10 November 2011
City policy chief details plans for 2012 - the 'City
Corporation's biggest year for a generation’
Stuart Fraser, the City of London Corporation’s elected Policy
Chairman, announced today (Thursday) a change in the line-up for
the key leadership of the Square Mile authority, ahead of ‘the
City’s biggest year for a generation.’
Stuart Fraser, 65, who has served as the Chairman of City
Corporation’s lead Policy and Resources Committee for 4 years,
announced today he would move to the Deputy Policy Chairman’s role
next spring, as part of a realignment of City Corporation
leadership.
‘2012 could be one of the City Corporation’s biggest years of
work for a generation and I want to help make sure we have the
right resources in place for that: I will become Deputy Policy
Chairman from April and this will allow us to double up the
experience and manage the big issues in the best way.
‘World financial events, the inevitable work in Brussels and
overseas, the Olympics and Jubilee, and our commitment to do even
more for SME and high-tech growth in London means that the
challenges will be very onerous.
‘Frankly, after 44 years in the markets and 4 years as Policy
Chairman, my wife Laura would like me to take a Sunday off now and
then, so I think it’s sensible to plan a proper overlap – and enjoy
what will be a very special year for London.’
The Policy Chairman is elected annually – but limited to a
maximum of five years. Any Chairman standing down has the right to
stand as Deputy (unopposed), a rule that Chairman Fraser said he
was using to help mix his experience alongside a new Chairman as
the City moved through 2012 and beyond.
Chairman Fraser said the next Lord Mayor, Alderman David
Wootton, who takes office on Friday, was a key part of the City
Corporation’s ‘Big team for a big year’.
‘Business and financial services are facing major challenges –
witness the events in Greece and now Italy; taken with the
2012 celebrations, the City Corporation will have a lot on its
plate.’
Ends
Press enquiries
Greg Williams
Head of Media for the City of London Corporation
Tel 020 7332 1455
Mob 07889 167 205