London,
04
July
2019
|
17:30
Europe/Amsterdam

Lord Mayor of London travels to South East Asia to boost green and Islamic finance ties

The Lord Mayor of the City of London Peter Estlin will travel to Malaysia and Indonesia next week (8 to 11 July 2019) to strengthen financial ties between the UK and South East Asia.

Traveling to Jakarta and Kuala Lumpur alongside a representative from the London Market Group, the Lord Mayor will hold discussions with government, regulator and industry leaders on building cooperation in green and Islamic finance. He will also provide reassurance about London’s long-term strengths to Asian partners in advance of the UK’s scheduled departure from the European Union.

Estlin serves as an international ambassador for the UK’s financial and professional services sector and visits around 30 key international markets during his year in office to boost trade ties. This trip marks his third visit to Asia since taking office.

In both countries, discussions are expected to focus on increasing collaboration in green finance, leveraging the UK’s role as a world-class centre for the mobilisation of green capital alongside the expertise of Malaysia and Indonesia in Islamic finance. The Lord Mayor will also introduce the UK’s newly established Green Finance Institute, and discuss how it can play a role in sharing best practice in green finance. Launched last week in London (2 July), the Institute– funded by the City Corporation and HM Government – is a ‘one-stop shop’ for all work relating to the sector. More information is available at https://www.gfi.green/.

In Kuala Lumpur the Lord Mayor’s meetings include the Civil Service Pension Fund KWAP, the Malaysia Green Finance Taskforce, the Governor of Bank Negara Malaysia, and the Kuala Lumpur Business Club. Moving to Jakarta, he will meet with the Minister of Finance, Bank Indonesia, the OJK, the Islamic Finance Association and Bank Mandiri.

Events will also be held as part of the Lord Mayor’s Shaping Tomorrow’s City Today campaign, which aims to promote innovation and technology, champion digital skills and address digital and social inclusion across the UK and around the world.

Lord Mayor of London Peter Estlin said:

“I am hugely excited to be returning to Asia for the third time during my Mayoralty, in a visit that sees me travel to Jakarta and Kuala Lumpur – two of the most exciting, future facing cities on the planet.

“The arrival of the fourth industrial revolution is providing new opportunities for greater collaboration, and it is important that we harness opportunities for partnership around the world.

“I therefore look forward to discussing how we can boost ties in areas including fintech, infrastructure financing, greater capital market connections, green and Islamic Finance.”

Peter Estlin is a Senior Adviser to Barclays plc having joined in 2008. Most of his career has been spent in banking, initially as CFO for Salomon Brothers Asia, then CFO for Citigroup’s Investment and Corporate Banking divisions in New York and London. He joined Barclays in 2008 as Group Financial Controller and has been CFO of the Retail & Business Banking and Non-Core divisions as well as Acting Group CFO.

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

For more information contact:

Nathan Rodgers, Media Officer for Asia

City of London Corporation

Nathan.rodgers@cityoflondon.gov.uk

0207 332 3451 / 07864 625086