THE COMPANY TO KEEP
2015
A N N U A L
R E P O R T
John Holland-Kaye CEO, Heathrow Airport
Craig Kreeger CEO, Virgin Atlantic >> As a predominantly transatlantic airline, it’s incredibly important to us to build relationships with key businesses and stakeholders in the US as well as the UK. BritishAmerican Business has been invaluable in providing us with access to the right tools, information, and partners to help us strengthen our relationships — and our business — on both sides of the Atlantic. <<
>> The US is one of the world’s growth economies — an opportunity for exports, a source of capital, tourism, and students. BritishAmerican Business plays a critical role in improving the cultural and commercial links between Britain and the US. <<
Steve Holliday Chief Executive, National Grid >> National 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. <<
Gregory Hodkinson Chairman, Arup >> BritishAmerican Business provides an effective platform to engage with governments on both sides of the Atlantic on policy and regulatory issues that affect business and trade. In addition, it fosters dialogue and helps build relationships with fellow business leaders around matters of mutual interest. <<
Michael Roberts Managing Director & Global Head, Corporate Banking & Lending, Citi >> Companies 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. <<
Peter Grauer Chairman, Bloomberg >> BritishAmerican Business uses its New York / London axis very effectively to provide real value to companies like ours that have significant interests in both cities. <<
Jennifer Prosek Founder and CEO, Prosek Partners >> BritishAmerican Business offers entrepreneurial companies a host of high quality 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! <<
ANNUAL
REPORT
2015
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 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 are a central factor in our success – allowing us to become a network with a purpose. We stand for the best of transatlantic business at work delivering superior performance and returns in global markets.
Sir Martin Sorrell Group Chief Executive, WPP, and Chairman, BritishAmerican Business International Advisory Board
>> BritishAmerican 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. <<
1
ANNUAL
REPORT
2015
BRITISHAMERICAN BUSINESS CHAIRMAN / CEO REPORT
W
e are pleased to report that BritishAmerican Business recorded another year of growth in FY’15, and a 14th successive year of operational profitability. Much of our success is due to the strong foundations our successful founder and former CEO, Richard Fursland CBE, helped build. Richard continues in an advisory capacity following his retirement in February.
Nicholas C. Walsh Chairman, Board of Directors BritishAmerican Business Senior Advisor AIG Property Casualty
Jeffries Briginshaw CEO BritishAmerican Business
The economic climate has improved on both sides of the Atlantic, and companies are now more freely able to invest time and resources in the high-quality business connections and opportunities that we help create. As a result, we have been able to strengthen our influential International Advisory Board and Board of Directors (listed on pages 12-15). We are a network with a purpose and stand for the best of transatlantic business at work to deliver superior performance and returns in global markets. We delivered a high quality program on both sides of the Atlantic during FY ’15 and our ‘content rich’ events helped our members to build new relationships and strengthen old ones. Our program includes top-level C-Suite roundtables with business leaders and government decision-makers. We also offer outstanding thought leadership events and forums, such as The Women’s Forum – our single best attended network. On policy issues, we play a proactive leadership role for the EU-US Transatlantic Trade and Investment Partnership (TTIP), which we believe offers significant potential benefits for our members and for the UK, EU, and US economies at large. As we approach a 'window' of political opportunity to get a deal done ahead of next year’s US Presidential election, we will continue to ‘lift weight’ for TTIP within and beyond our membership. More broadly we are active on many current issues of ongoing concern to members including immigration, taxation, and economic sanctions. Some of our top speakers and thought leadership topics are listed on pages 4-6. For the year ahead we are looking forward to the launch of a new website which will allow us to provide our leading content across a stronger mix of platforms and social networks. We believe this will complement our core physical network, add greater visibility to our brand and identity and reach a wider public.
Nicholas C. Walsh Chairman, Board of Directors BritishAmerican Business
2
Jeffries Briginshaw CEO BritishAmerican Business
ANNUAL
REPORT
2015
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 10,000 executives to more than 100 high-quality programs. >> Facilitated relationship-building and intelligence-sharing between more than 1,200 C-Suite executives at exclusive roundtables. >> Carried out over 1,000 face-to-face meetings with member companies.
>> TREASURERâ&#x20AC;&#x2122;S REPORT
>> Continued a comprehensive TTIP campaign with 9 events, and actively advanced other policy initiatives on data, taxation, immigration, financial services, aviation infrastructure, UK exports, 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.
>>>>>>>>>
B
ritishAmerican Business reported another year of operational profitability in FYâ&#x20AC;&#x2122;15, as it has done every year since its establishment in 2001, despite the tight controls that companies maintained on their discretionary budgets. This is a substantial achievement and will help to drive our investment in the tools we need to sustain our value proposition in FY'16 and beyond. Membership and sponsorship, supported by increased revenues from our expanded J-1 Visa program, continued to represent the overwhelming majority of revenues; and costs continued to be well controlled.
