THE COMPANY TO KEEP
ANNUAL REPORT
2014
Surya Kant President, North America & Europe Tata Consultancy Services
Peter Hancock CEO and President, AIG >> At AIG, we have benefitted greatly from our close engagement with BritishAmerican Business, and from the excellent foundation it provides for building relationships among members on both sides of the Atlantic. <<
>> T he range of prestigious global corporations, transatlantic connections and business thought leadership represented at its events marks BritishAmerican Business as a leading global business network. Tata Consultancy Services derives a high level of value from its membership through networking with like minded organizations and driving further brand awareness. <<
Erik Bonino Chairman, Shell UK
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 is an outstanding business organization which does a great job of helping its members to make productive business connections and gain useful insights. <<
Nicholas Paumgarten Chairman, Corsair Capital
Lee Bowman Founder and CEO, Kingstree >> 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. <<
>> B ritishAmerican Business has the entrepreneurial gift of doing a lot with a little, and having a single minded focus on serving its customers. <<
Steve McGill Group President, Aon Risk Solutions >> B ritishAmerican Business has established an exceptional track record of customer focused innovation in the development and delivery of its services to its members. <<
ANNUAL
REPORT
2014
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
>> B ritishAmerican Business has clearly established itself as the preeminent 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 more than 100 other Chairmen and CEOs of leading multinational companies on that same board, it would seem I am not alone. <<
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2014
CHAIRMAN / CEO REPORT
W Irene Dorner Chairman, Board of Directors BritishAmerican Business President and CEO HSBC USA Group Managing Director HSBC Holdings
e are pleased to report that BritishAmerican Business recorded another year of substantive growth in FY’14, as well as its 13th successive year of operational profitability.
As the economic outlook improved, companies ramped up their interest in the high quality business connections and insights that we offer, to help them take advantage of the emerging business opportunities. As a result, we were able to continue to expand both our programming and our membership on both sides of the Atlantic. We significantly increased our programming of intimate, high level occasions – such as our CEO and Policymaker Roundtables – bringing C-Suite executives together with CEOs, thought leaders and government decision makers, to build strategic business relationships and share intelligence on key business topics (some of our speakers and topics are listed on Pages 4, 5 and 6.) We also expanded our programming, such as our Women’s Forum, focused on particular sectors of our membership, and launched several new initiatives for our membership at large. On policy issues, we continued to play a proactive leadership role on the EU-US Transatlantic Trade and Investment Partnership (TTIP), which offers massive potential benefits for our members as well as for the UK, EU and US economies at large. We were also active on other issues such as taxation, regulation, IP, aviation infrastructure and immigration.
Richard Fursland CBE CEO BritishAmerican Business
These various initiatives enabled us to continue to increase our membership, particularly among large multinational companies, and to further strengthen our influential International Advisory Board and Board of Directors (listed on Pages 12-15). The active engagement of our members, our Directors and our Advisory Board members has been central to our continuing growth and success, and we look forward to continuing to partner 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
ANNUAL
REPORT
2014
K E Y FAC T S
Executive Summary >> Hosted more than 200 Chairmen, CEOs, thought leaders and decision makers as speakers and panelists. >> Welcomed more than 8,500 executives to more than 100 high quality programs. >> Facilitated relationship building and intelligence sharing between more than 800 C-Suite executives at exclusive roundtables.
>> Led TTIP campaign, and actively advanced other policy initiatives on taxation, immigration, regulation, IP, aviation infrastructure and other issues. >> Provided marketing/brand building platforms for more than 300 of our member companies. >> Welcomed over 100 new companies into our membership and continued to strengthen our Board of Directors and International Advisory Board.
>> TREASURERâ&#x20AC;&#x2122;S REPORT
>>>>>>>>>
B
ritishAmerican Business reported another year of operational profitability in FYâ&#x20AC;&#x2122;14, as it has done every year since its establishment in 2001, despite the tight controls that companies maintained on their discretionary budgets. This represents a substantial achievement, given the economic difficulties and slow growth environment of recent years. Membership and sponsorship, supported by increased revenues from our expanded J1 Visa program, continued to represent the overwhelming majority of revenues; and costs continued to be well controlled. While the economic environment is unlikely to become any easier, BritishAmerican Business has consistently demonstrated its ability to succeed through challenging times.
