The Power 1000 - London's most influential people 2013: Deal makers, The City

Optimism is in the air as the economy shows signs of recovery and the stock market is buzzing after a string of big-money flotations and takeovers. A continued influx of international money — not to mention foreign bankers and tycoons — is helping London maintain its reputation as Europe’s premier global financial capital
Bank of England governor Mark Carney
REUTERS/Simon Dawson
19 September 2013

Mark Carney
Bank of England, Governor
NEW ENTRY
The capital’s most high-profile import this year has brought a breath of fresh air to the warren-like and deeply traditional Bank. Hand-picked by the Chancellor to resuscitate the British economy with a fresh approach to monetary policy, Clooney lookalike Carney learned to deal with hard knocks in his ice hockey days. Initially doubtful about the role, in summer the former Bank of Canada governor returned to the capital where he once worked for Goldman Sachs. Accompanying him is his economist wife Diana, whom he met at Oxford, and their four daughters.

Michael Sherwood
Goldman Sachs International, co-chief executive
North London born and bred, Sherwood is a huge figure in Goldman — not only in the City but also as the “Vampire Squid” bank’s vice-chairman on Wall Street. He is seen as an outside shot to land the top job one day when Lloyd Blankfein has had enough. A Spurs season ticket-holder, he is a very generous donor to charitable causes.

Richard Gnodde
Goldman Sachs International, co-chief executive
South African who shares equal footing at the top of Goldman in London with Mike Sherwood — he is the less abrasive of the pair. They co-wrote a warning letter that a divorce from the European Union would harm British business and the City. Tall, patrician and a consummate deal-maker.

Stuart Gulliver
HSBC, chief executive
The star investment banker hasn’t been afraid to make a break with the past since rising to the top job two years ago. Some 40,000 jobs have gone on his watch as the bank gets back in shape and focuses on growth markets, with another 14,000 under threat. HSBC was fined £1.2 billion by the US authorities for helping Mexican drug barons launder money.

Antony Jenkins
Barclays, chief executive
Is Barclays boring yet? Jenkins’s efforts to make the lender yawn-inducing were dealt a blow when he suggested the bank could cut lending to meet new financial strength targets set by regulators. Bob Diamond’s successor joined Barclays as a graduate trainee in the bank’s South Kensington branch in 1983 before rising to become retail chief.

Charlotte Hogg
Bank of England, chief operating officer
NEW ENTRY
Perhaps the biggest sign of change at Threadneedle Street is the arrival of the former Santander executive to manage the day-to-day running of the enlarged bank so Governor Mark Carney can focus on the bigger policy picture. Well-connected Hogg’s parents, Douglas and Sarah, both had top roles in Sir John Major’s government.

António Horta-Osório
Lloyds Banking Group, chief executive
The Portuguese is close to riding the Black Horse bank back out of public ownership, with a sale of the government’s 39 per cent stake in the pipeline over the next year or so. The only blot on the smooth ex-Goldman banker’s horizon is the failed sale of 631 branches to the Co-op. A six-week spell off work with exhaustion is a distant memory.

Ivan Glasenberg
Glencore Xstrata, chief executive
May’s £50 billion mega-merger was years in the making for the billionaire commodities trader who runs and swims as hard as he works. The South African freely admits his staff have little social life — but they are handsomely rewarded for it. A shareholder putsch of Xstrata directors left Glasenberg in full control of an empire that produces and trades everything from wheat to copper.

Ross McEwan
Royal Bank of Scotland, chief executive
NEW ENTRY
The Kiwi came from the Commonwealth Bank of Australia to run RBS’s UK retail operations and replaces Stephen Hester from October. He has the backing of the Chancellor but must ensure the 81 per cent taxpayer-backed bank adapts its strategy and increases lending to small businesses.

Ana Patricia Botin
Santander UK, chief executive
The tough-talking Spanish banking scion is trying to rebalance her business by granting more loans to small and medium sized businesses and reducing mortgage lending. Golf coaching from her late brother-in-law Seve Ballesteros was put to good use in a pro-am event last summer with Rory McIlroy, who advertises Santander’s 123 account. A UK stock market float is still on ice.

Simon Robey
Robertson Robey, co-founder
One of the City’s top rainmakers barely paused for breath when he exited Morgan Stanley after 25 years to strike out on his own in a small boutique firm with Goldman Sachs veteran Sir Simon Robertson. He is also chairman of the Royal Opera House and was tasked with replacing Tony Hall when he was drafted in to run the BBC. Believes companies should better support London’s leading arts organisations.

