T h e C O m p a n y to K e e p
Annual Report
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Dan Glaser President & CEO, Marsh & McLennan
Lee Olesky CEO, Tradeweb >> B ritishAmerican Business is excellent at connecting member companies with its outstanding business network and provides us with high-quality opportunities to learn from cross-industry players while developing new business with each other. <<
>> B ritishAmerican Business provides real business value to its member companies. It significantly helps us build high-level, productive business relationships with other leading global companies, and learn more about emerging trends and issues that are critical to our business. <<
Michael Roberts Managing Director & Global Head, Corporate Banking & Lending, Citi
Bharat Wakhlu Director, Public Affairs, The Tata Group >> B ritishAmerican Business is a first class organization, with a blue-chip membership and an excellent offering of high-quality business services. We have used our membership very effectively to support our business strategy, in addition to promoting the Tata brand and our businesses to the transatlantic business community. <<
>> C ompanies of all sizes on both sides of the Atlantic will find that their BritishAmerican Business membership will provide invaluable insight into the most important topics of the day, allowing them to succeed in today’s increasingly unpredictable environment. <<
Christopher J. Perry President, Global Sales & Account Management, Thomson Reuters
Founder and CEO, Prosek Partners
>> B ritishAmerican Business’s staff know their members very well, and do a great job of responding to our evolving priorities which really helps us achieve our business goals. <<
>> B ritishAmerican Business offers entrepreneurial companies a host of highquality opportunities to gain visibility and connections with major multinationals, and to win their business – our membership has proved to be a great investment for us! <<
Nicholas C. Walsh
Jennifer Prosek
Senior Vice President, AIG, and President and CEO EMEA AIG Property Casualty >> A IG is proud to have a long standing relationship with BritishAmerican Business. Its leadership and commitment to support and provide the highest level of services to its member companies are invaluable in today’s business environment. <<
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T H E C O M PA N Y TO K E E P
A
ccess – to high-value relationships, insights, audiences and influence – is key to business success. And high-quality access is at the heart of the business advantage we offer. As the leading transatlantic business organization, we provide our members with practical, measurable business expansion opportunities by delivering high caliber relationship-building and brand-building platforms; top-quality business insights and intelligence; and regulatory advice and influence.
Our growing membership includes many of the world’s leading multinational and middle-market companies, and the leaders of more than 100 of the world’s most successful companies support us through their participation in our Advisory Board. The quality of our membership and our programming has been the central factor in our success; and we are committed both to continuing to grow and to continuing to represent ‘The Company to Keep’.
sir Martin sorrell Group Chief Executive, WPP and Chairman, BritishAmerican Business International Advisory Board
>> BritishAmerican Business has established itself as the pre-eminent transatlantic business organization, and does a great job of helping companies build their business on both sides of the Atlantic. That’s why, as a member of its Advisory Board, I am committed to supporting it. And since there are 100 other Chairmen and CEOs of leading multinational companies on that same board, it would seem I am not alone. <<
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CHAIRMAN / CEO REPORT
W Irene Dorner Chairman, Board of Directors, BritishAmerican Business Group Managing Director and President and CEO, HSBC USA
e are proud to report that BritishAmerican Business recorded another year of substantive growth in FY’13.
Companies maintained their controls on the discretionary spending upon which organizations like ours depend, but also developed an increasing appetite for the high-quality business connections, intelligence and advocacy that we offer to help them compete in the slow-growth environment. So we were able to continue expanding our programming, advocacy work, business services and membership. While maintaining our strong programs of business and policy briefings for our membership at large, we significantly expanded our offering of intimate, high-level occasions, bringing C-Suite executives together with CEOs, thought leaders and government decision-makers to build strategic business relationships and share insights and best practice on key business issues. Reflecting our members’ increasing regulatory concerns, we substantially stepped up our advocacy work with government on a wide range of issues including taxation, financial regulation, immigration, pensions, aviation and patents; and we are taking a leadership role in promoting the prospective EU-US Transatlantic Trade and Investment Partnership (TTIP).
Richard Fursland CBE CEO, BritishAmerican Business
We extended our offerings of marketing platforms and business facilitation services in various ways, including through the expansion of our J1-Visa program to enable our members to bring interns as well as employees from anywhere in the world into the United States. Finally, we continued to increase our membership among large multinational companies, as well as the strength of our Board of Directors and International Advisory Board which now includes the leaders of 100 of the world’s most successful companies. The active engagement of our members, Directors and Advisory Board has been – and will continue to be – critical to our continuing growth and success. We very much appreciate this support, and look forward to continuing to work closely with you all throughout the coming year and beyond.
