TheCityUK
TheCityUK champions the international competitiveness of the financial services industry. Created in 2010, it supports the whole of the sector, promoting UK financial services at home and overseas and playing an active role in the regulatory and trade policy debate. TheCityUK is the only voice for financial services that includes leading organisations from banking, building societies, insurance, pensions and investments, as well as associated professional services. Its board and advisory council include the most senior individuals from across the sector.
TheCityUK's purpose is to promote the competitiveness of UK financial services – to make the UK the best place in the world to establish and grow a financial services business and, in turn, to maximise the sector's contribution to the UK. The organisation has a global export focus with a commitment to help UK based firms grow their business in other parts of the world. As of January 2011, the financial services industry accounted for 10% of UK GDP and 11% of UK tax receipts. The sector currently employs 1 million people, more than 66% of whom work outside London, and underpins the businesses that drive jobs and growth. Added together with the further 900,000 employed in professional services, it is easy to see the importance of a sector that employs one in every ten of the working population.
TheCityUK provides constructive advice and the practitioner voice on trade policy and all aspects of taxation, regulation, and other legislative matters that affect the competitiveness of the sector. TheCityUK conducts extensive research and runs a national and international events programme to inform the debate. Its senior team regularly engages with regulators and policy makers at home and overseas, ensuring the sector's views are represented at the highest levels. TheCityUK is tasked with creating a new vision for the financial services sector.
TheCityUK's board, chaired by Stuart Popham, previously Senior Partner at Clifford Chance, is responsible for developing TheCityUK's strategy and delivery. Sir Win Bischoff, Chairman of Lloyds Banking Group, oversees TheCityUK's Advisory Council. The President of the Advisory Council is the Lord Mayor.
TheCityUK is independent and politically neutral.
