19 January 2010
City of London strengthens financial ties with USA
The Lord Mayor of the City of London, Alderman Nick Anstee,
heads to the USA this week to strengthen business and economic
links across the Atlantic.
His team arrives in Miami today (Thursday, 21 January 2010),
before travelling to Tampa, Charlotte, Houston and Dallas. The Lord
Mayor will meet political and business leaders to forge closer
links on issues including: carbon finance, Sharia-compliant
finance, and Public-Private Partnerships (PPP).
The Lord Mayor, who is global ambassador for all UK-based
financial services, said:
"This economic crisis has highlighted the fact that in financial
services the US and UK are more closely intertwined than ever
before. Growing the trans-Atlantic exchange of talent, funding and
ideas will play a crucial role in making sure both our countries
achieve a sustained recovery.
"We have identified key areas where closer cooperation will pay
off and they include carbon trading and Sharia-compliant finance.
Both offer unique opportunities that have significant potential for
future growth. The UK's capabilities in these fields are world
class and we want to work with our counterparts in the US,
particularly in the energy industry, to develop business to our
mutual benefit."
In Miami (21 – 22 January), the Lord Mayor will make a keynote
speech at the 'Carbon Markets North America Conference 2010'.
In Tampa (24 – 25 January), will take part in a discussion on
the UK's response to the financial crisis and recent European Union
regulatory developments.
In Charlotte (25 – 26 January), the Lord Mayor plans to meet
with his counterpart Anthony Foxx, Mayor of Charlotte and
participate in a banking industry roundtable event.
As well as touring the BP Rodeo Helios Plaza facility in Houston
(26-29 January), the Lord Mayor will participate in a series of
events designed to highlight how Sharia-compliant finance can
provide an alternative capital raising stream for the US oil and
gas industries.
In Dallas (29-30 January), the Lord Mayor is scheduled to meet
Richard Fisher, President of the Federal Reserve Bank of Dallas,
and engage with key industry players in the energy sector.
The Lord Mayor's car travel while in the USA has been offset
through a clean energy project Kurkumbh Bagasse in Pune, India.
Ends
Notes for editors
About the Lord Mayor of the City of
London:
The Lord Mayor is head of the Square Mile’s
City of London authority for one year and the position is unpaid
and apolitical. It is an exceptionally demanding role. The Lord
Mayor spends some 90 days abroad and addresses some 10,000 people
face-to-face each month (making around 800 speeches a year). The
Lord Mayor represents City businesses and helps the City
Corporation advise the Government of the day on what is needed to
help the financial services sector to function well. The Lord Mayor
frequently travels to represent the City; and travels overseas with
the status of a Cabinet Minister. On average, the Lord Mayor will
meet one head of state a month and will meet a prime minister or
finance minister each week to discuss financial services, often in
conjunction with senior City business representatives. The Lord
Mayor, who is unpaid, lives in the Mansion House for the Mayoral
year.
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About the City of London Corporation:
(NB
in this English context ‘Corporation’ is not
a business, but a local authority)
The City of London Corporation is a uniquely diverse organisation.
It supports and promotes the City – the business district at the
heart of London - as a world leader in international finance and
business services and provides local services and policing for
those working in, living in and visiting the Square Mile. It also
provides valued services to London and the nation. These include
the Barbican Centre and the Guildhall School of Music & Drama;
the Guildhall Library and Art Gallery and London Metropolitan
Archive; a range of education provision (including three City
Academies); five Thames bridges (including Tower Bridge and the
Millennium Bridge); the Central Criminal Court at Old Bailey; over
10,000 acres of open spaces (including Hampstead Heath and Epping
Forest), and three wholesale food markets. It is also London’s Port
Health Authority and runs the Animal Reception Centre at Heathrow.
It works in partnership with neighbouring boroughs on the
regeneration of surrounding areas and the City Bridge Trust, which
it oversees, donates more than £15m to charity annually.
Press contacts
Sanjay Odedra, Press Office, City of London Corporation
Tel +44 (0)20 7332 1835
Mob +44 (0)7831 542 856
Email
sanjay.odedra@cityoflondon.gov.uk