Irene Dorner Chairman, Board of Directors, BritishAmerican Business 2
Richard Fursland CBE CEO, BritishAmerican Business
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K ey F acts
Executive Summary >> Hosted more than 200 Chairmen, CEOs, thought leaders and decision-makers as speakers and panelists.
>> Led 9 policy initiatives on issues of particular importance to our membership.
>> Welcomed more than 8,000 executives to more than 100 high-quality programs.
>> Provided marketing/brand-building platforms for more than 300 of our member companies.
>> Facilitated relationship-building and intelligence-sharing between more than 700 C-Suite executives at exclusive roundtables.
>> Treasurerâ&#x20AC;&#x2122;s report
>> Continued to strengthen our membership, Board of Directors and Advisory Board.
>>>>>>>>>
D
espite the challenging economic environment, BritishAmerican Business reported another year of modest profitability in FYâ&#x20AC;&#x2122;13, as it has done every year since its establishment in 2001. This represents a considerable achievement.
Increased membership revenues and continuing tight cost-controls were the principal factors behind this positive result. Membership represented about 50% of revenues, with sponsorship providing the majority of the balance. The economic environment is unlikely to become any easier over the coming year. But BritishAmerican Business continues to have the leadership in place to maintain its track record of combining steady, strategic growth with a judicious balancing of its books.
Sean Trotman Treasurer, BritishAmerican Business Principal, Deloitte
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T H E C O M PA N Y TO K E E P
>> SPEAKERS
>>>>>>>>>
In FY'13, we hosted more than 200 leading Chairmen and Chief Executives, opinion-formers, industry experts and government decision-makers as speakers and discussion leaders, including:
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Richard Anderson
Gerard Baker
Lionel Barber
CEO,
Managing Editor,
Editor,
Delta Airlines
The Wall Street Journal
Financial Times
The Rt Hon Vince Cable MP
SteveN Holliday
KENNETH D. MOELIS
UK Secretary of State for Business, Innovation and Skills
CEO, National Grid
CEO, Moelis & Company
Dennis M. Nally
Duncan Niederauer
Sir John Peace
Chairman, PwC
CEO, NYSE Euronext
Chairman, Burberry, Experian, and Standard Chartered Bank
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DOUGLAS L. PETERSON
Sir Michael Rake
Irene Rosenfeld
President, Standard & Poor's
Chairman, BT Group
Chairman & CEO, â&#x20AC;&#x201C; International Mondelez
2013
Wilbur L. Ross, Jr.
Sir Martin Sorrell
The Honorable
Chairman and CEO, WL Ross & Co.
Group Chief Executive, WPP
Louis B. Susman
Arthur Ochs Sulzberger
Merryn Somerset Webb
Sir Peter Westmacott, KCMG, LVO
Chairman, New York Times
Editor-in-Chief, MoneyWeek
Her Majesty's Ambassador to the United States
US Ambassador to the UK (2009 -2013)
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E vent H i g h l i g hts
>> THOUGHT LEADERSHIP
>>>>>>>>>
We hosted more than 200 business, government and opinion-leaders at exclusive C-Suite roundtables, business briefings and professional forums covering a broad range of topical business issues such as: n
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n
n
n
n
n
n
Too Big to Fail? The Future of International Banking
n
Unlocking the Potential of New Media Platforms
n
A Fresher Future: Energy, the Environment and our Economy
n
The Importance of Corporate Culture in Building an Iconic Brand
n
n
n
Tech 2027: A Futurologist’s Guide to the Next 15 Years n
Using Sustainability to Power Business Performance n
Economic Outlook 2013 - A US, UK, EU Perspective
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2013: What Risks should be on your Board’s Agenda?
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How to Find, Develop and Retain Successful, Sustainable Leadership
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Executive Compensation: Trends, Challenges and Strategies
Driving Outcomes in Social Media: How to Move from Influence to Efficacy
Why We Should Care More About Inequality
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Solvency II: The Long Road to Completion The Unwritten Rules for Advancement: Seizing the Opportunity
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The Impact of the Upcoming US Election on Transatlantic Business TTIP and the Coalition for Transatlantic Business Business and Innovation 2013: The Future, The Finance, The Talent Key Trends in the Credit Markets Technology, Productivity, Innovation and Growth: How Companies can be More Competitive with ICT Lessons Learned from Corporate Restructuring
The Rise of Shale and Unconventional Gas – Game Changers for the Energy Industry?
Duncan J. Edwards President & CEO, Hearst Corporation
>> B ritishAmerican Business does a great job of providing its member companies with access to business and government leaders on both sides of the Atlantic, with insights and perspectives that help us make quality business judgments, and with firstrate platforms to promote our business connections and profile. << 6
Alison Smale, Executive Editor, International New York Times, moderates a panel discussion with senior executives from Catalyst, Mastercard and Zurich Insurance Group on ‘The Unwritten Rules for Advancement’ for our Women’s Forum.
