Chartered Institute for Securities & Investment chairman Alan Yarrow has been elected Lord Mayor of the City of London for 2014-15.
Effective 7 November, former London Investment Banking Association chairman Yarrow will succeed Fiona Woolf in the role.
As part of his duties, Yarrow will promote the City of London as a leading international finance hub and will liaise with the Foreign and Commonwealth Office to promote the services of the City.
Yarrow was appointed CISI chair in September 2009, having served on its board between 2001 and 2005. He spent 37 years with Dresdner Kleinwort before leaving in December 2009, most recently serving as chairman of the UK bank.
The former investment banker has also previously acted as deputy chairman of the Financial Services Authority practitioner panel, as well as holding memberships with the Takeover Panel, the Council of the British Bankers’ Association and the Chancellor’s High Level Stakeholder Group.
He was appointed Sheriff of the City of London – required by anyone seeking to serve as Lord Mayor – for 2011-12.
CISI chief executive Simon Culhane says: “We look forward to working with the Lord Mayor and supporting him to promote the City globally as a leader in professionalism, integrity and ethics.”