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STUART ROSE ANDREW TYRIE, MP 100 Chairman, 91 Chairman, Treasury Britain Stronger in Europe Select Committee New entry Last year: 84

CHERYL POTTER BILL WINTERS 99 Partner, Head of 90 Group CEO, Consumer, Permira Standard Chartered New entry New entry

LADY BARBARA MICHAEL AND 98 JUDGE 89 YOEL ZAOUI Chairperson, Pension Founders, Zaoui & Co Protection Fund; Chair of the Last year: 83 Institute of Directors; Chair of the Energy Institute, UCL CAROLYN Last year: 98 88 FAIRBAIRN Director General, CBI PETER CRUDDAS New entry 97 Founder and CEO, CMC Markets JAMES LUPTON New entry 87 Chairman, Greenhill Europe JEFFREY Last year: 81 96 MOUNTEVANS Lord Mayor of SIR GEORGE New entry 86 IACOBESCU Chairman and CEO, 88 SIMON COLLINS Canary Wharf Group 95 UK Chairman and Last year: 73 CAROLYN FAIRBAIRN Senior Partner, KPMG DIRECTOR-GENERAL, CBI Last year: 93 IAIN ANDERSON Executive Chairman, 85 Carolyn Fairbairn’s appointment as director-general of the Confederation of British Cicero Group PAUL PESTER Industry (CBI) marks the first time a female has held the post, but that’s not what 94 CEO, TSB Last year: 96 is munching the column inches. Her new job comes at a shaky time for British Last year: 92 business thanks to the looming EU referendum. The UK business lobby is firmly pro THIS YEAR’S LIST OF THE CITY’S MOST INFLUENTIAL ALEX WILMOT- EU membership, claiming that Britain exiting the bloc would cost us £100bn and JOHN MCDONNELL 84 SITWELL 950,000 jobs by 2020. “Leaving the European Union would be a real blow for living POWER BROKERS MAY HAVE SOME FAMILIAR Shadow Chancellor Presidet for EMEA, Bank of standards, jobs and growth,” the new DG added. 93 Fairbairn, a former journalist and McKinsey management consultant, of the Exchequer America Merill Lynch Economist FACES, BUT IN UNCERTAIN TIMES, THE TWO TOP is already a fan of Europe. She and her husband own the beautiful Crillon le Brave SPOTS MIGHT NOT BE WHOM YOU’D EXPECT New entry Last year: 80 hotel in Provence – the ideal place to rest an overwrought brain. FRANCES MURPHY KURT BJÖRKLUND 92 Partner, Morgan 83 AND TOM LISTER Lewis; Chief of Corporate Co-managing partners, Practice, Slaughter & May Permira Last year: 85 Last year: 79 STEPHANIE DARREN WESTLAKE CLARE WOODMAN 82 FLANDERS 81 Cofounder and CEO, 78 COO, Morgan PROFILES BY CATHY ADAMS Managing Director and Chief Crowdcube Stanley International Market Strategist for the Last year: 94 Last year: 99 UK and Europe, JP Morgan PHOTOGRAPH •• Chase & Co CRAIG DAVID HARDING THE CBI IS FIRMLY PRO EU Last year: 70 80 DONALDSON 77 Founder and CEO, by Niklas Halle’n/Afp/Getty Images MEMBERSHIP, CLAIMING THAT CEO, Metro Bank Winton Capital Management ICON KEY Last year: 78 Last year: 74 NEW ENTRY BRITAIN EXITING THE BLOC DAVID BLUMER PAUL MARSHALL SAME AS 2015 Head of EMEA, Co-founder, WOULD COST US £100BN UP FROM 2015 79 76 BlackRock Chairman, CIO, Marshall Wace DOWN FROM 2015 AND 950,000 JOBS BY 2020 New entry Last year: 72

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BILL BILL SMITH LIONEL BARBER MIKE MIKE WELLS

Last year: 55 Last year: 54 New entry

CEO, Lazard Asset Management UK Editor, Financial Times Group CEO, Prudential 52 51 53