Sean Trotman Treasurer BritishAmerican Business Principal Deloitte
3
ANNUAL
REPORT
2015
T H E C O M PA N Y TO K E E P
>> SPEAKERS
>>>>>>>>>
In FY'15, we hosted more than 200 leading Chairmen and Chief Executives, opinion-formers, industry experts and government decisionmakers as speakers and discussion leaders,
MATTHEW BARZUN American Ambassador to the Court of St. James's
ED BASTIAN President Delta Air lines
LORD BLACKWELL Chairman Lloyds Banking Group
BORIS JOHNSON Mayor of London
CRAIG KREEGER CEO Virgin Atlantic Airways
RT. HON. LORD LIVINGSTON OF PARKHEAD UK Minister of State for Trade and Investment
CHRISTINA PETERS Chief Privacy Officer IBM
NEERAJ SAHAI Then President Standard and Poorâ&#x20AC;&#x2122;s
JAMES SMITH President & CEO Thomson Reuters
including:
4
ANNUAL
REPORT
2015
SHANNON BREAM Washington Correspondent Fox News
SIR MARTIN BROUGHTON Deputy Chairman International Airlines Group
IAN DAVIS Chairman Rolls-Royce
STEVE HOLLIDAY Chief Executive National Grid
SIR MARK LYALL GRANT Former UK Ambassador at the United Nations
KENNETH MOELIS Chairman and CEO Moelis and Company
DAVID O’SULLIVAN EU Ambassador to the US
KAREN PEETZ President BNY Mellon
SIR JACKIE STEWART OBE 3 Times F1 World Champion, Founder and CEO of Stewart Grand Prix
MARK THOMPSON CEO The New York Times Company
ROBERT THOMSON CEO News Corp
DAME FIONA WOOLF CBE Senior Partner CMS Cameron McKenna Lord Mayor of London 2013/14
5
ANNUAL
REPORT
2015
EVENT HIGHLIGHTS
>> THOUGHT LEADERSHIP
>>>>>>>>>
We welcomed more than 10,000 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
n
n
n
n
n
n
n
Building an Efficient Energy Future: What Matters Most for Businesses and Consumers
n
Connecting CSR With Your People, PR, and Profit Economic Outlook 2015 — Stalled Recoveries or the New Normal?
n
Effective Boards — The Challenge of Leadership
n
Emerging Frontier Markets 2015 — China & Latin America Foreign Account Tax Compliance Act (FATCA) — The New Global Frontier
n
n
Global Rule of Law — Growing Your Business Responsibly
n
How to Sustain an Innovative Culture and Drive Organic Growth
n
Open for Business: What a Transatlantic Free Trade and Investment Agreement Means to the UK Chemicals, Food & Drink, & Life Sciences Sectors Protecting the Marketplace: Cyber Threats and Your Business Smart Sanctions, Smart Compliance and 21st Century Statecraft Technology and Innovation: Connected World, Connected Cities, Connected People
n
n
n
n
n
n
The Age of Regional Conflict — How Long Will it Last?
n
The Capital Markets: A Birds-eye View
n
The Impact of Digital on the Future of Customer Engagement
The Increasing Importance of Succession Planning The New Norms for Business in China The New Transatlantic Market: Game-changers, Opportunities, and Risks The Tech World in 2015: Trends & Predictions The US Midterm Elections: Outcomes & Predictions UK Immigration — Recent Changes and Developments Women’s Internal Networks as a Business Imperative Why Diversity Matters to Global Firms
Duncan Edwards President & CEO, Hearst Magazines International
>> BritishAmerican 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 General Atlantic, BAE Systems Applied Intelligence, Zurich North America, and Berkeley Research Group lead a discussion on “Cyber Security and Fraud — What Your Business Needs to Do” at the BritishAmerican Business Hosted BABC Annual Conference in New York this year.
