Next Lord Mayor of the City of London elected

Peter Estlin has today been elected as the 691st Lord Mayor of the City of London. As the elected head of the City of London Corporation, he will serve as a global ambassador for the UK-based financial and professional services industry from 9 November 2018 for a one-year term.

Alderman Estlin – who will take a sabbatical from his role as a Senior Advisor to Barclays plc – will succeed the current Lord Mayor, Charles Bowman, following the Silent Ceremony on Friday 9 November at Guildhall. The annual Lord Mayor’s Show takes place on Saturday 10 November, which will be followed by the Lord Mayor’s Banquet on Monday 12 November at Guildhall where the Prime Minister, Theresa May, will deliver a speech.

The Lord Mayor acts as an international spokesperson for the City, leading business delegations overseas to key international markets on behalf of the UK’s financial and professional services industry. In the role he will meet government representatives from around the world, alongside business leaders and policy makers both at home and abroad. He will look to strengthen economic ties with the UK, identify new business opportunities and promote the UK as a top global destination for foreign investment. He is expected to spend more than 100 days abroad visiting thirty countries across six continents.

During his Mayoral year, Alderman Estlin will also look to promote his ‘Shaping tomorrow’s City today’ agenda which will build on the current Lord Mayor’s theme of “the business of trust” and focus on promoting innovation and championing digital skills across the UK. The programme has three key aspects: promoting innovation & technology, championing digital skills, and addressing social inclusion. It will be underpinned by research that identifies digital skills gaps and opportunities for the UK. Alderman Estlin’s mayoral theme will guide his entire year, influencing international visits, ceremonial and state banquets, business and livery events, and charitable activities.

Peter Estlin said:

“I am honoured to be elected as the 691st Lord Mayor. The City is a national asset for the UK, driving investment and creating millions of jobs across the country.

“The UK financial and professional services faces a critical moment as we prepare to leave the European Union in March 2019. I will champion a focus through and beyond Brexit that maintains London’s role as a world leading financial centre and which ensures we remain open for business not only from the European continent but globally.

“We are clear that both the UK and EU authorities should urgently tackle cliff-edge issues such as contract continuity, which could affect cross border insurance and pensions. Implementing a transition agreement and delivering a deal on the future UK-EU relationship which adequately covers the sector are also major priorities.“Beyond Brexit, we need to make sure that the City rises to new challenges and opportunities. People and businesses across the UK need to be able to take

advantage of new technologies and innovations to help themselves and drive economic growth. My ‘Shaping tomorrow’s City today’ programme will work to ensure that individuals and businesses are equipped to take advantage of this new digital revolution and ensure that no one is left behind by it.”

Peter Estlin’s Biography

  • Peter (57) is a Senior Advisor to Barclays plc having been educated at King Edward’s Witley and the University of Bristol. He trained as a Chartered Accountant, becoming a partner with Coopers & Lybrand in 1993.
  • 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.
  • His non-executive appointments include HM Treasury (NED Audit Committee - 2015 to date), Bridewell Royal Hospital, a foundation for disadvantaged children (Chairman - 2006 to date; Governor - 1993 to date), Morden College (Trustee - 2015 to date), Trust for London (Board member 2016 to date) and latterly British Airways International Advisory Board (Member 2007- 2012, Chairman - 2012 to 2015) and London Fairness Commission (Commissioner - 2015 to 2017),
  • He was elected an Alderman of the City of London in 2013 and was elected Sheriff for the City of London for the year 2016/17. His civic responsibilities include being a member of the City’s Education Board and Policy Committee.
  • Peter is married to Lindy, with one son, James, who is a chartered accountant with KPMG, and two daughters, Victoria, who is a doctor working in the NHS, and Annabel, who is undertaking a Masters in epidemiology at Cambridge University. They live in Tunbridge Wells although spend most of the week in London.