MICHAEL MICHAEL HINTZE ZANNY MINTON ZANNY MINTON BEDDOES MARK MARK KLEINMAN ’s Fintech , Godfrey has launched an online ’s Last year: 57 Last year: 76 Last year: 58

Founder, CEO and Senior Founder, CQS Investment Officer, Editor-in-Chief, Editor-in-Chief, The Economist City Editor, City Editor, 54 55 56 City AM

SIR JON SIR JON CUNLIFFE GEMMA GODFREY FOUNDER, MOO.LA even if you didn’t know her name. Since probably recognise Gemma Godfrey, You’ll leaving a rather traditional finance job in the City – she was head of investment now a regular pundit strategy for Brooks Macdonald from 2012 to 2015 – she’s (BBC, CNBC, TEDx), and was cover star of our sister magazine, HEDGE, last year. A former number one on or algorithm-based online portfolio venture called Moo.la, which is a robo-advisor, targeted at the gap between ultra-high-net-worths and those without the manager, one translate all the fintech jargon: she’s funds to use a wealth manager at all. To to watch in this increasingly important space. 71 Last year: 59

Deputy Governor for Financial Bank of England Stability, 57 JAMES C COWLES CEO for EMEA, Citi OLIVER HOLBOURN Head of Capital IAN WACE CEO Co-founder, KATHLEEN BACON KATHLEEN Managing Director, JOHN ARMITAGE Cofounder and CIO, ANDERS BOUVIN CEO, NIGEL WILSON Group CEO, L&G SIR ALAN PARKER Chairman, Brunswick ANTHONY HABGOOD Chairman, RELX MARTIN GILBERT Co-founder and New entry New entry Last year: 51 Last year: 60 Last year: 45 Last year: 66 Last year: 95 Last year: 65 New entry Last year: 63

Markets, UKFI and Chief Risk Officer, Marshall Wace Group; Chairman, Court of the Bank of England CEO, Aberdeen Asset Management HarbourVest Egerton Capital Handelsbanken UK 62 61 60 67 66 65 64 63 59 58

ROLLY VAN VAN ROLLY RAPPARD JAYNE-ANNE GADHIA GEMMA GEMMA GODFREY KAMAL AHMED Economics BBC Editor, GILES ANDREWS Co-founder, ITV Political Editor, JOANNA SHIELDS Minister for Internet ROBERT CHOTE Chairman of

com . NEW ENTRY SAME AS 2015 UP FROM 2015 DOWN FROM 2015

New entry New entry Last year: 67 Last year: 75 New entry Last year: 44 Last year: 71 Last year: 69

ICON KEY •• TRADITIONAL A RATHER SINCE LEAVING SHE’S NOW A IN THE CITY, FINANCE JOB OF COVER STAR AND WAS REGULAR PUNDIT YEAR MAGAZINE, HEDGE, LAST OUR SISTER Founder and CEO, Moo.la Co-chairman, Co-founder, CVC Capital Partners CEO, Virgin Money squaremile Executive Chairman, Zopa UK Safety and Security, Governmet; Non-executive Director of the London Stock Exchange the Office for Budget Responsibility 69 68 71 70 75 74 73 72

PHOTOGRAPH by David Harrison PHOTOGRAPH (Thiam) by Simon Dawson/Bloomberg via Getty Images; (Woodford) REX/Shutterstock com .

