100 STUART ROSEChairman,

Britain Stronger in Europe

New entry

99 CHERYL POTTERPartner, Head of

Consumer, Permira

New entry

98 LADY BARBARA JUDGE

Chairperson, Pension Protection Fund; Chair of the Institute of Directors; Chair of the Energy Institute, UCL

Last year: 98

97 PETER CRUDDASFounder and CEO,

CMC Markets

New entry

96 JEFFREY MOUNTEVANS

Lord Mayor of London

New entry

95 SIMON COLLINSUK Chairman and

Senior Partner, KPMG

Last year: 93

94 PAUL PESTERCEO, TSB

Last year: 92

93 JOHN MCDONNELLShadow Chancellor

of the Exchequer

New entry

92 FRANCES MURPHYPartner, Morgan

Lewis; Chief of Corporate Practice, Slaughter & May

Last year: 85

91 ANDREW TYRIE, MPChairman, Treasury

Select Committee

Last year: 84

90 BILL WINTERSGroup CEO,

Standard Chartered

New entry

89 MICHAEL AND YOEL ZAOUI

Founders, Zaoui & Co

Last year: 83

88 CAROLYN FAIRBAIRN

Director General, CBI

New entry

87 JAMES LUPTONChairman,

Greenhill Europe

Last year: 81

86 SIR GEORGE IACOBESCU

Chairman and CEO, Canary Wharf Group

Last year: 73

85 IAIN ANDERSONExecutive Chairman,

Cicero Group

Last year: 96

84 ALEX WILMOT-SITWELL

Presidet for EMEA, Bank of America Merill Lynch

Last year: 80

83 KURT BJÖRKLUND AND TOM LISTER

Co-managing partners, Permira

Last year: 79 82 STEPHANIE FLANDERS

Managing Director and Chief Market Strategist for the UK and Europe, JP Morgan Chase & Co

Last year: 70

81 DARREN WESTLAKECofounder and CEO,

Crowdcube

Last year: 94

80 CRAIG DONALDSON

CEO, Metro Bank

Last year: 78

79 DAVID BLUMERHead of EMEA,

BlackRock

New entry

78 CLARE WOODMANCOO, Morgan

Stanley International

Last year: 99

77 DAVID HARDINGFounder and CEO,

Winton Capital Management

Last year: 74

76 PAUL MARSHALLCo-founder,

Chairman, CIO, Marshall Wace

Last year: 72

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THE CBI IS FIRMLY PRO EU MEMBERSHIP, CLAIMING THAT BRITAIN EXITING THE BLOC WOULD COST US £100BN AND 950,000 JOBS BY 2020

THIS YEAR’S LIST OF THE CITY’S MOST INFLUENTIAL POWER BROKERS MAY HAVE SOME FAMILIAR

FACES, BUT IN UNCERTAIN TIMES, THE TWO TOP SPOTS MIGHT NOT BE WHOM YOU’D EXPECT

CAROLYN FAIRBAIRN

DIRECTOR-GENERAL, CBI

Carolyn Fairbairn’s appointment as director-general of the Confederation of British Industry (CBI) marks the first time a female has held the post, but that’s not what is munching the column inches. Her new job comes at a shaky time for British business thanks to the looming EU referendum. The UK business lobby is firmly pro EU membership, claiming that Britain exiting the bloc would cost us £100bn and 950,000 jobs by 2020. “Leaving the European Union would be a real blow for living standards, jobs and growth,” the new DG added.

Fairbairn, a former Economist journalist and McKinsey management consultant, is already a fan of Europe. She and her husband own the beautiful Crillon le Brave hotel in Provence – the ideal place to rest an overwrought brain.

