The impact and opportunities of Brexit for the UK’s financial services sector
As the UK moves through the Brexit negotiation phase into a transition period, WIG is bringing together an expert panel to discuss what lies ahead for the UK's crucial financial services sector.
Join us as we explore the likely impacts of EU withdrawl, the opportuntities that may be afforded to the UK as a newly independent actor, and how the public and private sectors can work together to ensure the UK remains a leading global financial centre.
Chair, Policy & Resources CommitteeCity of London Corporation
The City of London Corporation is in many ways a unique body, combining traditional local authority responsibilities for the “Square Mile”, London’s traditional financial district, with wider responsibilities through a range of services to London and the country as a whole, including open spaces, educational and cultural facilities and the promotion of London as the world’s leading international and financial centre. The City Corporation does not operate on a party-political basis, the members each being elected individually. The Chair of the Policy and Resources Committee holds the senior political role.
Catherine McGuinness was elected as Chair of the Policy and Resources Committee on 4 May 2017. She has been an elected Member since 1997 representing the ward of Castle Baynard, which takes in St Paul’s and Fleet Street. Catherine is also a member of the Community and Children’s Services Committee and the Finance Committee.
As Chair of the Policy Committee, Catherine is Deputy Chair of TheCityUK, the promotional body for the UK financial services industry, and the International Regulatory Strategy Group and also Chairs a number of Committee’s such as the Courts Sub Committee, the Culture Mile Working Party, the Resource Allocation Sub Committee and the Public Relations & Economic Development Committee.
She has previously been Deputy Chair of the Policy and Resources Committee, and has led the City’s work on education, and previously as Chair of the Education Board and the City of London Academies Trust, overseeing an increase in academies under the City’s sponsorship. She was one of the first Chair of Governors of The City Academy, Hackney, a school consistently among the top performing nationally in terms of pupil progress.
She is Chair of the City’s Courts Sub Committee, the body responsible for the management of the Old Bailey and the City of London Magistrates’ Court.
Catherine has been closely involved with the City’s cultural offer, having chaired the boards of the Barbican Arts Centre and Guildhall School of Music & Drama, and with the City’s relationship with Northern Ireland, working in particular on business and cultural links.
She was previously a commissioner on the IPPR Commission on Economic Justice and is now a commissioner on the IPPR Commission on Environmental Justice, and on the council of St Paul’s Cathedral.
A solicitor by training, Catherine practised in financial services law for several years, qualifying as a solicitor at Waterhouse & Co (now Fieldfisher), where she became a partner, and leading the London legal departments at Sanpaolo Bank and Banca Commerciale Italiana (now combined as Intesa Sanpaolo). More recently she has worked as a consultant in the alternative investment management sector.
Catherine studied PPE at St Anne’s College, Oxford University, and holds an honorary fellowship from the Guildhall School of Music & Drama.