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POLICY WORK
>> POLICY
T
>>>>>>>>>
his year, we significantly stepped up the scope, level and reach of our policy work.
We expanded our program of forums with leading government decision-makers on both sides of the Atlantic, and launched a new series of Policymaker Roundtables to bring select groups of senior executives together with senior Ministers and officials to share their priorities and concerns on key policy issues affecting the business community. Our specific advocacy initiatives with government covered a broad range of issues of particular concern to our membership, including taxation, financial regulation, immigration, pensions, patents, aviation and the EU Single Market. We are also taking a leadership role in promoting the prospective EU-US Transatlantic Trade & Investment Partnership (TTIP), and the advancement of practical, business-friendly outcomes through the negotiating process. This includes policy recommendations to Government; the launch of a new EU-US Trade & Investment Forum; roadshows in regional business centers; the establishment and staffing of an All-Party Parliamentary Group in London; and the launch of a website focusing on the negotiations. Our credibility and influence with government on policy issues is enhanced by the fact that we speak for a substantial, high-level and broad-based cross-section of the transatlantic business community, including the 2,500 member companies of the British-American Business Council, as well as our own membership.
Peter Sands
Group CEO, Standard Chartered Bank
>> A t a time when there is the danger of greater parochialism in regulation and legislation, we strongly support the work done by BritishAmerican Business in promoting free markets, a level playing field and business-friendly government policies for international business. <<
Mark S. Garvin
Vice Chairman, Corporate & Investment Bank Chairman, Europe J.P.Morgan
>> BritishAmerican Business has played a vital leadership role in building support and momentum behind TTIP, as it has done behind other policy initiatives that are important to the transatlantic business community. <<
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MEMBERSHIP
>> MEMBERSHIP SERVICES
>>>>>>>>>
M
embership in BritishAmerican Business offers companies of all sizes access to a broad range of high-quality services to help them grow their business. These include exclusive thought leadership and relationship-building occasions for senior decisionmakers; targeted B2B platforms for brand-building and networking; access to high caliber briefings on key business issues; influence with government on policy issues of importance to business; and a range of visa facilitation, event management and other services. We tier our membership levels to meet the needs of our member companies, and gear our programming to offer benefits to a broad cross-section of executives, ranging from Chief Executives through senior management to young professionals. Our higher levels of membership offer our leading multinational companies a customized program of exclusive services, including the opportunities to: • Build relationships and share business insights with business leaders, influential opinion-formers and government decision-makers at exclusive roundtables; • Have privileged access to our brand-building and marketing platforms;
• Shape our policy work with government; • Develop customized programs to maximize the benefits of membership and share the benefits of membership with their whole management team.
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The services we offer to all BritishAmerican Business members include the opportunities to: • Participate in an extensive program of high-quality events, including business and policy briefings, professional forums, and networking socials; • Promote their services, products and messages through our publications, social media channels and mailing lists; • Take advantage of our visa facilitation, event management and other services, and of our business e-bulletins and other publications; • Connect with our members, and the members of our chapters in more than 20 other major business centers throughout the US and UK. For more information, please contact: London ukinfo@babinc.org /+44 (0)20 7 290 9888 New York nyinfo@babinc.org / +1 (212) 661 4060
Aidan St. P Walsh OBE
Partner in Charge International, KPMG