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75 GILES ANDREWSCo-founder,

Executive Chairman, Zopa

New entry

74 ROBERT PESTONPolitical Editor, ITV

Last year: 44

73 JOANNA SHIELDSMinister for Internet

Safety and Security, UK Governmet; Non-executive Director of the London Stock Exchange

Last year: 71

72 ROBERT CHOTEChairman of

the Office for Budget Responsibility

Last year: 69

71 GEMMA GODFREY

Founder and CEO, Moo.la

New entry

70 KAMAL AHMEDEconomics Editor, BBC

New entry

69 ROLLY VAN RAPPARD

Co-founder, Co-chairman, CVC Capital Partners

Last year: 67

68 JAYNE-ANNE GADHIA

CEO, Virgin Money

Last year: 75

67 KATHLEEN BACONManaging Director,

HarbourVest

Last year: 66

66 JOHN ARMITAGECofounder and CIO,

Egerton Capital

Last year: 95

65 ANDERS BOUVINCEO,

Handelsbanken UK

Last year: 65

64 NIGEL WILSONGroup CEO, L&G

New entry

63 SIR ALAN PARKERChairman, Brunswick

Last year: 63

62 JAMES C COWLESCEO for EMEA, Citi

New entry

61 OLIVER HOLBOURNHead of Capital

Markets, UKFI

New entry

60 IAN WACECo-founder, CEO

and Chief Risk Officer, Marshall Wace

Last year: 51

59 ANTHONY HABGOODChairman, RELX

Group; Chairman, Court of the Bank of England

Last year: 60

58 MARTIN GILBERTCo-founder and

CEO, Aberdeen Asset Management

Last year: 45

57 SIR JON CUNLIFFE

Deputy Governor for Financial Stability, Bank of England

Last year: 59

56 MARK KLEINMAN

City Editor, Sky News

Last year: 58

55 ZANNY MINTON BEDDOES

Editor-in-Chief, The Economist

Last year: 76

54 MICHAEL HINTZE

Founder, CEO and Senior Investment Officer, CQS

Last year: 57

53 MIKE WELLS

Group CEO, Prudential

New entry

52 BILL SMITH

CEO, Lazard Asset Management UK

Last year: 55

51 LIONEL BARBER

Editor, Financial Times

Last year: 54

GEMMA GODFREY

FOUNDER, MOO.LA

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

••

SINCE LEAVING A RATHER TRADITIONAL FINANCE JOB IN THE CITY, SHE’S NOW A REGULAR PUNDIT AND WAS COVER STAR OF OUR SISTER MAGAZINE, HEDGE, LAST YEAR

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50 ROLAND RUDDFounder and

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

Last year: 53

49 LORD TIM CLEMENT-JONES

London Managing Partner, DLA Piper International

Last year: 52

48 JIN CHENManaging Director

and CEO, ICBC UK

New entry

47 HELENA MORRISSEYCEO, Newton

Investment Management; Chair, Investment Association

Last year: 49

46 ANTHONY BROWNECEO, British

Bankers’ Association

Last year: 47

45 SAMIR DESAICo-founder and

CEO, Funding Circle

New entry

44 ARPAD BUSSONExecutive Chairman,

Gottex Fund Management

Last year: 43

43 NIGEL BOARDMAN

Partner, Slaughter & May

Last year: 42

42 LORD ROTHSCHILDFounder and

Chairman, RIT Capital Partners

Last year: 41

41 LIZ BINGHAMPartner,

Ernst & Young

Last year: 40

40 ALISTAIR DARLINGFomer Chancellor,

Board Member, Morgan Stanley

New entry

39 BEN BROADBENT Deputy Governor,

Monetary Policy Committee, Bank of England

Last year: 39

38 MARTIN SORRELLFounder and CEO,

WPP Group

Last year: 38

37 ANDREA ORCELPresident of

Investment Bank, UBS

Last year: 37

36 SIMON ROBEYCo-founder and

Partner, Robey Warshaw

New entry

35 ALEX SNOWCEO,

Landsdowne Partners

Last year: 35

34 PETER HORRELLManaging Director

for the UK, Fidelity Worldwide Investment

New entry

33 PETER MARTYRGlobal CEO,

Norton Rose Fulbright

Last year: 34

32 ANDREW BAILEYIncoming,

Head of FCA

Last year: 33

31 PIERRE LAGRANGE

Chairman of Man Asia and Managing Director of Man GLG

Last year: 32

30 IAN POWELLChairman and

Senior Partner, PwC

Last year: 31

29 SIR JEREMY HEYWOOD

Cabinet Secretary, Head of the Civil Service

Last year: 30

28 CRISPIN ODEYFounder,

Odey Asset Management

Last year: 29

27 JAMES BARDRICK

Country Officer for UK, Citigroup

Last year: 27

NEIL WOODFORD

FOUNDER & CEO, WOODFORD INVESTMENT MANAGEMENT

You know you’ve made it when your name becomes common parlance for being the best at something. Such is the case with Neil Woodford, Britain’s ‘star fund manager’,

