Nothing To Lose But Our Chains… (Badge, and Brooch)

Banker Baron Overstone, on seeing the “unmitigated disappointment” of his new Overstone Hall in Northampthonshire (now derelict), grumbled, “We have fallen into the hands of an architect, in whom incapacity is his smallest fault.”

Well, I certainly don’t feel as morose as Baron Overton. In the case of my Shrieval chain and badge, as well as Elisabeth’s brooch, all we can say is that we fell into the hands of a silversmith, in whom genius is his smallest fault. We are so delighted with Grant Macdonald’s work.

The Shrieval Chain and Badge of Office

presented to Alderman Professor and Sheriff-Elect Michael Mainelli on 19 September 2019

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Despite being three months away from assuming office, our services were called upon within days to assist the current Sheriffs in an unusually fishy matter.

Aal-most ends eel

When attending a service in the Dutch Church to commemorate the Dutch eel trade, like you do, Elisabeth and I encountered a delegation from the Frisian Islands. They came on the good ship eel barge Korneliske Ykes II, with greetings and gifts from the mayor of Súdwest-Fryslân to our Lord Mayor…

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Sheriffs Elect!

On 24 June at Common Hall Chris Hayward CC and I were delighted to be elected Sheriffs to take effect at our installation on 27 September. Here we are pictured outside Cutlers’ Hall with our wives Alex and Elisabeth as we toured nine livery companies in ninety minutes to thank the nearly 1,400 people who turned up to vote!

The City of London Corporation Press Release provides more detail.

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New Sheriff In Town? It Would Be An Honour.

I am pleased to announce that I received notification on Friday, 15 March, that my nomination for the Election of Sheriffs at Common Hall at Guildhall, Monday 24 June 2019 has been checked. It is all in order and I am a validly nominated candidate.

Thus, today, 17 March 2019, I open my campaign to be Aldermanic Sheriff for 2019/2020.

Equilex – Old Bailey on 22 September 2017 at the Christ’s Hospital St Matthew’s Day celebration outside St Sepulchre, on the equinox.
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Declaring My Candidature For Sheriff Of The City Of London 2019/2020 –

17 March 2019

Election of Sheriffs for the City of London – Monday, 24th June 2019

Candidature of Alderman Professor Michael Mainelli FCCA Chartered FCSI(Hon) FBCS

To the Liverymen of the City of London

My Lords, Ladies and Gentlemen,

Common Hall

With a sense of honour and enthusiasm, I offer myself to the Livery for election at Common Hall to be held at Guildhall on Monday, 24th June, at 12 noon.  My colleagues on the Court of Aldermen support my candicacy, as they did last year, as their candidate for the ancient office of Sheriff of the City of London for 2019/20.  If a poll is demanded, I would like to ask for your support by voting in my favour at the ballot on Monday, 8th July 2019, also at Guildhall.

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2018 Aldermanic Campaign Closes

I was delighted to receive the following “Statement of Persons Nominated” from Guildhall just after noon today.  This means that the campaign is now closed with one candidate, unopposed.  I would like to thank all of my supporters, but particularly my election agent and my five nominators:

  • Election Agent – Ms Ruby Sayed (Barrister), Temple
  • Proposer – Mr Nicholas Westgarth, Worshipful Company of International Bankers, Austin Friars
  • Seconder – Mr Karl Craig, Canaccord Genuity, Lothbury
  • Subscriber – Ms Mei Sim Lai OBE, Lai Peters, New Broad Street
  • Subscriber – Mr Roger Sanders OBE, Lighthouse Group, Throgmorton Street
  • Subscriber – Ms Elizabeth Corrin, China Construction Bank, Old Broad Street

I would also like to thank numerous voters in the Ward for their kind message, the many supporters at Broad Street Ward Club’s annual luncheon yesterday, and the kind messages online via LinkedIn and Twitter.  I shall do my best to serve the Ward over the next six years, along with the civic team who generously gave their unreserved support:

  • Deputy John Bennett
  • Chief Commoner John Scott JP
  • Chris Hayward CC

We want to continue trying to deliver more by Working for the City, Working for the Ward, Working for You.

There will still be a Wardmote at noon on Wednesday, 12 December, though no election on 13 December, at Carpenters’ Hall, 1 Throgmorton Avenue, London EC2N 2JJ.  All are welcome to attend  the installation on 12 December.  Feel free to let me know if you’re coming.

