The ten most influential financial lobbyists in the UK — TBIJ

The following list details the ten most powerful financial lobbyists in the UK, selected by The Bureau of Investigative Journalism. The list follows an earlier report by TBIJ, published last week by Financial News.

As it stands, these men – and they are all men – have been identified to us as having significant influence and profile as financial lobbyists.

There is no suggestion that any of the people below are guilty of any professional impropriety. We publish this list in the spirit of transparency.

1: Mark Boleat, chairman, policy and resources committee, City of London
Described in a recent interview with the Independent as having ‘just enough padding to suggest that he enjoys a good luncheon’, Boleat was voted chairman of City of London Corporation’s policy and resources committee in May, making him effectively the City of London’s key proponent. He is predicted to ‘get tougher‘ on Occupy-style protestors – a potential flashpoint given current banking scandals and economic conditions.

Born in Jersey in 1949, he established Boleat Consulting in 1999 and has undertaken projects for the World Bank in Russia, Nigeria and Egypt. Author of 12 books on finance and public policy, he is a regular presenter before the Jersey Chamber of Commerce. During a speech there in March 2012, he celebrated Jersey’s ‘highly successful economy, giving its people a standard of living well beyond that in the UK or France.’

Boleat has a long history of involvement in housing finance including positions as director general of the Building Societies Association and the Council of Mortgage Lenders.

Related story – Streets paved with gold: The council that works for banks

2: Anthony Browne, chief executive of the British Bankers’ Association
Bespectacled Browne, 45, is about to become the banking industry’s most important lobbyist, when he replaces Angela Knight as the chief executive of the British Bankers’ Association imminently.

Friends suggest Browne has ‘leapt from the frying pan into an erupting volcano’. He joins the BBA after just six months as Morgan Stanley’s top public affairs official in Europe. Previously the Cambridge maths graduate was Mayor of London’s policy director, writing Boris Johnson’s recent election manifesto. Browne joined Boris in 2008 having headed up the right-wing think tank Policy Exchange.

After starting out as an analyst, Browne enjoyed a 15-year Fleet Street career that towards the end saw him spark controversy with attacks on government immigration policy. While much of his thinking has now been accepted even by Labour leader Ed Miliband, Browne later expressed regret at some of the more inflammatory articles he wrote.

Related story – BBA’s ‘secret’ meetings with ministers

3: Andrew Baker, chief executive of the Alternative Investment Management Association
Having studied maths at Imperial College Baker, has worked in the banking and investment industries at UBS, HD International, Rothschilds, Gartmore and Schroders Investment Management as well as in Papua New Guinea.

AIMA is the principle industry body for the hedge fund industry which is fighting intense regualtory battles with Europe over short selling, transparency in derivative markets and most recently, pay.

Baker described himself as an ‘ordinary comprehensive boy from south Wales’. A father of three, he lists mountain biking, travel and classical music as hobbies.

4: Michael Spencer, chairman and chief executive, Icap
Michael Spencer, 57, is chairman and chief executive of Icap, the city’s most powerful inter-dealer broker. Icap is at the heart of commodity, currrency and derivative trading. Its boss, Spencer, with an estimated fortune of over £500m, is at the heart of British politics.

Co-treasurer of the Conservative Party between 2006 and 2010 and a major-league donor in his own right, Spencer is chairman of the Conservative Foundation – an organisation set up to support the party’s financial future.

The Oxford physics graduate has used every opportunity in the press to argue against the proposed financial transaction tax and his lobbying appears to have paid off with the Conservatives ruling out the UK from the levy.

In the wake of the Peter Cruddas cash-for-dinner scandal, it emerged Spencer has also been a dinner partner of Cameron since the election.

5: Iain Anderson, director, Cicero Consulting Inc
Aberdeen-born Anderson heads Cicero Consulting, which is believed to be one of London’s most powerful financial lobbying firms. Among Cicero’s clients, according to the Association of Professional Political Consultants register, are Bank of America Merrill Lynch, Barclays, HSBC, Morgan Stanley, Standard Chartered, the Swiss Bankers’ Association and TheCityUK.