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PETER MARTYR Global CEO, ANDREW BAILEY Incoming, PIERRE LAGRANGE IAN POWELL Chairman and SIR JEREMY SIR JEREMY HEYWOOD CRISPIN ODEY Founder, JAMES BARDRICK

Last year: 31 Last year: 30 Last year: 29 Last year: 27 Last year: 34 Last year: 33 Last year: 32

Senior Partner, PwC Senior Partner, Cabinet Secretary, Head of the Civil Service Odey Asset Management Country Officer for UK, Citigroup Norton Rose Fulbright Head of FCA Chairman of Man Asia and Managing Director of Man GLG 33 32 31 30 29 28 27

becomes common parlance for being the best at something. Such is the case with ‘star fund manager’, Britain’s Neil Woodford, NEIL WOODFORD FOUNDER & CEO, WOODFORD INVESTMENT MANAGEMENT know you’ve made it when your name You ALEX SNOW CEO, PETER HORRELL Managing Director BEN BROADBENT BEN BROADBENT Deputy Governor, MARTIN SORRELL Founder and CEO, ANDREA ORCEL President of SIMON ROBEY Co-founder and NEW ENTRY SAME AS 2015 UP FROM 2015 DOWN FROM 2015

New entry Last year: 35 New entry Last year: 39 Last year: 38 Last year: 37

ICON KEY Landsdowne Partners for the UK, Fidelity Worldwide Investment Monetary Policy Committee, Monetary Policy Committee, Bank of England WPP Group Investment Bank, UBS Robey Warshaw Partner, 35 34 39 38 37 36

LIZ BINGHAM Partner, DARLING ALISTAIR Fomer Chancellor, who blows out the candles on his eponymous firm’s second birthday cake next month. next cake birthday second firm’s eponymous his on candles the out blows who income fund is doing predictably flagship equity Investment Management’s Woodford Patient well – soaring 18.7% since launch to end February – although his Woodford which invests mainly in early-stage British companies, fell on some Capital Trust, The famous fund manager trumpets greater harder times at the end of last year. transparency in the industry and recently stopped charging research fees. 20 Last year: 40 New entry

Ernst & Young Board Member, Morgan Stanley 41 40 26

NIGEL NIGEL BOARDMAN LORD ROTHSCHILD Founder and TIDJANE TIDJANE THIAM CEO, CREDIT SUISSE ‘Asia pivot’ has long been a phrase bandied about in the halls of the White reached Cabot Square. Not even a year into the House, but now it’s Thiam is rebalancing towards job as CEO of Credit Suisse, Tidjane the East. Including, gasp, investment in China. Other jobs on his 12-month ledger have included tackling a major restructuring, speaking out against tax avoidance in light of the Panama Papers the and convincing the bank to slash his bonus. So a quite year for Ivory Coast-born banker then. Last year: 42 Last year: 41

Partner, Slaughter & May Partner, Chairman, RIT Capital Partners 43 42

SAMIR DESAI Co-founder and ARPAD BUSSON Executive Chairman, ANTHONY BROWNE CEO, British Managing Director HELENA MORRISSEY CEO, Newton LORD TIM LORD TIM CLEMENT-JONES JIN CHEN ROLAND RUDD Founder and

Last year: 43 New entry Last year: 47 Last year: 49 New entry Last year: 52 Last year: 53

074 Gottex Fund Management CEO, Funding Circle Bankers’ Association Investment Management; Investment Association Chair, and CEO, ICBC UK London Managing Partner, London Managing Partner, DLA Piper International

Chairman, Finsbury; Chairman, Business for New Europe; Treasurer, Britain Stronger in Europe 44

45 46

47 48

49 50 PHOTOGRAPHS (Staley) by Chris Goodney/Bloomberg; (Boris) Dan Kitwood/Getty Images com . squaremile

POWER MICHAEL SHERWOOD Vice Chairman, MARK CARNEY Governor, BORIS JOHNSON MP 2 Last year: 4 Last year: 2 Last year: 23

Goldman Sachs; Co-CEO, Goldman Sachs; Co-CEO, Goldman Sachs International Bank of England 4 3 2

way out – possibly sooner that he’d like – and Osborne floundering after a chaotic Budget, Johnson needed to act. Even if we stay in the EU, Johnson has played a strong hand, as many in parliament will now owe, and of the OUTers Johnson come Tory their allegiance to show, leadership election time. Whatever the result on 23 June, Johnson is clearly hungry for power – which he may well get. BORIS BORIS JOHNSON MP In the build up to the EU referendum, Boris Johnson made a bold political move. His support of Brexit was an coming overt sign to the current guard that he’s for them. He may be the loudest trumpet for the Out campaign, but surely this decision was In campaign – in part of a larger play: Boris’s to Number 10, that is. With Cameron on the DANIEL PINTO Corporate and CHARLOTTE CHARLOTTE HOGG JES STALEY JES STALEY Group CEO, Barclays New entry Last year: 6 Last year: 5