Xavier Rolet
London Stock Exchange, chief executive
The urbane Frenchman is rubbing his hands at the prospect of a fresh crop of stock market listings and remains adamant that Europe needs a strong City of London to thrive. Scored a victory when the Government scrapped stamp duty for the junior Aim market. Keeps bees at his family’s converted medieval priory in Provence.

Rory Lindsay

John Fallon
Pearson, chief executive
NEW ENTRY
It was a textbook handover at the top of the education giant from long-serving Dame Marjorie Scardino to her former communications director and globetrotting lieutenant. Fallon’s appointment heralded a clearout of executives, and the promise to up the pace of change, with a focus on international and digital development that restarted chatter about the future ownership of the Financial Times.

Sir Mike Rake
BT chairman and CBI president
He may have been relieved to step back as chairman of airline easyJet, but the KPMG veteran has still kept busy, first replacing Sir Roger Carr at the helm of the employers’ body the CBI, and then shuffling the BT board after Ian Livingston quit to be trade minister.

Davide Serra
Algebris, chief executive
NEW ENTRY
Italian-born hedge fund manager who is close to David Cameron and was snapped walking into Downing Street with briefing papers on why Britain’s banking industry should be more like Canada’s. Founded Algebris in 2006 and is said to manage £1 billion in assets. Well regarded in Whitehall, which invited him to talk at a big UK Trade & Investment conference in May.

Neil Woodford
Invesco, fund manager
Arguably Britain’s top fund manager, he is responsible for hundreds of thousands of people’s pensions. Woodford poured cold water on the proposed merger of defence company BAE with European aerospace giant EADS, but he had less sway at G4S, where support for Nick Buckles didn’t prevent the security boss from losing his job after the Olympic Games security fiasco.

Alex Snow
Lansdowne Partners, chief executive
NEW ENTRY
The former Harlequins and England rugby player didn’t take long to get back into the City scrum after departing investment bank Investec. Snow is replacing Sir Paul Ruddock at the helm of the £9 billion hedge fund group. Evolution, the stockbroker he founded, was acquired by Investec two years ago for £230 million.

Lord Davies
Corsair Capital, vice-chairman
NEW ENTRY
The self-effacing former trade minister is best known for propelling more women into the boardroom after his Women on Boards report, recommending that 25 per cent of FTSE 100 board seats should be in female hands by 2015. But he has recently spent more time concentrating on the banking world through Corsair Capital — working on a bid for 316 branches being hived off by Royal Bank of Scotland and on plans for taking a stake with sovereign wealth funds in Lloyds. Also chairs Chime Communications.

Simon Collins
KPMG UK, chairman and senior partner
Keen to catch up on rivals PwC and Deloitte. The acquisition of investor relations firm Makinson Cowell by KPMG marked an interesting opening gambit by Collins. The former NatWest and SG Warburg financier set up a debt advisory practice for the firm when he switched to beancounting in 1998.

Martin Gilbert
Aberdeen Asset Management, chief executive
The ruddy-faced Scot marked his fund manager’s 30th birthday with a bash at Mansion House as assets passed the £200 billion mark. He had less to celebrate after the deeply unpopular £615 million rights issue at transport company FirstGroup, where he gave up the chairmanship.

Dominic Barton
McKinsey, worldwide managing director
The smooth Canadian has acted to restore trust in the top management consultant after the lingering impact of an insider trading scandal. Re-elected to the top job last year, Barton’s spell running the Seoul office earlier in his career gave him an invaluable global perspective and bulging Asian contacts book.

James Lupton
Greenhill Europe, chairman
NEW ENTRY
As Conservative Party co-treasurer, the City financier must pass around the hat to fund David Cameron’s bid to remain in Downing Street beyond the 2015 general election. The former Barings banker marked 15 years since opening Greenhill’s European office by advising Tesco on its withdrawal from America and restructuring Yellow Pages owner Hibu. British Museum trustee.

Ian Powell
Pricewaterhouse Coopers UK, chairman and senior partner
Northerner at the helm of the city’s largest accounting firm has done his bit to stave off the most radical changes to the audit market. Now the debate has moved onto the Big Four’s involvement in tax avoidance. The father of four is a West Bromwich Albion fan and a PwC lifer.

Crispin Odey
Odey Asset Management, founder
Lifelong Tory-supporting hedge fund manager has been helping Ukip tap City donors after letting rip at Cameron and Osborne in an Evening Standard interview. Braces-wearing contrarian investor with £3 billion under management, married to Barclays banking heiress Nichola Pease.