>> B ritishAmerican Business offers great value for a modest price, and consistently delivers an outstanding ROI on time and money invested with the organization. <<
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B R I T I S H AM E R ICAN BU S I N E S S
LEADERSHIP
HONORARY PATRONS H.E. Matthew Barzun American Ambassador to the Court of St James's
Sir Peter Westmacott, KCMG, LVO Her Majestyâ&#x20AC;&#x2122;s Ambassador to the United States
CHAIRMAN, INTERNATIONAL ADVISORY BOARD Sir Martin Sorrell Group Chief Executive, WPP CHAIRMAN, BOARD OF DIRECTORS Irene Dorner Group Managing Director and President and CEO, HSBC USA
DEPUTY CHAIRMAN/PRESIDENT Kevin Sneader Director & Managing Partner for the UK, McKinsey & Company
CEO Richard Fursland CBE
MANAGING DIRECTOR, LONDON Jeffries Briginshaw
MANAGING DIRECTOR, NEW YORK Wendy Mendenhall
Irene Dorner, Group Managing Director and President and CEO, HSBC USA & Kevin Sneader, Director & Managing Partner for the UK, McKinsey & Company >> B ritishAmerican Business is an outstanding organization that consistently delivers exceptional value to its members. Along with our fellow-Directors, we are proud to be associated with it, and its continuing success. <<
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M embership
>> MEMBERSHIP SAMPLE LISTING
>>>>>>>>>
Our membership has continued to grow throughout FY'13 and comprises hundreds of the world’s leading multinational and middle-market companies covering a broad range of sectors, including companies such as: 3M
BBC Worldwide America
City of London
FTI Consulting
A.T. Kearney
BDO
G3
Aberdeen Asset Management
Beazley Group
Cleary Gottlieb Steen & Hamilton
ACE Group Active International Addleshaw Goddard ADP
BLJ Worldwide Bloomberg BNY Mellon Boeing
Colliers International Corsair Capital
GE General Atlantic Georg Jensen
Cushman & Wakefield
Gibney Anthony & Flaherty
Debevoise & Plimpton
Gleneagles Hotel
Deloitte
Globe Theatre, The
Delta Air Lines
Goldman Sachs
Dentons
Deutsche Bank
Grant Thornton
Diageo Dow Jones
Gulfstream Aerospace Corporation
AIG
Boots
AlixPartners
BP
Allen & Overy
British Airways
Ally Financial
British Land
Alston & Bird American Airlines
Brookfield Office Properties
Aon Risk Solutions
BT Group
Duke University
Handelsbanken
APCO Worldwide
Burberry
Economist Group
Harrods
Aquiline Capital Partners
Burson-Marsteller
Edelman
Havas Worldwide
Arnold & Porter
Capital One Bank
Ernst & Young
Hay Group
Arup
CB Richard Ellis
European Bank for Reconstruction and Development (EBRD)
Hays
Aspen Insurance Holdings AT&T Aviva Investors BAE Systems Baker & McKenzie Bank of America Merrill Lynch Barclays
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BG Group
Coller Capital
CBI Chadbourne & Parke Charles Schwab Chevron China Daily Chubb Insurance CIT Citi
ExxonMobil FedEx Financial Times Fleishman-Hillard Fragomen Freshfields Bruckhaus Deringer
HCA International Hearst Corporation Heathrow Airport Heidrick & Struggles Herbert Smith Freehills Hill+Knowlton Strategies Houlihan Lokey HP
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HSBC
McGraw-Hill Companies
PwC
Thomson Reuters
IBM Corporation
McKinney Rogers
Raytheon
Tishman Speyer
INSEAD
McKinsey & Company
Tradeweb
InterContinental Hotels Group
Mercer
Receivables Exchange, The
Interpublic Invest Northern Ireland Jaguar Land Rover JetBlue Airways Jones Lang LaSalle JPMorgan Chase & Co. Just Marketing International JWT King Worldwide Kingstree Group Korn/Ferry International
Merck Merrill Corporation Metro Bank Mintz Group, The Moelis & Company Morgan Lewis & Bockius National Grid National Theatre New York Times Newmark Grubb Knight Frank News Corporation
Reed Elsevier
2013
Travelex
Reed Smith
Turner & Townsend
Reiss
UBS
Risk Advisory Group
UK Trade & Investment
RLM Finsbury
United Airlines
Robert Walters Rolls-Royce Royal Bank of Canada Royal Bank of Scotland Russell Reynolds Associates Santander
Universal Music UPS US Embassy, London Verizon Virgin Atlantic Airways Vodafone Group
Schindler Elevator Corporation
Weber Shandwick
Schroders
WeiserMazars
Shell
Wells Fargo
Olayan Group
Siemens Financial Services
Williams Capital Group
Oliver Wyman
St Paul’s Cathedral
PA Consulting Group
Standard Chartered Bank
Winchester Capital
PACCAR
Starr Companies
Withers
Paul, Weiss, Rifkind, Wharton & Garrison
State Street Corporation
Witt/Kieffer
Lloyds Bank
Sullivan & Cromwell
Lockheed Martin
Pfizer
WL Ross & Co.