Investment Bank CEO, JPMorgan Chase & Co COO, Bank of England 6 5 7

DR NEMAT SHAFIK DR NEMAT Deputy Governor, ANTONIO HORTA-OSORIO JOHN CRYAN CAMERON DAVID Prime Minister STUART STUART GULLIVER MARK BOLEAT Chairman, Policy RICHARD GNODDE Co-CEO, Goldman GEORGE GEORGE OSBORNE NEW ENTRY SAME AS 2015 UP FROM 2015 DOWN FROM 2015

Last year: 15 Last year: 1 New entry Last year: 8 Last year: 14 Last year: 3 Last year: 9 Last year: 12

ICON KEY Markets & Banking, Bank of England Group CEO, Lloyds Banking Group Co-CEO, Deutsche Bank Sachs International Chancellor of the Exchequer Group Chairman, HSBC and Resources Committee, City of London Corporation 9 8 13 12 11 10 15 14 WHICH HE MAY WHICH HE MAY –

INGA BEALE CEO, ROSS MCEWAN CEO, RBS SPROUL DAVID Senior Partner and ROLET XAVIER CEO, London Stock Last year: 16 Last year: 18 Last year: 17 Last year: 13

POWER GET WELL ACTUALLY Lloyd’s of London Lloyd’s •• ON THE RESULT WHATEVER 23 JUNE, BORIS JOHNSON FOR HUNGRY IS CLEARLY CEO, Deloitte UK Exchange 16 19 18 17

appointed chief executive at Barclays last autumn. (Does everybody remember the last time the British lender hired an JES STALEY CEO, BARCLAYS No doubt alarm bells began to ring when James Edward ‘Jes’ Staley was

NEIL WOODFORD Head of Investment, MATTHEW LAYTON MATTHEW Managing Partner, MICHAEL SPENCER Group CEO, Icap EMMANUEL ROMAN CEO, Man Group BOSTOCK NATHAN CEO, Santander UK CEO, Credit Suisse MORLEY DAVID Senior Worldwide TIDJANE THIAM

and a slashed dividend haven’t helped matters. as chief operating officer, while the new head of risk, CS ‘Venkat’ as chief operating officer, Venkatakrishnan, has been cherry-picked from the New York office. Staley might need the support of his mates: a planned scaling back of its African operations, a drop in full-year profits American investment banker?) But Staley hasn’t had time to hit American investment banker?) But Staley hasn’t had time to hit already bedded in: by hiring many of his former JP snooze. He’s Morgan colleagues. Some of his newest high-level appointments at Barclays include former JPM senior executive Paul Compton 7

Last year: 21 Last year: 19 Last year: 20 New entry Last year: 24 Last year: 26 Last year: 48