2018 Campaign – Alderman Professor Michael Mainelli

Re-Elect Professor Michael Mainelli

for Alderman of Broad Street

“Bright Lights, Better City”

My campaign motto highlights the City’s brainpower, attractions, and traditional freedoms.

I am honoured to have the support of our three Common Councilmen, Deputy John Bennett, Chief Commoner John Scott JP, and Chris Hayward.

A former Chairman (2004-2005) of the Broad Street Ward Club, Immediate Past Master of the Worshipful Company of World Traders, Freeman of the Watermen & Lightermen, and an Honorary Liveryman of the Furniture Makers and Water Conservators, Michael has worked in the Ward since 1984, walking the length of the Ward every day to and from home in Wapping.

Michael has achieved much in his first term as Alderman, working hard and well with our Civic Team.  We urge you to return him to work with us in the future.”                    

            Chief Commoner John Scott JP

Please give me, Michael Mainelli, your vote by postal ballot or by voting in person on

Thursday, 13 December 2018

Polling Station

Carpenters’ Hall, 1 Throgmorton Avenue,

London EC2N 2JJ

Polls are open from 8:00am to 8:00pm

The pre-election Wardmote will be held at Carpenter’s Hall at midday on Wednesday, 12 December 2018


I walk through the Ward every day, to and from work, and would be delighted to discuss Ward business.

Contact me by telephone 020 7562-9562, or via email, or by post to Z/Yen Group, 41 Lothbury, London EC2R 7HG.  For more campaign details see and @mrmainelli.

Aldermen and Common Councilmen are the unpaid volunteers who keep our community working.  In tough times for the City, with fierce international competition among financial centres, increasing uncertainty in financial services, more regulation, rising costs, and tight budgets, these volunteers are vital.

As the creator of the Global Financial Centres Index, I know what makes cities work.  Together we can make a success of our neighbourhood with a manifesto of:

  • safe streets – traditional policing, crime prevention, refuse collection, lighting, sensible licensing, and traffic enforcement;
  • modern infrastructure – water, electricity, ICT, and transportation links with robust defences against environmental damage and terrorism;
  • vibrant economy – fostering new and old businesses by setting policy and regulation that encourage new markets in the City and future success for the 483,000 of us already working here;
  • community spirit – ensuring excellent services for those in need, while enhancing intellectual and cultural life;
  • competitive attractiveness – lobbying central government on better policies for education, taxation, and business, as well as promotion, to keep the City foremost in global finance, technology, and media.

We have made great progress in Broad Street Ward in three major areas:

  • Refurbishment and all-but-pedestrianisation of Austin Friars – completed on budget and on time.  We have plans for more social and community activities in this area.  Please do look out next year for a street market.
  • On-site shredder vans – an outright ban seems a ways off, but we have reduced these vehicles to almost the minimum.
  • Communications – we now have high-speed broadband throughout the City and our website is in its fifth year.  @broadstreetward tries to ‘follow’ all businesses and people in the Ward, so please do ‘follow’ us by return!

Broad Street’s traditional mascot is the famous panto cat of its Alderman, Dick Whittingon (1354-1423).

My work on your behalf over the past five years has consisted of:

  • Ambassadorial – representing the City and Ward, including accompanying and receiving trade and investment delegations to and from Asia, Europe, the Americas, Africa, and Australasia. A number of businesses in finance and technology have located operations here thanks to such efforts.
  • Governance – promoting our interests in the Corporation as a member of the Court of Aldermen and Common Council, as well as Finance, Markets, Planning & Transportation, Standards, and Gresham Committees.
  • Ward Support – helping develop our City Giving Day contributions and Ward Mights, presenting in companies and schools, organising tours of the Ward, promoting new Freemen (ask if you’d like to become one), as well as being President of Broad Street Ward Club. 

Professor Michael Mainelli FCCA FCSI (Hon) FBCS, Executive Chairman, Z/Yen Group

A qualified accountant, securities professional, computer specialist, and management consultant, educated at Harvard University and Trinity College Dublin, Michael gained his PhD at London School of Economics where he was also a Visiting Professor.  He began his career as a research scientist, later becoming an accountancy-firm partner with BDO Binder Hamlyn and a director of Ministry of Defence research.  During a spell in merchant banking with Deutsche Morgan Grenfell, he co-founded Z/Yen, the City of London’s leading commercial think-tank.  He has led Z/Yen from creating smart ledgers (aka blockchains) through the Financial £aboratory, Taskforce 2000, Global Financial Centres Index, Global Green Finance Index, and Global Intellectual Property Index.