Sean Trotman Treasurer BritishAmerican Business Principal Deloitte
3
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2014
T H E C O M PA N Y TO K E E P
>> SPEAKERS
>>>>>>>>>
In FY'14, we hosted more than 200 leading Chairmen and Chief Executives, opinion formers, industry experts and government decision makers as speakers and discussion leaders,
GERARD BAKER Managing Editor The Wall Street Journal
DOMINIC BARTON Global Managing Director McKinsey & Company
MATTHEW BARZUN American Ambassador to the Court of St Jamesâ&#x20AC;&#x2122;s
THE RT HON NICK CLEGG MP UK Deputy Prime Minister
KAREL DE GUCHT EU Commissioner for Trade
SARAH DIAMOND General Manager, Global Consulting Services, IBM
DOUGLAS FLINT Group Chairman HSBC
ANTHONY FOXX US Secretary of Transportation
ANTHONY L. GARDNER US Ambassador to the European Union
including:
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2014
PETER GRAUER Chairman Bloomberg
THE RT HON WILLIAM HAGUE MP [Then] UK Secretary of State for Foreign and Commonwealth Affairs
HEATHER MCGREGOR aka Mrs Moneypenny Financial Times
ALAN RUSBRIDGER Editor The Guardian
PETER SANDS Group CEO Standard Chartered
STEPHEN A. SCHWARZMAN Founder, Chairman & CEO The Blackstone Group
MIRIAM SAPIRO [Then] Deputy US Trade Representative
SIR MARTIN SORRELL Group Chief Executive WPP
PETER D. SUTHERLAND KCMG Chairman Goldman Sachs International
MARK THOMPSON President & CEO New York Times
JEFFREY WEINER CEO LinkedIn
SIR PETER WESTMACOTT KCMG, LVO Her Majesty’s Ambassador to the USA
5
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2014
EVENT HIGHLIGHTS
>> THOUGHT LEADERSHIP
>>>>>>>>>
We welcomed more than 8,500 executives to more than 100 programs in the course of the year, including C-Suite roundtables, business briefings and professional forums on critical issues such as: n
The Era of ‘You’: A Discussion of Global Branding
n
n n
The Business Imperatives of Diversity and Inclusion n
n
n
Managing Risk, Resilience and Return in a Transforming Landscape A Growth Agenda: How to Kick Start the Economy, Fix the Deficits and Create more Jobs
n
n n
Risks and Opportunities: The Global Security Outlook for 2014
TTIP and Why It Matters
n
The Outlook for Emerging Markets
n
Cyber Security: How to Manage the Risks, Responsibilities and Returns The Future of Communications Technology: The Next Big Things How to Modernize our Energy Infrastructure and Keep the Lights On
n
n
n
n n
The Next Chapter for China: Key Trends and Game Changers
n
n n
n
The Future of Finance Innovation and Disruptive Technology: Transforming our Business World
n
The Future of Competition Policy The Balanced Board – The Future of Corporate Leadership
n
Saying ‘No’: The Single Most Important Life Skill for Women The Global Rule of Law – and Why it Matters The Future of Journalism in the Digital Age The Race for Talent – and How to Win it The End Game for Financial Markets Reform Embracing Contradiction in the Development of Next Generation Leadership Competition, Regulation and the Future of EU-US Relations
The New Transatlantic Market: Game Changers, Opportunities and Risks
Duncan Edwards President & CEO, Hearst Magazines International
>> 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 first-rate platforms to promote our business connections and profile. << 6
Panelists from Akin Gump, HSBC, Marsh & McLennan and UBS lead a discussion on “The Women’s Network – Creating Opportunities for Growth” at our Women’s Forum.
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POLICY WORK
>> POLICY
W
>>>>>>>>>
e continued to step up the level and reach of our policy work in FYâ&#x20AC;&#x2122;14, in three respects.
