New Lord Mayor of London elected

New Lord Mayor of London elected

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On October 2nd the Corporation of the City of London elected William Russell to a one-year term as Lord Mayor beginning on 8th November. Russell, who has over 30 years’ experience in the financial services sector, will be the 692nd Lord Mayor of the City.

The Lord Mayor’s principle role is to act as the City’s chief international spokesperson, promoting the trade of the City’s financial and professional services industries to international markets. He will spend more than 100 days of the next year abroad in thirty countries across six continents to promote British business to foreign investment.

Russell will also look to promote his ‘Global UK – Trade, Innovation & Culture’ agenda which will build on the current Lord Mayor’s theme of ‘Shaping Tomorrow’s City Today’, focusing on connecting communities through trade, innovation and culture.The programme has three key aspects: growing global trade and investment, championing innovation, and promoting a rich and vibrant cultural and creative economy.

The Lord Mayor is elected by the Aldermen of the City at the Guildhall and must have previously served as an Alderman and a City Sheriff.

Russell acknowledged that ‘these are undoubtedly challenging times for the City’ but argued that ‘London’s fundamental strengths mean that no matter what the outcome of Brexit, the City will be embarking on a new chapter in its long success story’.

‘The City’s status as a global financial capital is reflected in its unique combination of time zone, language, legal system, global talent, and financial ecosystem’, Russell added. ‘People come here, not just for business, but for our burgeoning cultural and creative offer, our open spaces and our heritage.’

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