London & Partners
Philip Morris
Tata Consultancy Services
WPP
London Business School
Pierre – A Taj Hotel, The
Taylor Wessing
Marsh
PR Newswire Association
The Dorchester
Young & Rubicam
MasterCard Worldwide
Prosek Partners
Thomas Pink
Zurich Insurance Group
KPMG Kreab Gavin Anderson Kroll Latham & Watkins LexisNexis Linklaters Links of London Lloyd’s
NFL Northrop Grumman Novantas NYSE Euronext
Willis Group
Xerox Corporation
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>> INTERNATIONAL ADVISORY BOARD Chairman Sir Martin Sorrell Group Chief Executive WPP Members Richard Anderson CEO Delta Air Lines Angela Ahrendts CEO Burberry Johan C. Aurik Managing Partner and Chairman A.T. Kearney Nick Baird Chief Executive UK Trade & Investment Ajay Banga President & CEO MasterCard Lionel Barber Editor Financial Times David Barger CEO JetBlue Airways Dominic Barton Global Managing Director McKinsey & Company
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>>>>>>>>>
Michael Carpenter CEO Ally Financial
John Fallon CEO Pearson
Peter Blair Henry Dean NYU Stern School of Business
Dominic Casserley CEO Willis Group
Douglas Flint Group Chairman HSBC
Steven Holliday CEO National Grid
Michael Cole-Fontayn Chairman and CEO EMEA BNY Mellon
Orit Gadiesh Chairman Bain & Company
Jeremy Coller Chairman Coller Capital
Chris Gibson-Smith Chairman London Stock Exchange Group
Bal G. Das Chairman BGD Holdings
Martin Gilbert Chief Executive Aberdeen Asset Management
Surya Kant President, North America & Europe Tata Consultancy Services
Lord Davies of Abersoch Vice Chairman Corsair Capital
Dan Glaser President & CEO Marsh & McLennan
Ian King CEO BAE Systems
Ian Davis Chairman Rolls-Royce Pat Dewar Chairman Lockheed Martin Global Sarah Diamond General Manager, Global Consulting Services IBM Corporation
H.E. Matthew Barzun American Ambassador to the Court of St James's
Philip Dilley Group Chairman Arup
Robert J. Blanding Chairman & CEO Loomis Sayles & Company
Michael Dobson Group CEO Schroders
Sir Richard Branson Founder & Chairman Virgin Group
Lloyd Dorfman Chairman Travelex
Sir Martin Broughton Chairman British Airways
Robert Dudley CEO BP
J. Frank Brown COO General Atlantic
Jack Dunn President & CEO FTI Consulting
Gary Burnison CEO Korn/Ferry International
Duncan J. Edwards President & CEO Hearst Corporation
Don Callahan Chief Administrative Officer Citi
Erik Engstrom CEO Reed Elsevier
Richard J. Gnodde Co-CEO Goldman Sachs Michael Golden Vice Chairman New York Times Lucian Grainge CBE Chairman & CEO Universal Music Peter Grauer Chairman Bloomberg Evan Greenberg Chairman & CEO ACE Group Jeffrey W. Greenberg Chairman Aquiline Capital Partners Chris Grigg Chief Executive The British Land Company Sir Philip Hampton Chairman Royal Bank of Scotland
Tom Horton Chairman & CEO American Airlines Antony Jenkins Group Chief Executive Barclays Bank
The Hon Philip Lader Senior Advisor Morgan Stanley David Levin CEO UBM Sir Andrew Likierman Dean London Business School Sir David Manning GCMG, CVO Blythe Masters Managing Director JPMorgan Chase & Co. Sir Deryck C. Maughan Senior Advisor KKR David Mayhew Vice Chairman J.P. Morgan Steve McGill Group President Aon Risk Solutions Harold McGraw III Chairman, President & CEO McGraw-Hill Companies
Peter Hancock CEO, AIG Property Casualty AIG
Damian McKinney CEO & Founder McKinney Rogers
Sir Thomas Harris KBE, CMG Vice Chairman Standard Chartered Bank
Sir Christopher Meyer KCMG Non-Executive Director The Arbuthnot Banking Group
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John Micklethwait Editor-in-Chief The Economist
John Rishton Chief Executive Rolls-Royce
Jerry Speyer Chairman & Co-CEO Tishman Speyer
Sir Peter Westmacott, KCMG, LVO Her Majesty’s Ambassador to the United States
Lakshmi Mittal Chairman & CEO Arcelor Mittal
Christopher Rodrigues CBE Chairman VisitBritain
Peter D. Sutherland KCMG Chairman Goldman Sachs International
Christopher J. Williams Chairman & CEO Williams Capital Group
Jeffrey A. Rosen Deputy Chairman Lazard
Ratan N. Tata Chairman Tata Trusts
Irene Rosenfeld Chairman & CEO – International Mondelez
John A. Thain Chairman & CEO CIT Group
Wilbur L. Ross, Jr Chairman & CEO WL Ross & Co.
Mark Thompson President & CEO New York Times
Barry Salzberg CEO Deloitte
Rex Tillerson Chairman & CEO Exxon-Mobil
Peter Sands Group CEO Standard Chartered Bank
Leo M. Tilman President Tilman & Co.