In 2005, Michael initiated Long Finance’s London Accord, an agreement among 65 investment research teams to work together on environmental, social, and governance issues, which includes Ward firms such as Canaccord Genuity, ING, and Deutsche Bank.  Michael’s civic work includes serving as Emeritus Professor of Commerce, Fellow & Trustee at Gresham College – the City’s ‘Tudor Open University’; Almoner (governor) for Christ’s Hospital – the City’s charitable boarding school; Trustee of Morden College; former London Waterways Commissioner; and Patron to several charities, such as CARA and Sea-Change Sailing Trust.

Michael is a non-executive director of two listed firms and the United Kingdom Accreditation Services overseeing UK laboratories and quality standards.  He was British Computer Society Director of the Year in 2005 and given Hons by the Chartered Institute for Securities & Investment in 2018.  His third book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize.

Promoted by Ms Ruby Sayed CC, One Pump Court Chambers, Elm Court, Temple, London EC4Y 7AH,

on behalf of Professor Michael Mainelli, Z/Yen Group Limited, 41 Lothbury, London EC2R 7HG.

2018 Aldermanic Campaign Begins

It is customary for Aldermen to give an undertaking to surrender their office at least every six years.  Elected in July 2013, I have taken the opportunity, in advance of running for Sheriff next year, to submit my resignation of office to the Court of Aldermen on 9 November.  At the same time, I also indicated my intention to seek re-election.  I submitted my nomination papers to the City of London Corporation on 16 November.  If the election is contested, it shall be held on 13 December.

I would like to thank profusely for their support of my nomination:

  • Proposer – Mr Nicholas Westgarth, Worshipful Company of International Bankers, Austin Friars
  • Seconder – Mr Karl Craig, Canaccord Genuity, Lothbury
  • Subscriber – Ms Mei Sim Lai OBE, Lai Peters, New Broad Street
  • Subscriber – Mr Roger Sanders OBE, Lighthouse Group, Throgmorton Street
  • Subscriber – Ms Elizabeth Corrin, China Construction Bank, Old Broad Street
  • Election Agent – Ms Ruby Sayed (Barrister), Temple

Divine Service Prior To The Election Of The Lord Mayor

1 October 2018 at 10:45 – This service is held at St Lawrence Jewry, the official church of the Corporation of London.  It precedes the election of the Lord Mayor and is attended by the Masters of the livery companies.

I’ve always been politely amused by the touching adaption of a well-known hymn for the City:

O Praise ye the Lord, fraternities all,
With each patron saint, with Lawrence and Paul,
Praise God in this City, in his name we strive,
And pray for our liveries, long may they survive.

O Masters of guilds, in livery adorned,
Your mysteries keep and strive to be formed
In charity, service, and care for the poor,
Bring God his due honour, and praise Him the more.

Prepare ye to serve, all Aldermen too,
In each of your tasks be faithful and true;
With eye to the Father, and ear on your ward
With all this City, O praise ye the Lord!

This year’s Lesson and Sermon were taken from Luke 16:1-9:

The Unjust Steward

1And he said also unto his disciples, There was a certain rich man, which had a steward; and the same was accused unto him that he had wasted his goods. 2And he called him, and said unto him, How is it that I hear this of thee? give an account of thy stewardship; for thou mayest be no longer steward. 3Then the steward said within himself, What shall I do? for my lord taketh away from me the stewardship: I cannot dig; to beg I am ashamed. 4I am resolved what to do, that, when I am put out of the stewardship, they may receive me into their houses. 5So he called every one of his lord’s debtors unto him, and said unto the first, How much owest thou unto my lord? 6And he said, An hundred measures of oil. And he said unto him, Take thy bill, and sit down quickly, and write fifty. 7Then said he to another, And how much owest thou? And he said, An hundred measures of wheat. And he said unto him, Take thy bill, and write fourscore. 8And the lord commended the unjust steward, because he had done wisely: for the children of this world are in their generation wiser than the children of light. 9And I say unto you, Make to yourselves friends of the mammon of unrighteousness; that, when ye fail, they may receive you into everlasting habitations. 

For some of us, it seemed too a propos a lesson on ‘client monies’.