Senior CISX employee achieves Liveryman status in City of London
Advocate Diana Thompson, Assistant Director, Legal & Corporate Affairs, at the Channel Islands Stock Exchange, has been elevated to Liveryman of the Worshipful Company of International Bankers. This honour follows on from the Freedom of the City awarded to her in 2008.
Mrs Thompson attended the Liveryman ceremony in Drapers Hall in September. The Worshipful Company, which includes members drawn from with the City’s banking and financial services community, chooses its Liverymen on the basis of membership seniority, seniority in the City and contribution to the Company.
Mrs Thompson commented:
“It is a great pleasure to progress to Liveryman of the Worshipful Company of International Bankers. As a Freeman of the Worshipful Company, I have found the networking opportunities invaluable and I am sure becoming a Liveryman will allow me to forge further meaningful business links. The Worshipful Company provides an excellent means by which to strengthen ties between the City, the CISX and to the Channel Islands as a whole.”
The affairs of the Worshipful Company are managed by the Court of Assistants: the Master, Wardens and Court Members, currently 24 in total, all of whom are Liverymen. Ms Tamara Menteshvili, Chief Executive of the CISX is a Court Assistant and shares that role with other City stalwarts such as Angela Knight, British Bankers Association, Cliff Dammers, former Secretary General of the International Primary Market Association and Brian Winterflood, Winterflood Securities Ltd. The current Master is Alderman Roger Gifford, UK Country Manager for SEB (Skandinaviska Enskilda Bank) one of Europe’s leading investment banks. Previous Masters have included Lord George of St Tudy (former Governor of the Bank of England) and Sir Brian Pitman (former Chairman of Lloyds TSB Group, Senior Adviser Morgan Stanley & Co International.
So what does being a Liveryman entail? Liverymen of at least one year’s standing form a special electorate known as Common Hall. In the Square Mile London, it is still the prerogative of Liverymen alone to elect the Sheriffs and to submit two candidates for the office of Lord Mayor and to vote at the elections for these posts. A Liveryman can stand for the post of Sheriff of the City of London and is involved in a number of committees and sub-committees of the Corporation of London, concerned with education, charity, the community, events, ceremonies and the arts.
The Worshipful Company of International Bankers has roots that go back to the Lombard Association, the Bankers Club and the Foreign Banks and Securities Houses Association. It was the foreign bankers who wanted a stronger identity and it was they who considered that the status of a guild and livery company to be desirable. However, until 1999 non-British subjects were debarred from becoming Freeman and Liveryman of the City of London. This is partly why the Worshipful Company of International Bankers has such a rapid timeline. The Company became a Guild in 2001, then a Livery Company in 2004, and became incorporated by Royal Charter in December 2007.
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