We further expanded our program of forums to bring select groups of senior executives together with leading government decision makers, to share and advance their priorities and concerns on key policy issues affecting the business community. We stepped up our leadership role in promoting the prospective EU-US Transatlantic Trade & Investment Partnership (TTIP), which would bring massive benefits to our members and to the UK, US and EU economies at large. This has included both submitting policy recommendations to government to improve the negotiation outcomes and launching and running an EU-US Trade & Investment Forum, an All-Party Parliamentary Group on TTIP in London, a website focusing on the negotiations, and a roadshow series on TTIP in regional business centers. We also took a more active advocacy role with government on behalf of our members on other issues of particular concern, including taxation, immigration, regulation, IP and aviation infrastructure. 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 more than 2,000 member companies of the British-American Business Council, as well as our own membership.
Peter Sands Group CEO Standard Chartered
>> 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, and Chairman, Europe, JP 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 that can help them grow their business.
Corporate Membership offers small to midsize companies a broad range of services including the opportunities to: n
These include exclusive thought leadership and relationship building programs for senior decision makers; targeted B2B platforms for brand building, marketing and networking; 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 gear our programming to provide benefits to a broad cross section of corporate executives, ranging from Chief Executives through senior management to young professionals, and offer two different membership levels to meet the respective needs of major multinational and small to midsize companies. Membership in our Transatlantic Council offers leading multinational companies a customized program of exclusive services, in addition to our basic benefit offering, including the opportunities to: n
n
n
n
8
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 their membership and share these benefits with their whole management team.
n
n
n
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 other 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 return on time and money invested with the organization. <<
ANNUAL
REPORT
2014
B R I T I S H AM E R ICAN BU S I N E S S
LEADERSHIP HONORARY PATRONS Matthew Barzun American Ambassador to the Court of St James's
Sir Peter Westmacott, KCMG, LVO Her Majestyâ&#x20AC;&#x2122;s Ambassador to the USA
CHAIRMAN, INTERNATIONAL ADVISORY BOARD Sir Martin Sorrell Group Chief Executive, WPP
CHAIRMAN, BOARD OF DIRECTORS Irene Dorner President and CEO, HSBC USA Group Managing Director, HSBC Holdings
DEPUTY CHAIRMAN/PRESIDENT Nicholas C. Walsh Vice Chairman, AIG Property Casualty Senior Vice President, AIG
CEO Richard Fursland CBE
MANAGING DIRECTOR, LONDON Jeffries Briginshaw
Dan Glaser,
MANAGING DIRECTOR, NEW YORK Wendy Mendenhall
President & CEO, Marsh & McLennan Companies
>> 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. <<
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MEMBERSHIP
>> MEMBERSHIP SAMPLE LISTING
>>>>>>>>>
Our membership has continued to grow throughout FY'14 and comprises hundreds of the worldâ&#x20AC;&#x2122;s leading multinational and middle market companies covering a broad range of sectors, including companies such as: 3M
BDO
Citi
Aberdeen Asset Management
Beazley Group
City of London
BGD Holdings
Cognizant
Blick Rothenberg
Coller Capital
BLJ Worldwide
Colliers International
Bloomberg
Corsair Capital
BNY Mellon
Crowell & Moring
Boeing
Cubitt Consulting
Boots
AlixPartners
Cushman & Wakefield
Gulfstream Aerospace Corporation
Boston Consulting Group
Ally Financial
Deloitte
Handelsbanken
BP
Alston & Bird
Delta Air Lines
Harrods
British Airways
American Airlines
Dentons
Havas Worldwide
British Land
Aon Hewitt
Deutsche Bank
Broadridge Financial Solutions
Hays
DLA Piper
HCA International
Dorchester, The
Hearst
Dow Jones
