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Thu, Jun 03, 2004 - Page 15 News List

Lord Mayor pays a visit in Sep.

By BTCO

The popular image of the City of London Lord Mayor is a smiling, elaborately costumed figure, waving from an 18th-century golden coach surrounded by colourful floats, bright costumes and bursting fireworks. It is all part of the annual bonanza that is the Lord Mayor Show.

Lawyer Robert Finch who is 59 and the 676th mayor to hold the office - acknowledges the fun. Even so, while agreeing that the job may well be called a venerable antiquity, he is also keen to stress that essentially, the Lord Mayor is there to promote a financial services industry that is growing in a climate of fierce competition. He faces a crowded working day serving markets in a city that never sleeps. Ceremonial is maybe five percent of the activity and often a lot less.

Within the narrow confines of the City -London financial sector - security houses, commodity and derivative dealers work alongside insurers, shipping companies, European banks and euro traders. It is over centuries of trading in these sectors that the City of London has earned its reputation as 'the place' to do business.

The office of the Lord Mayor is a potent symbol of the stability and continuity that has been enjoyed by the City of London for over 800 years. This factor, perhaps more than any other, has enabled the City of London to develop into the leading financial and business services trading centre in the world. It has more foreign banks than any other European financial centre and is also the largest international banking centre in Europe -- with most international banks having headquarters or at least one office in London.

We are delighted to announce that the Lord Mayor and his accompanying delegation will visit Taiwan between 8 and 12 September 2004. His main objective is to support the already strong bilateral relationship we share with Taiwan, to demonstrate the importance of the City of London to the Financial Services sector in Taiwan.

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