21 January 2009
City of London’s Lord Mayor visits Cyprus to strengthen
business ties with key partner
New City of London Lord Mayor Ian Luder arrives in Cyprus
(Monday) on a two and half-day visit to the EU’s easternmost
country designed to strengthen its business and economic ties with
the entire width of the UK-based financial services industry.
Lord Mayor Luder, who serves as global ambassador for the
UK-based financial services industry, said:
“At a time when key elements of financial services are under
severe strain globally, it’s important to remember that the
business of “the City” includes a very wide range of expertise and
services. This broad base includes the maritime industry in all its
forms, insurance and re-insurance and, of course, the sharing of
skills and training.
“ Cyprus is a key partner in some of these areas – and this
visit is designed to re-enforce existing relationship and help
build new ones.”
Lord Mayor Luder, who will spend a total of three months leading
“City” business delegations to two dozen countries world-wide in
2009, is expected will meet key business, political and
institutional leaders in both Nicosia and Limassol during the
visit.
Lord Mayor Luder will meet (in date order) Cyprus President
Demetris Christofias, Finance Minister Charilaos Stavrakis,
Minister of Commerce, Industry & Tourism Antonis Paschalides ,
President of the Cyprus Chamber of Commerce & Industry Manthos
Mavromatis, Central Bank Governor Athanasios Orphanides, CEOs of
Cyprus-based banks, leaders of the Cyprus Stock Exchange plus key
stockbroking and accounting firms, the Cyprus-U Business
Assocation, and the Limassol Chamber of Commerce &
Industry,
The Securities and Investment Institute and the Institute of
Chartered Accountants in England and Wales are taking part in the
visit, alongside Maritime London and Lloyd’s of London.
The overall aim of the visit, which follows a City Lord Mayor’s
visit to Cyprus in 2005, is to promote links with the financial,
maritime and other business services industry based in the UK and
champion the international expertise of the City of London in the
Cypriot market place.
Lord Mayor Luder will also further encourage Cypriot companies
to raise finance in London and promoting partnership with the
City’s financial and legal services. London ’s expertise in carbon
emissions trading will also be highlighted.
Ends
Notes to editors
The Lord Mayor is an eminent tax accountant.
The City of London Corporation: The City of London Corporation,
which provides local government services for the Square Mile, the
financial and commercial heart of Britain, works nationally and
internationally to maintain and enhance the City as a world-leading
international financial and business centre. Its other special
responsibilities and services to London and the wider UK include
the City of London Police, Barbican Arts Centre, Central Criminal
Court at the Old Bailey, 10,000 acres of open space including
Hampstead Heath and Epping Forest, three wholesale food markets,
two inner-London City Academies, the City Bridge Trust, economic
regeneration programmes in neighbouring boroughs and acting as
London’s Port Health Authority. The Lord Mayor of the City of
London works extensively at home and abroad to promote the City.
See
www.cityoflondon.gov.uk
See these links for key partners in this visit
Press enquiries: Greg Williams 07889 167 205
Release 010/Serial 24