Heathrow Airport
Duke University
Heidrick & Struggles
Economist Group, The
Herbert Smith Freehills
Edelman
Hill+Knowlton Strategies
EHS Partners
HP
ExxonMobil
HSBC
EY
Hyatt Regency Churchill
FedEx
IBM
Financial Times
IMG
Finsbury
InterContinental Hotels
FMP Global
Invest Hong Kong
ACE Group ACS International Schools Addleshaw Goddard ADP AIG Akin Gump
Aon Risk Solutions
10
Freshfields Bruckhaus Deringer FTI Consulting FTSE General Atlantic Goldman Sachs Google Grange Hotels
Aquiline Capital Partners
Brookfield Office Properties
Arnold & Porter
Brunswick Group
Arsenal Football Club
BT
Arup
Burberry
Asia House
Burson-Marsteller
Aspen Insurance
Capital One Bank
AT Kearney
CB Richard Ellis
AT&T
Chadbourne & Parke
BAE Systems
Charles Schwab
Baker & McKenzie
Chevron
Bank of America Merrill Lynch
Chicago Booth School of Business
Barclays
Chubb Group
Ford Motor Company
Invest Northern Ireland
BBC Worldwide
CIT
Fragomen
IPSA International
ANNUAL
Jacksonville Jaguars
MasterCard
Jaguar Land Rover
McGraw-Hill
JetBlue Airways
McKinney Rogers
Joele Frank
McKinsey & Company
Jones Lang LaSalle
Mercer
JPMorgan Chase
Merrill Corporation
JSI Logistics
Mintz Group, The
Just Marketing International
Moelis & Company
JW Marriott Essex House
Morgan Lewis & Bockius
JWT
Morgans Hotel Group
Karen Millen
National Grid
King & Spalding
National Theatre
Kingstree
New York Times
Korn Ferry
Newmark Grubb Knight Frank
KPMG Kroll Latham & Watkins Legg Mason LexisNexis Linklaters
Montrose Associates
PwC Radius
Tradeweb Travel Leaders
Reed Smith
Travelex
Risk Advisory Group Robert Walters Rolls-Royce Royal Bank of Scotland Russell Reynolds Associates
Northrop Grumman
Schroders
Norton Rose Fulbright
Shakespeare’s Globe
Oliver Wyman
Lloyds Bank
PA Consulting Group
Lockheed Martin
PACCAR
London & Partners
Paul Stuart
London Business School
Pfizer
London Philharmonic Orchestra
Philharmonia Orchestra
Magrath
Pierre – A Taj Hotel, The
Marriott Hotels
Pillsbury Winthrop Shaw Pittman
Philip Morris
Pitch Factory PR Newswire Association
Tishman Speyer
Reed Elsevier
Santander
Lloyd’s
Thomson Reuters
Raytheon
NFL
NYSE
Thomas Pink
Tottenham Hotspur Football Club
Reiss
Shearman & Sterling Shell Siemens Financial Services
Turner & Townsend UBS UK Trade & Investment United Airlines Universal Music UPS US Embassy, London Verizon Virgin Atlantic Airways Vodafone Group Weber Shandwick Weil, Gotshal & Manges WeiserMazars Wells Fargo
Speechly Bircham
Williams Capital Group
Spence & Partners
Willis
Squire Patton Boggs
Winchester Capital
St Paul’s Cathedral
Withers
Standard Chartered
Witt/Kieffer
State Street
WL Ross & Co
Sullivan & Cromwell
WPP
Sun European Partners
Xerox
TASIS The American School in England
YOTEL New York
Tata Consultancy Services
2014
TheCityUK
Rail Europe
Saïd Business School, Oxford University
Links of London
Mashable
Prosek Partners
News Corporation
NYU Stern School of Business
Marsh & McLennan Companies
Promontory Financial Group
REPORT
Young & Rubicam Zurich Insurance
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ANNUAL
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2014
>> INTERNATIONAL ADVISORY BOARD CHAIRMAN Sir Martin Sorrell Group Chief Executive WPP MEMBERS Dame Helen Alexander Chairman UBM Richard Anderson CEO Delta Air Lines
Michael Carpenter CEO Ally Financial Dominic Casserley CEO Willis
Johan C. Aurik Managing Partner and Chairman AT Kearney
Michael Cole-Fontayn Executive Vice President and Chairman, EMEA BNY Mellon
Ajay Banga President & CEO MasterCard
Jeremy Coller Chairman Coller Capital
Lionel Barber Editor Financial Times
Bal G. Das Chairman BGD Holdings
David Barger CEO JetBlue Airways
Lord Davies of Abersoch Vice Chairman Corsair Capital
Dominic Barton Global Managing Director McKinsey & Company
Ian Davis Chairman Rolls-Royce
Matthew Barzun American Ambassador to the Court of St. James’s Honorary Co-Patron of BritishAmerican Business
Pat Dewar Chairman Lockheed Martin Global
Erik Engstrom CEO Reed Elsevier
Sir Thomas Harris KBE, CMG Vice Chairman Standard Chartered
John Fallon CEO Pearson
Peter Blair Henry Dean NYU Stern School of Business
Douglas Flint Group Chairman HSBC
Greg Hodkinson Global Chairman Arup
Orit Gadiesh Chairman Bain & Co.