076 CEO and Founder, Woodford Woodford CEO and Founder, Investment Management Clifford Chance

Partner, Allen & Overy Partner, 20 21 22 23 24 25 26 POWER

power. It’s one person, one vote on 23 June •• – if you bother to turn up, that is. With OUTers seemingly more motivated to vote and baby boomers THE CITY IS A WORLD more inclined to be out, the entire BEATER – AND THAT population across the UK, many far away from the this gleaming ‘mile’, ARGUMENT WORKS carries your future in its hands. So the stakes could not be higher for the FOR BOTH SIDES City of London and everyone who works in it. And we are already seeing the impact on OUR NUMBER markets which are increasingly nervous. as the same voices that said we should have ONE SPOT We seem to love elections and referenda joined the Euro; staying out of that didn’t do in Britain now. Or, at least, our politicians do. us any harm. They say the City of London GOES TO YOU They are hooked on them. Indeed, it appears has powered ahead to be the global capital – THE BRITISH UK politics has taken on the appearance of of finance outside the Ezone. That the same the US electoral cycle. Barely has one election banks that caused the financial crisis say we PUBLIC. YOUR ended and we are fast debating the next one. should stay in. And they point to many in the VOTE CAN It’s the mania of 24 hours and digital media. City affected by the Alternative Investment MAKE ALL THE In part it’s driving everyone crazy – Fund Managers Directive (AIFMD) and this columnist included. Markets in Financial Instruments Directive DIFFERENCE TO I’m sure you are already feeling (MiFID) who are desperate to leave the EU. THE FUTURE OF pounded by the INers and the For many, these pros and cons are a real OUTers in this neverendum. But 23 torment. I listened to a major speech in the THE CITY, SAYS June will soon be here and we should City recently on the subject. The room was IAIN ANDERSON just take a moment to remind ourselves packed. Hundreds crowded into one of the what it may mean for the City. major livery halls. People were attending The City represents the motor of much of as City workers and – of course – as voters. the UK’s economy. It’s a world beater – and You could feel the bristling bloodrush of real NEW KIND OF politics deserves that argument works for both sides. emotions in the room – both for and against a new kind of square mile Power The INside case: it might be called Project Brexit. The speech laid out a very unemotional, A 100 – and a very different kind Fear, but INers call it Project Reality. For the balanced case looking at the pluses and of ‘number one’ right at its top. City, it is essentially about access to the single minuses of leaving the EU. But the conclusion Western polity has been market. Without those passporting rights, was clear: for continued access to the single up-ended in recent times. The much of what goes on in the Square Mile is market, staying IN is vital. domination of the ‘usual suspects’ deemed to be under threat. When it came to questions, hardly anyone at the top of the tree is under threat. More than that, the pre-eminence of put their hand up. I was totally amazed given Grassroots hold more sway than before. the City could be destroyed if we vote it was a subject that arouses so much passion Is there any going back? I think not. out. A financial transaction for an Italian and had attracted so many people to the As those traditional figures company dealing in a Spanish trade that room in the first place. Were they OUTers power down in influence, is currently ‘booked’ in London is likely who were worried their boss might see them people power is more to take place elsewhere. Some 40% of EU campaigning against the tide of corporate important than ever – and financial transactions currently take place opinion? Were they shy INners who work with that’s why our top trump in London: do we really want to give that mates who want to get out and didn’t want to this year is the Great up, ask the INners. upset workaday friendships? British public. British banks downgraded and What I think was actually at play was the In a year that’s investment banks looking for a new yin and yang of the emotional versus the confounded the home outside London: all very likely practical. The conflict between ‘taking control’, politicians and the pollsters, and already being planned. Oh, it might as the OUTers argue, and the hard reality of British voters hold more power not happen on day one. It might not be ‘making your numbers’ in the current and over the future of the City than any particularly obvious to the eye, but it is immediate financial year. single politician or corporate grandee could already gamed. I spent time with one of the As they poured out to catch the Drain to hope to have. In a word, it’s Brexit. It looms major US investment houses last year and it’s Waterloo or a cab to Chelsea, you could tell over finance, and its impact – if it happens – already actively courting Paris and Berlin for many were in torment. would be enormous. its new EU domicile if Brexit takes place. The Maybe that’s why so many voters still don’t Come 23 June, no corporation will exodus is real – it will happen. know what to do on 23 June. Maybe that’s why hold more sway than another. No fund For the OUTers, this is all 40% of voters won’t vote. But whatever we do manager, no insurer, no hedgie, hyperbole. They instantly point to in this referendum your vote is more powerful no magic circler, no single the same City and media voices than ever. This year it makes you number one politician will have more who now call for the UK to remain – make sure you use it. ■

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