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

TIDJANE THIAM

CEO, CREDIT SUISSE

‘Asia pivot’ has long been a phrase bandied about in the halls of the White House, but now it’s reached Cabot Square. Not even a year into the job as CEO of Credit Suisse, Tidjane Thiam is rebalancing towards 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 and convincing the bank to slash his bonus. So a quite year for the Ivory Coast-born banker then.

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26 TIDJANE THIAMCEO, Credit Suisse

Last year: 48

25 DAVID MORLEYWorldwide Senior

Partner, Allen & Overy

Last year: 26

24 EMMANUEL ROMANCEO, Man Group

Last year: 24

23 NATHAN BOSTOCKCEO, Santander UK

New entry

22 MATTHEW LAYTONManaging Partner,

Clifford Chance

Last year: 20

21 MICHAEL SPENCERGroup CEO, Icap

Last year: 19

20 NEIL WOODFORDHead of Investment,

CEO and Founder, Woodford Investment Management

Last year: 21

19 ROSS MCEWANCEO, RBS

Last year: 18

18 DAVID SPROULSenior Partner and

CEO, Deloitte UK

Last year: 17

17 XAVIER ROLETCEO, London Stock

Exchange

Last year: 13

16 INGA BEALECEO,

Lloyd’s of London

Last year: 16

15 STUART GULLIVER

Group Chairman, HSBC

Last year: 9

14 MARK BOLEATChairman, Policy

and Resources Committee, City of London Corporation

Last year: 12

13 DR NEMAT SHAFIKDeputy Governor,

Markets & Banking, Bank of England

Last year: 15

12 ANTONIO HORTA-OSORIO

Group CEO, Lloyds Banking Group

Last year: 1

11 JOHN CRYAN

Co-CEO, Deutsche Bank

New entry

10 DAVID CAMERONPrime Minister

Last year: 8

9 RICHARD GNODDECo-CEO, Goldman

Sachs International

Last year: 14

8 GEORGE OSBORNE

Chancellor of the Exchequer

Last year: 3

7 JES STALEY Group CEO, Barclays

New entry

6 DANIEL PINTOCorporate and

Investment Bank CEO, JPMorgan Chase & Co

Last year: 6

5 CHARLOTTE HOGG

COO, Bank of England

Last year: 5

4 MICHAEL SHERWOODVice Chairman,

Goldman Sachs; Co-CEO, Goldman Sachs International

Last year: 4

3 MARK CARNEYGovernor,

Bank of England

Last year: 2

2 BORIS JOHNSONMP

Last year: 23

BORIS JOHNSON

MP

In the build up to the EU referendum, Boris Johnson made a bold political move. His support of Brexit was an overt sign to the current guard that he’s coming for them. He may be the loudest trumpet for the Out campaign, but surely this decision was part of a larger play: Boris’s In campaign – in to Number 10, that is. With Cameron on the 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 of the OUTers in parliament will now owe, and show, their allegiance to Johnson come Tory leadership election time. Whatever the result on 23 June, Johnson is clearly hungry for power – which he may well get.

JES STALEY

CEO, BARCLAYS

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

American investment banker?) But Staley hasn’t had time to hit snooze. He’s already bedded in: by hiring many of his former JP Morgan colleagues. Some of his newest high-level appointments at Barclays include former JPM senior executive Paul Compton as chief operating officer, while the new head of risk, CS ‘Venkat’ 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 and a slashed dividend haven’t helped matters.

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WHATEVER THE RESULT ON 23 JUNE, BORIS JOHNSON IS CLEARLY HUNGRY FOR POWER – WHICH HE MAY WELL ACTUALLY GET

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A NEW KIND OF politics deserves a new kind of square mile Power 100 – and a very different kind

of ‘number one’ right at its top.Western polity has been

up-ended in recent times. The domination of the ‘usual suspects’ at the top of the tree is under threat. Grassroots hold more sway than before. Is there any going back? I think not.