Steven Holliday CEO National Grid
Chris Gibson-Smith Chairman London Stock Exchange Group
Tom Horton Chairman American Airlines
Martin Gilbert Chief Executive Aberdeen Asset Management
Antony Jenkins Group Chief Executive Barclays
Dan Glaser President & CEO Marsh & McLennan Companies
Dominic Jermey Chief Executive UK Trade & Investment
Richard J. Gnodde Co-Chief Executive Officer Goldman Sachs
Surya Kant President, North America & Europe Tata Consultancy Services
Michael Golden Vice Chairman New York Times
Ian King Chief Executive Officer BAE Systems
Lucian Grainge CBE Chairman & CEO Universal Music
The Hon Philip Lader Senior Advisor Morgan Stanley
Peter Grauer Chairman Bloomberg
Sir Andrew Likierman Dean London Business School
Michael Dobson Group CEO Schroders
Evan Greenberg Chairman & CEO ACE Group
Eugene Ludwig Founder & CEO Promontory Financial Group
Sir Richard Branson Founder & Chairman Virgin
Lloyd Dorfman Chairman Travelex
Jeffrey W. Greenberg Chairman Aquiline Capital Partners
Sir David Manning GCMG, CVO Non-Executive Director BG Group
Sir Martin Broughton Deputy Chairman IAG
Robert Dudley CEO BP
Chris Grigg Chief Executive British Land
Sir Deryck C. Maughan Senior Advisor KKR
J. Frank Brown COO General Atlantic
Jack Dunn President & CEO FTI Consulting
Sir Philip Hampton Chairman Royal Bank of Scotland
David Mayhew Vice Chairman JP Morgan
Gary Burnison CEO Korn Ferry
Duncan J. Edwards President & CEO Hearst Magazines International
Peter Hancock CEO and President AIG
Steve McGill Group President Aon Risk Solutions
Inga K Beale Chief Executive Officer Lloyd’s Robert J. Blanding Chairman & CEO Loomis Sayles
12
Don Callahan Head of Operations and Technology Citigroup
>>>>>>>>>
Sarah Diamond General Manager, Global Consulting Services IBM
ANNUAL
REPORT
2014
Harold McGraw III Chairman McGraw Hill Financial
Sir Michael Rake Chairman BT
James Smith President & CEO Thomson Reuters
Gregory D. Wasson President & CEO Walgreen Co
Damian McKinney CEO & Founder McKinney Rogers
Ian Read Chairman & CEO Pfizer
Richard Solomons CEO InterContinental Hotels Group
Sir Christopher Meyer KCMG Non-Executive Director The Arbuthnot Banking Group
John Rishton Chief Executive Rolls-Royce
Dr Ralf Speth CEO Jaguar Land Rover
Seth Waugh Chairman, Americas Advisory Board Deutsche Bank
Christopher Rodrigues CBE Chairman VisitBritain
Jerry Speyer Chairman & Co-CEO Tishman Speyer
Sir John Rose Chairman Hakluyt & Company
Bob Sulentic CEO CBRE
Jeffrey A. Rosen Deputy Chairman Lazard
Joseph A. Sullivan President & CEO Legg Mason
Irene Rosenfeld Chairman & CEO Mondeléz International
Peter D. Sutherland KCMG Chairman Goldman Sachs International
Wilbur L. Ross, Jr Chairman & CEO WL Ross & Co
Ratan N. Tata Chairman Tata Trusts
Sharon T. Rowlands CEO Altegrity
John A. Thain Chairman & CEO CIT Group
Neeraj Sahai President Standard & Poor’s
Mark Thompson President & CEO New York Times
Barry Salzberg Global CEO Deloitte
Rex Tillerson Chairman & CEO ExxonMobil
Peter Sands Group CEO Standard Chartered
Leo M. Tilman President Tilman & Company
Herb Scannell President BBC Worldwide America
Robert Toohey President Verizon
Stephen Schwarzman Chairman, CEO & Co-Founder The Blackstone Group
Martin van Roekel CEO BDO International
John Sexton President New York University
John Veihmeyer Chairman & CEO, Americas KPMG
Sir Nigel Sheinwald GCMG Non-Executive Director Shell
Paul Walsh Chairman Compass Group
Jeffery A. Smisek Chairman, President & CEO United Continental Holdings
Charles W.B. Wardell, III President & CEO Witt/Kieffer
