Who we are
TheCityUK champions the international competitiveness of the financial services industry. Created in 2010, we support the whole of the sector, promoting UK financial services at home and overseas and playing an active role in the regulatory and trade policy debate.
We have a global export focus with a commitment to help UK based firms grow their business in other parts of the world. In 2012, the financial services industry accounted for 7.9% of UK GDP and 11.6% of UK tax receipts. The sector currently employs over 1 million people, more than 66% of whom work outside London, and underpins the businesses that drive jobs and growth. Added together with the further 967,000 employed in professional services, it is easy to see the importance of a sector that employs one in every ten of the working population.
We provide constructive advice and the practitioner voice on trade policy and all aspects of taxation, regulation, and other legislative matters that affect the competitiveness of the sector. We conduct extensive research and run a national and international events programme to inform the debate. Our senior team regularly engages with regulators and policymakers at home and overseas, ensuring the sector's views are represented at the highest levels. We are tasked with creating a new vision for the financial services sector.
Our board, chaired by Gerry Grimstone, Chairman, Standard Life, is responsible for developing our strategy and delivery. Sir Win Bischoff, Chairman of Lloyds Banking Group, oversees our Advisory Council. The President of the Advisory Council is the Lord Mayor.
We are independent and politically neutral.