Herb Scannell President BBC Worldwide America
Robert Toohey President Verizon Digital Media Services
Kenneth D. Moelis CEO Moelis & Company James Murdoch Deputy Chief Operating Officer and CEO, International News Corporation Clarke Murphy CEO Russell Reynolds Associates Dennis M. Nally Chairman PwC Duncan L. Niederauer CEO NYSE Euronext Chris O’Kane CEO Aspen Insurance Holdings Lubna Olayan Deputy Chairperson & CEO Olayan Group Lee Olesky CEO Tradeweb Lord Paul of Marylebone Chairman & Founder Caparo Group Douglas L. Peterson President Standard & Poor’s Mark Pigott Chairman & CEO PACCAR
Stephen Schwarzman Chairman, CEO & Co-Founder The Blackstone Group John Sexton President New York University Sir Nigel Sheinwald GCMG Mason Slaine CEO & Chairman Interactive Data Corporation Jeffery A. Smisek Chairman, President & CEO United Continental Holdings
Alexander WilmotSitwell President of EMEA and Emerging Markets ex-Asia Bank of America Merrill Lynch Richard Yorke Executive Vice President & Head of International Group Wells Fargo
Martin van Roekel CEO BDO International John Veihmeyer Chairman & CEO, Americas KPMG Peter Voser CEO Royal Dutch Shell Paul Walsh Advisor to the Chairman & Chief Executive Diageo Dr. Richard Ward Chief Executive Lloyd’s
Bob Pittman Chairman & CEO Clear Channel
James Smith President & CEO Thomson Reuters
Prof. John A. Quelch CBE Charles Edward Wilson Professor of Business Administration Harvard Business School
Neil Smith CEO Promontory Growth and Innovation
Sir Michael Rake Chairman BT Group
Richard Solomons CEO InterContinental Hotels Group
Mark A. Weinberger Global Chairman & CEO Ernst & Young
Ian Read Chairman & CEO Pfizer
Dr Ralf Speth CEO Jaguar Land Rover
Jeffrey Weiner CEO LinkedIn Corporation
Charles W.B. Wardell, III President & CEO Witt/Kieffer Gregory D. Wasson President & CEO Walgreen Co
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>> BOARD OF DIRECTORS
Paul Browning Business Development Finance Leader GE Power & Water
Patrick Falconer Managing Director,UK, Northern Europe, Middle East & Africa International New York Times
Ian Henley Head of Corporate Banking, Europe HSBC
DEPUTY CHAIRMAN/ PRESIDENT
Michael J. Brzostowski Regional Sales Director United Airlines
Gregory Hodkinson Chairman, Europe Arup
Kevin Sneader Director & Managing Partner for the UK and Ireland McKinsey & Company
John Finnegan Senior Vice President, Signature Client Group AT&T
Robert Byrne Senior Partner A.T. Kearney
Christopher Fraser OBE Strategic Counsel BNY Mellon
Joseph F. Abruzzo, Jr. Managing Director & Group Head J.P. Morgan Securities
Sam Cargill Executive VP & Managing Director, Aon GRIP Solutions Aon Risk Solutions
Kevin I. Fromer Executive Vice President & Head of Public Policy, North America HSBC
Ceasar N. Anquillare Chairman & CEO Winchester Capital
Siobhan Carroll Special Adviser HCA International
Richard Fursland CBE CEO BritishAmerican Business & British-American Busines Council
Ian Bailey Executive Vice President & General Manager, New York Hill+Knowlton Strategies
Jim Carter Vice PresidentEastern Sales Division American Airlines
Robert P. Garrett New York Office Managing Partner KPMG
Roland ChalonsBrowne President & CEO Siemens Financial Services
Mark S. Garvin Vice Chairman, Corporate & Investment Bank Chairman, Europe J.P.Morgan
Mike Corkerry Executive Director, EMEA Government Affairs AT&T
Stefan M. Gavell Executive Vice President Global Head of Regulatory, Industry and Government Affairs State Street Corporation
CHAIRMAN Irene Dorner Group Managing Director and President and CEO HSBC USA
DIRECTORS
Stephen R. Ball Chief Executive Lockheed Martin UK David Batchelor President, International Marsh Mike Bolin Managing Director Global Head Finance Business Solutions UBS Cheryl Boucher EMEA Chief Risk Officer Bank of America Merrill Lynch Greg Briggs Partner PwC Jeffries Briginshaw Managing Director/London BritishAmerican Business Peter Brown Chairman & CEO BLJ Worldwide
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>>>>>>>>>
Major General Walter Courage CB, MBE Director Risk Advisory Group
Niel Golightly Vice President, Communications Shell
Scott Cutler Executive Vice President, Head of Global Listings NYSE Euronext
Mark Grant CEO Commercial, North America & Regional Manager Lloyds Bank