Lloyd Dorfman
Travelex, founder
The City meets the arts with the unassuming Dorfman, who has chipped in £10 million towards the £70 million redevelopment of the National Theatre that will see the Cottesloe take his name from next year. The Office Group marks his push into the serviced office market, but he’s still chairman of the foreign exchange group he founded in 1973 and which is still expanding internationally.

Lord Rothschild
RIT, founder
At 77, the banking grandee and member of the Queen’s Order of Merit is still producing the goods at his investment trust RIT. Superb networker who remains close to Rupert Murdoch and Lord Mandelson. Entertains at Waddesdon Manor. His son Nat has had less success of late after Indonesian mining firm Bumi’s woes.

Michael Spencer
Icap, founder
It’s been a tough year for the smart, self-made City player whose inter-dealer broker was hit by subdued volumes. A former Tory treasurer who remains close to Cameron and Osborne, Spencer also combines twin loves of trading and wine by chairing Bordeaux Index.

John Micklethwait
The Economist, editor-in-chief
Circulation is still rising and group profits are at an all-time high for the cerebral, floppy-haired editor of the business magazine, a former Chase Manhattan banker who co-authors business books on the side. Great views from his office eyrie in a tower overlooking St James’s.

Tidjane Thiam
Prudential, chief executive
McKinsey-trained and a big thinker. A giant £30 million City fine for failing to keep regulators up to speed with £23 billion takeover plans three years ago and mutterings over his pay deal didn’t dull investors’ ardour for the Ivorian’s booming Asian business.

Carol Leonard
The Inzito Partnership, partner
The former Evening Standard financial journalist turned headhunter has had a busy year, installing the new chief executive of security group G4S, Ashley Almanza and the boss of FTSE pumpmaker Weir. Leonard set up Inzito four years ago. Her former search firm, Leonard Hull, was acquired by Whitehead Mann.

Ann Cairns
Mastercard Worldwide, president, international markets
NEW ENTRY
The former British Gas statistician is trying to lead a dash out of cash and catch up with top payment provider Visa. The softly spoken Geordie runs operations in Asia, South America and Europe from a London base after scaling the ladder at Citigroup and Alvarez & Marsal.

Jan Hall
JCA Group, founder
Top City headhunter in an industry where women rule the roost. Maintains a low profile but clients such as Marks and Spencer and easyJet keep returning for more. Has just written a book on coping with dementia after her mother’s illness.

Rebecca Reid

Nigel Wilson
Legal & General, chief executive
NEW ENTRY
The father of five answered the call for more infrastructure spending when his insurance group made big investments in housebuilder Cala Homes and student accommodation projects in Clapham and Greenwich. Jobs at United Business Media, Dixons, property group Stanhope and McKinsey are already on his CV.

Anthony Hilton
Evening Standard, financial editor
Doyen of City commentators has been in the game more than four decades and when he wields the knife, City grandees wince — because they know he writes from great experience. The former managing director of the Evening Standard and pension trustee knows what it takes to run a business.

David Sproul
Deloitte UK, chief executive and senior partner
Well-networked beancounter who suggested British businesses spend more of their £700 billion warchests to sustain economic growth. Heavy graduate recruiter. Clients include Vodafone and property giant British Land.

Lionel Barber
Financial Times, editor
It’s eight years in the top job for the Pink ’Un’s slick boss who keeps a close handle on world events. But what might the future hold for this top-rank journalist if owner Pearson does the unthinkable and sells the FT to Bloomberg or News Corporation?

Helena Morrissey
Newton Investment Management, chief executive
Fund manager and mother of nine whose 30 Percent Club went global with efforts to recruit more women into Britain’s boardrooms, spreading to America, Canada and Hong Kong. A key role model for aspiring City women.

Mark Wilson
Aviva, chief executive
NEW ENTRY
The Kiwi rugby fan was lured to London by the opportunity to wake a sleeping insurance giant. He previously ran AIA, the Asian insurer nearly acquired by the Pru, and has combined well with Aviva’s affable chairman John McFarlane with the aim of simplifying the business.

Ivan Menezes
Diageo, chief executive
NEW ENTRY
The new man leading the Smirnoff-to-Baileys FTSE 100 drinks giant might toast his predecessor Paul Walsh with his favourite tipple, a Johnnie Walker Black Label with ice and soda. His father ran India’s railways and he was groomed for the top by running Diageo’s highly profitable American division.

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