John Micklethwait Editor-in-Chief The Economist Lakshmi Mittal Chairman & CEO Arcelor Mittal Kenneth D. Moelis CEO Moelis & Company James Murdoch Co-COO 21st Century Fox Clarke Murphy CEO Russell Reynolds Associates Dennis M. Nally Chairman PwC Chris O’Kane CEO Aspen Insurance Lee Olesky CEO Tradeweb Lord Paul of Marylebone Chairman & Founder Caparo Group Douglas L. Peterson President & CEO McGraw Hill Financial Mark Pigott KBE Chairman & CEO PACCAR Bob Pittman Chairman & CEO Clear Channel Professor John A. Quelch CBE Charles Edward Wilson Professor of Business Administration Harvard Business School
Mark A. Weinberger Global Chairman & CEO EY Jeffrey Weiner CEO LinkedIn Sir Peter Westmacott, KCMG, LVO Her Majesty’s Ambassador to the USA Honorary Co-Patron of BritishAmerican Business Christopher J. Williams Chairman & CEO Williams Capital Group Keith Williams Executive Chairman British Airways Alexander Wilmot-Sitwell President of EMEA and Emerging Markets ex-Asia Bank of America Merrill Lynch Richard Yorke Executive Vice President & Head of International Group Wells Fargo
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2014
>> BOARD OF DIRECTORS CHAIRMAN Irene Dorner President and CEO HSBC USA Group Managing Director HSBC Holdings DEPUTY CHAIRMAN Nicholas C. Walsh Vice Chairman AIG Property Casualty Senior Vice President AIG DIRECTORS Ceasar N. Anquillare Chairman & CEO Winchester Capital Lisa Ashe Managing Director AlixPartners Stephen R. Ball Chief Executive Lockheed Martin UK James Bardrick Country Officer Vice Chairman Corporate & Investment Banking Citi David Batchelor President, International Marsh Mike Bolin Managing Director, Global Head Finance Business Solutions UBS Cheryl Boucher Chief Risk Officer Bank of America Merrill Lynch Lee Bowman Chief Executive Kingstree Greg Briggs Partner PwC
14
>>>>>>>>>
Jeffries Briginshaw Managing Director/London BritishAmerican Business Simon Brocklebank-Fowler Managing Partner Cubitt Consulting Limited Peter Brown Chairman & CEO BLJ Worldwide Michael J. Brzostowski Director, Business Development Travel Leaders Corporate Barbara Byrne Vice Chairman, Investment Banking Barclays Robert Byrne Senior Partner AT Kearney Sam Cargill CEO, Private Risk Management Aon Risk Solutions Siobhan Carroll Special Adviser HCA International Jim Carter Vice President-Eastern Sales Division American Airlines Roland Chalons-Browne President & CEO Siemens Financial Services Mike Corkerry Executive Director, EMEA Government Affairs AT&T Christine Cormier Regional Sales Director United Airlines Major General Walter Courage CB, MBE Director The Risk Advisory Group
Scott Cutler Executive Vice President, Head of Global Listings IntercontinentalExchange NYSE Kenneth Daly, CFA President, NY National Grid Sean Doyle General Manager and EVP, Americas British Airways Nick Dunlop Managing Director – Sales Leader Global Specialties Willis Steve Dwyre Managing Director of Industrials & TMT Lloyds Bank Patrick Falconer Managing Director,UK, Northern Europe, Middle East & Africa New York Times Tracy Faulkner Vice President, Global Communications, Downstream Shell Christopher Fraser OBE Strategic Counsel and Managing Director BNY Mellon Kevin I. Fromer Executive Vice President & Head of Public Policy, North America HSBC Richard Fursland CBE CEO BritishAmerican Business & British-American Busines Council Robert P. Garrett New York Office Managing Partner KPMG Mark S. Garvin Vice Chairman, Corporate & Investment Bank Chairman, Europe JP Morgan
