Vincent Keaveny, partner of DLA Piper, has been officially elected the 693rd Lord Mayor of the City of London.
Keaveny will succeed Lord Mayor William Russell, who is currently in office for a second year.
The election comes at a time when the secret mayoral election process is under intense scrutiny.
In July, a closed-door ballot by the City of London Corporation’s Alderman’s Court gave the green light to Nick Lyons, chairman of insurer FTSE 100 Phoenix, to succeed Keaveny when his term expires in 2022, in what insiders have described as disappointing for diversity. after former JPMorgan lawyer and openly gay candidate Tim Hailes narrowly missed the role.
The aldermen’s court said it would back Keaveny’s 2019 nomination, before extending Russell’s tenure for a year.
At DLA Piper, Keaveny advises on debt capital markets, structured finance and securitization transactions for banks, financial institutions and corporate clients in the UK.
Internationally, he is involved in banking, financial and capital market operations. Until May 2019, he was International Co-President of the Financial Services Industry at DLA Piper. In 2014/15 he was President of the City of London Law Society and Honorary Advisor to Gray’s Inn.
He is currently a member of the City of London Policy and Resources Committee and its Homelessness and Street Sleeping Subcommittee.
He is also Governor of the City of London School and Co-Chair of the Department of Treasury and Business Socio-Economic Diversity Working Group.
The role of the Lord Mayor is to act as the city’s global spokesperson. In his elected role as head of the City of London Corporation, Keaveny will also serve a one-year term as Global Ambassador for the UK-based financial and professional services industry.
This will involve meetings with government officials both locally and abroad to strengthen economic ties with the UK, identify new business opportunities and promote the UK as the world’s top destination for foreign investment. .
Keaveny said he was “honored” to be elected at such a critical time.
He said the city will play a key role in solving some of today’s major challenges, including supporting economic recovery, making the most of talented people across the country and tackling change. climate.
“The Square Mile has constantly reinvented itself throughout history to remain a premier business center. We must once again take up this challenge in the face of changing economic and social trends induced by the Covid-19 pandemic, while seizing new opportunities following the United Kingdom’s exit from the European Union.
“I am convinced that the future of the City is promising. The UK financial and professional services sector will continue to create jobs, drive growth and drive investment in our country and beyond, ”said Keaveny.
To contact the author of this story with comments or news, email Penny Sukhraj