Prior to running Cicero, Anderson worked on Kenneth Clarke’s two leadership bids for the Conservative Party. Living in Notting Hill, London, Anderson is a regular contributor to the Huffington Post, prolific tweeter on foreign affairs, business and politics and a self-declared aficionado of Nice, France, and the opera.

Related story: Inside the City’s best-connected lobby group

6: Mark Florman, chief executive, British Private Equity and Venture Capital Association (BVCA)
The British Private Equity and Venture Capital Association is the biggest cheerleader for a sector that was at the centre of the recent equity leverage boom. Florman, 53, has a big challenge to ensure his industry, criticised for asset stripping and demanding high fees from investors, can navigate new regulations.

Under Florman’s tenure, the BVCA has adopted a more emollient approach.

A graduate of the London School of Economics, Florman worked in the US in corporate banking, mergers and acquisitions, and equity capital markets.

Former adviser and senior deputy treasurer for the Conservative Party, Florman is current chairman of the Centre for Social Justice, the thinktank founded by Iain Duncan Smith. He is co-founder with Sir Bob Geldof of African development fund 8 Miles, and is an ambassador of the Royal Albert Hall. He is a regular visitor to Kenya and Uganda.

7: Simon Lewis, chief executive of the Association of Financial Markets in Europe
Oxford graduate and Arsenal fan Simon Lewis was Gordon Brown’s official spokesman at 10 Downing Street. He was also the first communications secretary to the Queen in 1998, following the death of Princess Diana – which led the Independent to dub him ‘the man who rescued the royals‘.

Whether he can do the same to the reputation of the finance sector is another matter. Though unquestionably, Lewis has the credentials and consumate skills that make him best placed to withstand the renewed regulatory onslaught.

Described as ‘risk averse and unflappable’, Lewis has run the Association of Financial Markets in Europe for two years. Lewis was the organisation’s first and, so far, only chief executive.

It was formed in late 2009 to represent the interests of banks, insurance companies and traders in their efforts to lobby for a conducive regulatory settlement in the wake of the global economic crisis.

Since January, Lewis was also at the helm of the Global Financial Markets Association. In the business world, Lewis has been director of corporate affairs at major corporations, including Vodafone and NatWest.

8: Mike Craven, partner, Lexington Communications
Former chief media spokesman for the Labour Party, Craven came to the media’s attention while working as an unpaid adviser to deputy prime minister John Prescott. It was revealed that his public relations company Lexington was working with client British Airways at the same time the Labour government was preparing its transport white paper.

Lexington does not have the most financial services clients but it does boast Goldman Sachs among them. And Bureau research indicates that the firm has among the most politically connected staff.

Related story – Get the data: The Bureau’s financial lobby database

9: Charles Lewington, managing director, Hanover Communications
Kent native and an economic graduate of Bath University, Lewington is a former journalist with the Bath Chronicle. He went on to work at the Daily Express, becoming executive editor of the Sunday Express before landing the press secretary job to John Major in the 1990s. His nickname is apparently ‘Lord Charles’ because of his fondness for cigars and a reputed suaveness.

The McCann family engaged Hanover Communications in 2007 after intense media interest following the disappearance of their daughter Madeleine. Hanover’s work lasted two months. In 2008, Lewington led Hanover’s team working for Rupert Murdoch’s BSkyB.

Among Hanover’s clients are the powerful Association of British Insurers, Nomura, Santander and Goldman Sachs, which also retains Lexington.

10: George Bridges MBE, Quiller Consultants
An Old Etonian and Oxford graduate, Bridges is said to be a close friend of George Osborne and has links to the Conservative Party going back more than a decade. He has served as campaign director for the Conservative Party, chairman of the Conservative Research Department, assistant political secretary to the prime minister, and chief of staff to Theresa May.

He now heads up Quiller Consultants, which is owned by Tory peer and David Cameron’s constituency chairman Lord Chadlington. It was formed in 1998 during the Conservatives’ wilderness years but it has grown in influence following the party’s resurgence. Among its clients, according to the APPC, is the City of London Corporation.

Bridges is a former Times editorial writer, and an early proponent of the digital broadcast sector. The influential blog ConservativeHome names Bridges, the grandson of former prime minister Winston Churchill’s Chief Secretary, as one of ‘20 people who would make excellent Conservative MPs‘.