As those traditional figures power down in influence, people power is more important than ever – and that’s why our top trump this year is the Great British public.

In a year that’s confounded the politicians and the pollsters, British voters hold more power over the future of the City than any single politician or corporate grandee could hope to have. In a word, it’s Brexit. It looms over finance, and its impact – if it happens – would be enormous.

Come 23 June, no corporation will hold more sway than another. No fund manager, no insurer, no hedgie, no magic circler, no single politician will have more

••

THE CITY IS A WORLD BEATER – AND THAT ARGUMENT WORKS FOR BOTH SIDES

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 more inclined to be out, the entire population across the UK, many far away from the this gleaming ‘mile’, carries your future in its hands.

So the stakes could not be higher for the City of London and everyone who works in it. And we are already seeing the impact on markets which are increasingly nervous.

We seem to love elections and referenda in Britain now. Or, at least, our politicians do. They are hooked on them. Indeed, it appears UK politics has taken on the appearance of the US electoral cycle. Barely has one election ended and we are fast debating the next one. It’s the mania of 24 hours and digital media.

In part it’s driving everyone crazy – this columnist included.

I’m sure you are already feeling pounded by the INers and the OUTers in this neverendum. But 23

June will soon be here and we should just take a moment to remind ourselves

what it may mean for the City.The City represents the motor of much of

the UK’s economy. It’s a world beater – and that argument works for both sides.

The INside case: it might be called Project Fear, but INers call it Project Reality. For the City, it is essentially about access to the single

market. Without those passporting rights, much of what goes on in the Square Mile is deemed to be under threat.

More than that, the pre-eminence of the City could be destroyed if we vote out. A financial transaction for an Italian company dealing in a Spanish trade that is currently ‘booked’ in London is likely to take place elsewhere. Some 40% of EU

financial transactions currently take place in London: do we really want to give that

up, ask the INners.British banks downgraded and

investment banks looking for a new home outside London: all very likely and already being planned. Oh, it might

not happen on day one. It might not be particularly obvious to the eye, but it is

already gamed. I spent time with one of the major US investment houses last year and it’s already actively courting Paris and Berlin for its new EU domicile if Brexit takes place. The exodus is real – it will happen.

For the OUTers, this is all hyperbole. They instantly point to the same City and media voices who now call for the UK to remain

as the same voices that said we should have joined the Euro; staying out of that didn’t do us any harm. They say the City of London has powered ahead to be the global capital of finance outside the Ezone. That the same banks that caused the financial crisis say we should stay in. And they point to many in the City affected by the Alternative Investment Fund Managers Directive (AIFMD) and Markets in Financial Instruments Directive (MiFID) who are desperate to leave the EU.

For many, these pros and cons are a real torment. I listened to a major speech in the City recently on the subject. The room was packed. Hundreds crowded into one of the major livery halls. People were attending as City workers and – of course – as voters. You could feel the bristling bloodrush of real emotions in the room – both for and against Brexit. The speech laid out a very unemotional, balanced case looking at the pluses and minuses of leaving the EU. But the conclusion was clear: for continued access to the single market, staying IN is vital.

When it came to questions, hardly anyone put their hand up. I was totally amazed given it was a subject that arouses so much passion and had attracted so many people to the room in the first place. Were they OUTers who were worried their boss might see them campaigning against the tide of corporate opinion? Were they shy INners who work with mates who want to get out and didn’t want to upset workaday friendships?

What I think was actually at play was the yin and yang of the emotional versus the practical. The conflict between ‘taking control’, as the OUTers argue, and the hard reality of ‘making your numbers’ in the current and immediate financial year.

As they poured out to catch the Drain to Waterloo or a cab to Chelsea, you could tell many were in torment.

Maybe that’s why so many voters still don’t know what to do on 23 June. Maybe that’s why 40% of voters won’t vote. But whatever we do in this referendum your vote is more powerful than ever. This year it makes you number one – make sure you use it. ■

OUR NUMBER ONE SPOT GOES TO YOU – THE BRITISH PUBLIC. YOUR VOTE CAN MAKE ALL THE DIFFERENCE TO THE FUTURE OF THE CITY, SAYS IAIN ANDERSON

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