Kenneth Daly, CFA President, NY National Grid
Scott K. Halliday Vice Chair, Northeast Region Managing Partner Ernst & Young
Nick Dunlop Managing Director – Sales Leader Global Specialties Willis Group
Robin Hayes Executive Vice President and Chief Commercial Officer JetBlue Airways
Richard Holmes CEO Europe Standard Chartered Bank James S. Hutchinson Chief Administrative Partner & Partner-in-Charge, New York Alston & Bird Charles Imhof Staff Vice President Delta Air Lines Frank Jahangir Staff Vice President – Sales and Affairs EMEA Delta Air Lines James C. Johnston Executive Vice President, Regional President for EMEA Wells Fargo Jonathan Jordan Senior Partner Sermelo Philip Keevil Chairman Risk Advisory Group John W. Keogh Vice Chairman and COO ACE Group Chairman ACE Overseas General Sally King Global Chief Projects Officer and Advisor to the Board Dentons Charles Macfarlane Director PharmaVentures Chris Magrath Senior Partner Magrath
Annual
Stephen J.O. Maltby Partner Gibney, Anthony & Flaherty Colin McKay Partner PwC
Alison Rose Head of Markets and International Banking EMEA Royal Bank of Scotland Daniel Rosenberg Partner Speechly Bircham
Bob McKillip Co-Head of Markets & Int'l Banking, Americas, and Head of Int'l Banking, Americas Royal Bank of Scotland
Chris Rossi Senior Vice President, North America Virgin Atlantic Airways
Wendy Mendenhall Managing Director/New York BritishAmerican Business
Paul Rossi President, The Economist Media Businesses The Economist Group
Charles Penney Partner – US Team Leader Addleshaw Goddard Christopher J. Perry President, Global Sales & Account Management Thomson Reuters Kenneth J. Petrilla Executive Vice President Head of Banking Alliances & China Desk Wells Fargo Mahadev Raman Chairman, Americas Arup
Robert Schimek Senior Vice President, AIG President and CEO of the Americas, AIG Property Casualty Maria Cristina Sebastian Director of Worldwide Sales & Marketing Virgin Atlantic Airways Francis Small UKI Markets Leader, International Clients Ernst & Young Yvonne Smyth Director Hays
Clare Reichenbach EVP, Strategy & Business Development BBC Worldwide America
Andrew Sollinger Managing Director, Americas Financial Times
Richard Reid Senior Partner, London KPMG
Richard Sykes Principal Studley
Lynne Rennie Partner Deloitte
Richard Tams Head of UKI Sales & Marketing British Airways
Michael Roberts Managing Director & Global Head, Corporate Banking & Lending Citi
Maurice Thompson CEO, Citibank International Citi Country Officer, United Kingdom
Julio Rojas CEO, Americas Standard Chartered Bank
Sean Trotman Principal Deloitte
Richard E. Vendig EVP, Chief Financial & Administration Officer, and Secretary Active International Nicholas C. Walsh Senior Vice President AIG President and CEO EMEA AIG Property Casualty
Report
2013
David Stileman Senior Advisor Corsair Capital Ian R. Stopps CBE Chairman Raytheon UK Founder & Chairman The McLean Partnership
Charles W.B. Wardell, III President and CEO Witt/Kieffer
Gary von Lehmden Managing Director and Chairman of EMEA Corporate Banking Citi
Hank Watkins President, North America Lloyd’s
Martin J.Sullivan OBE Chairman Antares Holdings
Derek Watson Chief Financial Officer Schindler Elevator Corporation
Aidan St. P Walsh OBE Partner in Charge International KPMG
Mark Weil CEO, Marsh UK & Ireland Marsh Christopher J. Williams Chairman & CEO Williams Capital Group Ex-Officio John Breidenstine Minister Counselor for Commercial Affairs US Embassy, London Danny Lopez Her Majesty’s Consul-General, New York & Director General UK Trade & Investment USA Advisory Directors Graham A.D. Broyd Managing Director Global Head of Short Term Markets Sales and Financing Royal Bank of Scotland Dan Glaser President & CEO Marsh & McLennan Roddy Gow, OBE Chairman & Founder Canongate Partners Michael J. Kirkwood CMG Chairman Circle Holdings
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B R I T I S H AM E R ICAN BU S I N E S S
>> SPONSORS
>>>>>>>>>
BritishAmerican Business appreciates the engagement of all its member companies, and is pleased to recognize in particular the following companies who have sponsored its programs and activities in FY â&#x20AC;&#x2122;13: 414 Hotel
Citi
Littler Mendelson
A.T. Kearney
City of London
Lloyd's
ACE Group
Cushman & Wakefield
Lockheed Martin
Active International
Deloitte