Stefan M. Gavell Executive Vice President, Global Head of Regulatory, Industry and Government Affairs State Street Corporation Mark Grant CEO Commercial, North America & Regional Manager Lloyds Bank Scott K. Halliday Vice Chairman and Managing Partner, Northeast Region EY Robin Hayes President JetBlue Airways Ian Henley Head of Corporate Banking, Europe HSBC Gregory Hodkinson Global Chairman Arup Richard Holmes CEO Europe Standard Chartered Vivian Hunt Managing Partner, UK & Ireland McKinsey & Company James S. Hutchinson Chief Administrative Partner & Partner-in-Charge, New York Alston & Bird Charles Imhof Staff Vice President Delta Air Lines Jessica Irschick Global Head of Equities Sales Strategy Bank of America Merrill Lynch Frank Jahangir Staff Vice President – Sales and Affairs EMEA Delta Air Lines
ANNUAL
REPORT
2014
James C. Johnston Executive Vice President, Regional President for EMEA Wells Fargo
Clare Reichenbach EVP, Strategy & Business Development BBC Worldwide North America
Francis Small UKI Markets Leader, International Clients EY
Jonathan Jordan Senior Partner Sermelo
Richard Reid Senior Partner, London KPMG
Yvonne Smyth Director Hays
Lynne Rennie Partner Deloitte
Ros Stephenson Global Chairman of Corporate Client Solutions UBS
ADVISORY DIRECTORS Graham A.D. Broyd Managing Director, Global Head of Markets Regulation, RBS Markets and International Banking Royal Bank of Scotland
Sally King Chief Operating Officer Akin Gump
Michael Roberts Managing Director & Global Head, Corporate Banking & Lending Citi
Larry Stone President, Group Public & Government Affairs BT
Dan Glaser President & CEO Marsh & McLennan Companies
Charles Macfarlane Director PharmaVentures
Julio Rojas CEO, Americas Standard Chartered
Richard Sykes Principal AOS Studley
Roddy Gow, OBE Chairman & Founder Canongate Partners
Chris Magrath Senior Partner Magrath
Alison Rose Head of Markets and International Banking EMEA Royal Bank of Scotland
Sean Trotman Principal Deloitte Tax
Michael J. Kirkwood CMG Chairman Circle Holdings
Kevin Wall Managing Director, Co-Head of Corporate Banking Origination Vice Chairman, Investment Banking Barclays
Kevin Sneader Chairman, Asia McKinsey & Company
John W. Keogh Vice Chairman and COO ACE Limited Chairman ACE Overseas General
Stephen J.O. Maltby Partner Gibney, Anthony & Flaherty Bob McKillip Co-Head of Markets & International Banking, Americas, and Head of International Banking, Americas Royal Bank of Scotland Wendy Mendenhall Managing Director/New York BritishAmerican Business Charles Penney Partner – US Team Leader Addleshaw Goddard Christopher J. Perry President, Global Sales, Marketing & Client Solutions Broadridge Financial Solutions Kenneth J. Petrilla Executive Vice President, Head of Banking Alliances & China Desk Wells Fargo Mahadev Raman Chairman, Americas Arup
Daniel Rosenberg Partner Speechly Bircham Chris Rossi Senior Vice President, North America Virgin Atlantic Airways Paul Rossi President, The Economist Media Businesses The Economist Group Daniel T. Ryan Partner in Charge - NY Office Regional Managing Partner for the FS Practice in the Americas Heidrick & Struggles 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
Charles W.B. Wardell, III President and CEO Witt/Kieffer Hank Watkins President, North America Lloyd’s Derek Watson Chief Financial Officer Schindler Elevator Corporation 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
Danny Lopez Her Majesty’s Consul-General, New York & Director-General USA UK Trade & Investment
David Stileman Senior Advisor Corsair Capital Ian R. Stopps CBE Chairman Raytheon Founder & Chairman The Mclean Partnership Gary von Lehmden Managing Director and Chairman of EMEA Corporate Banking Citi Martin J. Sullivan OBE Director Cooper Gay Swett & Crawford and Paradigm Outcomes Aidan St. P. Walsh OBE Partner in Charge International KPMG
