guidance
  • Choose the category that best fits the work you’ve been doing to achieve impact
  • Log in, or create an account, to make your application
  • Save your application as you go
  • Submit!

Click here to find out more and apply.

If you have any questions take a look at the FAQs or get in touch with the Dragon’s team directly and they’d be happy to help.