Addleshaw Goddard
Delta Air Lines
London Philharmonic Orchestra
Affordable Luxury Corporation
Dentons
London Towncars
AIG
Diageo
LSG
Allen & Overy
Economist Group
Magrath
Alston & Bird
EHS Partners
Mandarin Oriental
Thomas Pink
ALTOUR
Ernst & Young
Marks Paneth & Shron
Thomson Reuters
American Airlines
Experian
Marsh & McLennan
Aon Risk Solutions
Four Seasons
MasterCard Advisors
Tottenham Hotspur Football Club
Aquiline Capital Partners
General Atlantic
McGuireWoods
Arsenal Football Club
Gibney Anthony & Flaherty
McKinney Rogers
Arup
Grange Hotels
McKinsey & Company
Asia House
Grosvenor House, A JW Marriott Hotel
Mintz Group, The
Hard Rock CafĂŠ
Mountbatten Institute
AT&T
Haworth
National Grid
Aviva Investors
HCA International
National Theatre
United Airlines
Baker & McKenzie
Hearst Corporation
New York Red Bulls
US Embassy, London
Baker Botts
Heathrow Airport
NYSE Euronext
Bank of America Merrill Lynch
Herbert Smith Freehills
PA Consulting Group
Barbican Centre
HSBC
Philharmonia Orchestra
Walkers Shortbread
Barclays
IBM Corporation IMG
Weber Shandwick
BBC Worldwide America
Promontory Growth & Innovation
BLJ Worldwide
Weil, Gotshal & Manges
Bloomberg
Institute of Chartered Accountants in England and Wales (ICAEW)
PwC
BNY Mellon
InterContinental Hotels Group
Boeing
Invest Northern Ireland
BridgeStreet
J.P. Morgan
British Airways
JetBlue Airways
Bryan Cave
Jones Lang LaSalle
BT Group
JWT
Burberry
KPMG
CB Richard Ellis
Kreab Gavin Anderson
Sheppard Mullin Richter & Hampton
Charles Schwab
Laytons Solicitors
Simon & Partners
China Daily
Linklaters
Standard & Poor's
Chubb Insurance
Links of London
Standard Chartered Bank
Association of Chartered Certified Accountants
16
Moelis & Company
Rail Europe Reed Smith
Stay AKA Sullivan & Cromwell Taylor Wessing The Dorchester The University of Chicago Booth School of Business
Tradeweb Trump International Hotel & Tower UK Foreign & Commonwealth Office UK Trade and Investment
Virgin Atlantic Airways
Wells Fargo
Robert Walters
Willis Group
Royal Bank of Canada
Witt/Kieffer
Royal Bank of Scotland Russell Reynolds Associates Searcys, The Gherkin Sedgwick
WNET World Yacht WPP YSC Zurich Insurance Group
Annual
Report
2012
Sir John Peace Chairman, Burberry, Experian, and Standard Chartered Bank >> B ritishAmerican Business plays a key role in advancing a positive global business environment and a constructive dialogue between business and government leaders, and we are proud to be associated with it. <<
Scott Cutler Executive Vice President, Head of Global Listings, NYSE Euronext >> B ritishAmerican Business does a great job of connecting senior executives at bluechip companies in ways that are mutually beneficial. My colleagues and I have both enjoyed and greatly benefited from our participation in it. <<
treasurerâ&#x20AC;&#x2122;s report
Sarah Diamond General Manager, Global Consulting Services IBM >> A world that is increasingly connected and complex places a huge premium on deep, trusted and collaborative relationships. The platform provided by BritishAmerican Business has always mattered, but it matters now more than ever as we all seek to share and access information, and benefit from the collective intelligence of its distinguished members. <<
Dominic Barton Global Managing Director, McKinsey & Company
CEO, National Grid
>> I tâ&#x20AC;&#x2122;s a pleasure and an honor for me personally, and for McKinsey, to be actively involved with as dynamic and substantive organization as BritishAmerican Business. <<
>> N ational Grid proudly supports the efforts of BritishAmerican Business and has benefited greatly over the years from the many outstanding programs and business connections that it offers. <<
Lee Bowman
Steven Holliday
Ian Stopps Chairman, Raytheon UK, and Founder & Chairman The McLean Partnership >> T hrough its active engagement with government, BritishAmerican Business significantly supports key policies of direct benefit to business on both sides of the Atlantic. <<
4
Founder and CEO, Kingstree Group >> B ritishAmerican Business offers tremendous opportunities for new business development, as well as top-quality program content. We have acquired a string of major, blue-chip clients thanks to our membership. <<
>> ANNUAL REPORT SPONSORS 2013
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