15
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2014
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 '14: 3M
Delta Air Lines
Lockheed Martin
Reiss
Aberdeen Asset Management
Dorchester, The
Royal Bank of Scotland
ACCA
Economist Group, The
London Philharmonic Orchestra
ACE Group
EHS Partners
Active International
EY
AIG
Financial Times
AKA
Grange Hotels
AlixPartners
Hard Rock Cafe
Alston & Bird
Harrods
American Airlines
Hays
Andersen Tax
HCA International
Aon Risk Solutions
Hearst
Aquiline Capital Partners
Heathrow Airport
Arsenal Football Club
Heidrick & Struggles
Arup
Herbert Smith Freehills
Baker & McKenzie
HSBC
Baker Botts
Hyatt Regency Churchill
Bank of America Merrill Lynch
IBM
Barbican
IMG
Barclays
InterContinental Hotels
BBC Worldwide
Invest Northern Ireland
Bloomberg
IPSA International
British Airways
Jaguar Land Rover
BT
Jones Lang LaSalle
Burberry
Just Marketing International
Charles Schwab
JWT
Chicago Booth School of Business
Karen Millen
Chubb Group Citi
16
Kingstree KPMG
London Towncars LSG
Shakespeareâ&#x20AC;&#x2122;s Globe Shell
MADE
Squire Patton Boggs
Magrath
Standard Chartered
Manchester Business School
Starr Companies
Marriott Hotels
Sullivan & Cromwell
Marsh & McLennan Companies
Thomas Pink
MasterCard
Thompson Hine
McGraw-Hill
Thomson Reuters
McGuire Woods McKinsey & Company Morgans Hotel Group Mountbatten Insititute National Grid National Theatre
Total Management TOWN Residential Tradeweb Turner & Townsend UBS
New York Red Bulls
UK Trade & Investment
New York Times
Unigroup Relocation
Norton Rose Fulbright
United Airlines
NYSE
Universal Music
OfficeLinks
Verizon
Orrick Herrington & Sutcliffe
Virgin Atlantic Airways
Paul Stuart
Walkers Shortbread
Pfizer Philharmonia Orchestra Philip Morris Pierre â&#x20AC;&#x201C; A Taj Hotel, The Promontory Financial Group
Weil, Gotshal & Manges Wells Fargo Williams Capital Group Willis
City of London
Law Society of England and Wales
Corsair Capital
LexisNexis
PwC
World Yacht
DDC Group
Links of London
Rail Europe
Young & Rubicam
Debevoise & Plimpton
Lloyd's
Raytheon
YSC
Deloitte
Lloyds Bank
Reed Smith
Zurich Insurance
Pullman Hotel London
Winchester Capital
Steven Holliday CEO, National Grid >> 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. <<
Dominic Barton Global Managing Director, McKinsey & Company >> I t is a pleasure and an honor for me personally, and for McKinsey, to be actively involved with as dynamic and substantive an organization as BritishAmerican Business. <<
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. <<
Jennifer Prosek Founder and CEO, Prosek Partners
Sir John Peace Chairman, Burberry, Experian, and Standard Chartered >> 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. <<
>> B ritishAmerican Business offers entrepreneurial companies a host of high quality opportunities to gain visibility and connections with major multinationals, and to win their business â&#x20AC;&#x201C; our membership has proved to be a great investment for us! <<
Michael Roberts Managing Director & Global Head, Corporate Banking & Lending, Citi
Peter Grauer Chairman, Bloomberg >> B ritishAmerican Business uses its New York/London axis very effectively to provide real value to companies like ours that have significant interests in both cities. <<
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>> ANNUAL REPORT SPONSORS 2014
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