Wardmote Speech

Today’s Wardmote at Carpenters’ Hall was well attended and lasted 25 minutes.  I hope to welcome any voters from 08:00 to 20:00 on Thursday, 4 July at Carpenters’ Hall.  

I set out today’s speech and campaign pledge below:

After 29 years working in Broad Street Ward, it is with some humility that I stand before you today to ask for your vote for Alderman.   I intend to say only a few words to avoid Soviet-era oratory.  It was said that after one of his lengthy, repetitive speeches that Soviet leader Leonid Brezhnev confronted his speechwriter.  “I asked for a 15 minute speech, but the one you gave me lasted an hour!”  The speechwriter replied: “Comrade, it was 15 minutes, but I gave you four copies…”.  You’ll be glad to hear I have a single copy.

You also have copies of my record and services to the City in print and media, so I thought I would touch on two things not in the record, my passion for the ward and what I hope to achieve if elected.  My interest in Broad Street Ward dates back to 1984 when the Stock Exchange was still in the Ward and I began working on the computerisation of businesses here.  Over the years I worked in various City firms from L Messel, the stockbrokers, to being one of the senior partners of Binder Hamlyn, the accountants, and back in the ward for a few years with Deutsche Morgan Grenfell before founding Z/Yen, widely recognised as the City of London’s leading think-tank and venture firm.  In 2004, I became Chairman of the Broad Street Ward Club and increased the Club’s size markedly.  I am passionate about this amazing heart of the City.  I do not want to be AN Alderman, I would like to be THE Alderman of Broad Street Ward, and you are the people who will decide that.

What do I seek to do?  Well, two things.  First, from canvassing for this post I’ve learned that many businesses have closed or left the ward.  Many electors have moved on or lost their jobs.  We constantly need to find ways to increase the ward’s attractiveness to businesses and residents.   There is a big desire among ward residents to explore ways of improving life in the ward.  Imaginative thinking might do wonders with the pedestrian zone around Drapers Gardens, the opportunities of Crossrail, or the charm of Throgmorton Street.  If elected, I would have six monthly informal meetings under the auspices of the Ward Club where businesses, residents and common councilmen can make strategic connections on these issues before planning begins.  Toss ideas around once every six months over beer & peanuts or wine & olives.

Second, I want to work from within the City of London Corporation on improving the City’s attractiveness to business.  We need to show that we are open to business and treat folks fairly in the City from wherever they hail, which has been my experience.  London needs to continue to dominate my firm’s Global Financial Centres Index.  This boils down to two tasks – providing local government that works for all, and lobbying central government for sensible policies that are friendly to any proper business.

Those are my two objectives – increase the ward’s attractiveness while ensuring that the City remains open for global business.  They say that there is no difference between the Constitutions of the USA and Russia.  Both guarantee freedom of speech.  Perhaps, but the Constitution of the USA also guarantees freedom after the speech – and you’re now free of mine.  But I do ask for your vote.  Please vote for Michael Mainelli tomorrow.  Thank you.

BSWC Logo Colour

By Air, Land & Sea

The election campaign has been going great guns for almost three weeks.  It’s a tough campaign and my fellow candidate has been meeting many of the electors as well. A wonderful group of friends have been fantastically supportive.  I couldn’t begin to name them all but I can characterise the campaign so far as cyber, air, land & sea:

  • cyber – these days it is trendy to talk about a fourth theatre as ‘cyber’, but we call it e-mailing.  Rather than peppering people, there has been a single email to all (well, all we could have a guess at) followed by precision emails, frequently sent on our behalf to one, two or three electors;
  • air – all postal voters were posted campaign flyers very early on, which really cuts into the tight budget that electoral law allows for the campaign;
  • land – the hard work – has been done on two fronts, a mass hand-delivery by several kind volunteers and me, plus direct canvassing.  John Bennett, John Scott and Chris Hayward have been exemplary at seeing their ward members.  Friends have picked up some of the firms they work in.  I’ve been helped in the direct door-to-door canvassing by many people, but I might pick out some of the bigger door-to-door visitors, Bob Reid, Mei Sim Lai, Ian Hillier-Brook, Mark Duff, Yvonne Duff, and my dear Elisabeth.  Bob visited 30 electors face-to-face yesterday alone.

And some observations?  Well, two things.  The ward list is quite out-of-date, yet only 18 months old (qualifying date was 1 September 2012 and in force from 16 February 2013 to 15 February 2014).  Many businesses have closed or left the ward.  Many electors have moved on or lost their jobs.  We constantly need to find ways to increase the ward’s attractiveness to businesses and residents.  Second, there is a big desire among ward members to explore ways of improving life in the ward.  More on this I hope at the wardmote.  Please do come to Carpenters’ Hall at 12:00 on Wednesday, 3 July, if you’d like, but even more importantly make all this canvassing worth it by voting at Carpenters’ Hall from 08:00 to 20:00 on Thursday, 4 July.  I hope to greet some of you there.

Watermen & Lightermen Hall

And sea?  Well, sadly for a Thames barge owner like me, Broad Street Ward is landlocked.  Happily though, I’m attending a luncheon today at the Watermen & Lightermen Hall down by the Thames where, though in Billingsgate Ward, I hope to meet a few more Broad Street electors.

Simply Messing About In Boats…

On Saturday, 29 June, the Chairman of the Broad Street Ward Club, our Common Councilman Chris Hayward, and the Secretary, Judith Rich, organised the most delightful day in Henley-on-Thames.  Saturday was the day before the Regatta, so the town and the teams were polishing and practising everywhere.  The day started with a whirlwind tour of the River & Rowing Museum.  This architecturally stunning museum combines several themes – rowing, the Thames, local Henley history, and The Wind In The Willows.  Then some of us took to the water for an hour to inspect the course.  In a spirit of gamesmanship, we used a stinkpot rather than a scull to give the crews a fighting chance.  Lunch is always a highlight of a Broad Street Ward Club day out, but in this case our Chairman used his connections as a member of the renowned Leander Rowing Club to have us dine above the river and amidst the pink hippos.

Following lunch we were permitted to view the Leander Club library where a delightful surprise emerged.  The library had been founded with a donation of 1,750 books from Tom Hoffman, also a Common Councilman and Gresham College Trustee.  I’d never known…  And I had to take this picture of An American Boy At Henley.

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Tickets to the museum are good for a year, so we returned after lunch for a second dose before catching the train home.  As Rat (Kenneth Grahame) solemnly observed, “there is NOTHING — absolute nothing — half so much worth doing as simply messing about in boats.”

Battle of the Quants

Working with Bartt Kellermann and Selvie Shaqiri to help bring their very successful US format here to the UK.  Very interesting session today discussing this brief title – “ From the Ephemeral Quant to the Eternal Coin: Short Term vs. Long Term Considerations when Allocating to Quantitative Based Strategies”.  Thankfully, some of our thoughts on Long Finance really rang a bell, and folks seemed to be interested in Asymmettric Gain-Loss Recognition, Performance Policy Bonds, Confidence Accounting, Irreversible Time, Unburnable Carbon, Internal Growth Rate as a key regulatory pension metric, and Volatility = Sustainability.  Wow.  Great crowd.

Eternal Coin Treadmill

Election of Sheriffs

I attended the annual election of two Sheriffs for the City of London today.  Alderman Sir Paul Judge (Ward of Tower) and Robert Adrian Waddingham CBE were elected by acclamation.

The new Sheriffs will be admitted into office on Friday 27 September ready to preside at the Election of the Lord Mayor on Monday 30 September.  They will hold the position for one year.

The office of Sheriff, a pre-requisite to becoming Lord Mayor, is one of the oldest in existence and dates back to the Middle Ages.  Their duties today include attending the Lord Mayor in carrying out his official duties, attending the sessions at the Central Criminal Court in the Old Bailey and presenting petitions from the City to Parliament at the Bar at the House of Commons.

If only it were so easy in Broad Street Ward (sigh), but a great ceremony at the Guildhall.

Guildhall

Battle of the Quants

Working hard to get elected and already finding that the number of speaking engagements is climbing sharply.  I’m speaking next week at Battle of the Quants.  This is a very popular New York event format which is coming to London a second time.  I’ve been given a succinct title – ” From the Ephemeral Quant to the Eternal Coin: Short Term vs. Long Term Considerations when Allocating to Quantitative Based Strategies”.  We’ll see how well this audience takes to Long Finance‘s thoughts on the long term.

Coin

Last Post

No, probably not the last blog note, just pointing out that yesterday, Wednesday 19 June, was the last opportunity for a postal vote application.  Voters are now committed either to come in person or a postal ballot.  On our side, we managed to get everyone in the ward either by post or hand (mostly hand!) a flyer and a postal application form by yesterday afternoon.

Meanwhile, it was also the last post for me at 22:20 last night.  I was presenting, with Dr Iain Saville, the Systems in the City Awards 2013.  Iain was on first and got the individual awards out of the way.  Then a ventriloquist came up – Nina Conti.  She’s possibly the funniest ventriloquist I’ve ever seen (and I’ve actually seen a few, including one last year in Germany the family booked).  Her act featured a mind-bending routine with a monkey.  Then, when the audience was well ready (ahem), up I pop for the corporate awards.  Was I the organ grinder?  While I may have drastically shortened my speech about yesterday’s Parliamentary Banking Commission on Banking Standards report, “Changing Banking for Good“, and Long Finance, the audience strangely didn’t seem to notice the cuts.  A good time was had by all, and there are some very proud winners this morning.