ANNUAL
REPORT
2015
BRITISHAMERICAN BUSINESS PROFILE
>> 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 decisionmakers, 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 J-1 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
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
Nicolas Aubert CEO, Willis GB
>> BritishAmerican Business continues to excel in its mission to bring new opportunities to its members through the highest quality connections and access to the best business intelligence. We are proud to be members of BritishAmerican Business. <<
7
ANNUAL
REPORT
2015
MEMBERSHIP
>> POLICY
W
>>>>>>>>>
e continued to step up the level and reach of our policy work in FY’15, in three respects in particular:
A relevant transatlantic voice of business BritishAmerican Business speaks for the businesses that ‘drive’ one of the most important and integrated economic relationships anywhere in the world. Our brand and mission seek to champion the UK-US economic relationship as a source of strength for our members’ global businesses and ambitions. We encourage our governments to lead and focus on key issues such as Competitiveness, Capital Markets and Financial Services, completing the European Single Market, and the Transatlantic Trade and Investment Partnership (TTIP). We advocate policies that help to ensure that the transatlantic market as a whole remains an attractive destination for business and a credible global leadership template. A creative and efficient way of policy advocacy In our TTIP work, we learned that it is sometimes not enough to speak about the geopolitics and global dimension of a policy to win new converts to a cause. We are training ourselves to deliver from a "grassroots" perspective in order to convey the impact of a policy to those who will be directly affected by it in practical ways. The continuing success of our work, in particular the launch of the report ‘Local, Specific, Tangible’ and our new TTIP event series ‘Open for Business’ where we have ‘drilled down’ deeper into the sectoral TTIP opportunity, shows that we can deliver creative new platforms for policy advocacy.
Ivan Rogers the UK's Permanent Representative to the EU
>> I was delighted to host the launch of BAB’s 2015 report on the Transatlantic Trade and Investment Partnership (TTIP) in Brussels. ‘Local, Specific, Tangible’ is a great piece of evidence of UK trade and investment ambitions and should inform the TTIP debate in the UK and beyond.<<
An enhanced credibility and influence with governments BritishAmerican Business speaks for more than 500 member companies and acts as a voice for the member companies of the British-American Business Council (BABC) network, also encompassing a substantial, high-level and broad-based cross-section of the transatlantic business community city by city across North America and the UK. Added to our strong links to the US Chamber of Commerce and the global AmCham family we have credibility and influence with governments and other policy stakeholders on both sides of the Atlantic on the issues that matter to our membership.
Richard Currie,
Director of Public Affairs, UPS UK, Ireland and Nordics
>> As Co-Chair of the BAB Policy Forum, I welcome the influence that BritishAmerican Business provides with its timely and sturdy policy work over topics such as trade, inter-company transfers, and infrastructure all of which are so important for a successful transatlantic business community. << 8
ANNUAL
REPORT
2015
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 Majesty’s Ambassador to the USA
CHAIRMAN, INTERNATIONAL ADVISORY BOARD Sir Martin Sorrell Group Chief Executive, WPP
CHAIRMAN, BOARD OF DIRECTORS Nicholas C. Walsh Senior Advisor, AIG Property Casualty
DEPUTY CHAIRMAN/PRESIDENT Christopher J. Perry President, Global Sales, Marketing and Client Solutions, Broadridge Financial Solutions
CEO Jeffries Briginshaw
MANAGING DIRECTOR, NEW YORK Wendy Mendenhall
Dan Glaser,
President & CEO, Marsh & McLennan Companies
>> BritishAmerican 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 business. <<
9
ANNUAL
REPORT
2015
MEMBERSHIP
>> MEMBERSHIP SAMPLE LISTING
>>>>>>>>>
Our membership has continued to grow throughout FY'15 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
Bloomberg
City of London
FTI Consulting
AT Kearney
BNY Mellon
FTSE
Aberdeen Asset Management
Boeing
Cleary Gottlieb Steen & Hamilton
ACE Group
Cognizant Coller Capital
General Atlantic Georg Jensen
Addleshaw Goddard
Boston Consulting Group; The
AIG
BP
Corsair Capital
AlixPartners
British Airways
Cubitt Consulting
Alston & Bird
British Land
Cushman & Wakefield
Gulfstream Aerospace Corporation
AMC Networks
Broadridge Financial Solutions
Deloitte
GVA
Delta Air Lines
Handelsbanken
Dentons
Havas Worldwide
American Airlines
Colliers International
Goldman Sachs Grange Hotels Grant Thornton
ANZ Bank
Brookfield Office Properties
Aon
Brunswick Group
Deutsche Bank
Hay Group
APCO Worldwide
BT
Digital Realty
Hays
Aquiline Capital Partners
Bulgari Hotel & Residences
DLA Piper
HCA International
Dorchester; The
Hearst Corporation
Duke University
Heathrow Airport
Economist Group; The
Heidrick & Struggles
Edelman
Herbert Smith Freehills
EMC Corporation
Houlihan Lokey
EY
HSBC
ExxonMobil
IBM
FedEx
InterContinental Hotels
Arnold & Porter Arup Aspen Insurance BAE Systems Baker & McKenzie Bank of America Barclays
10
Boots
Burberry Burson-Marsteller CB Richard Ellis Chadbourne & Parke Chelsea Football Club Chevron
BBC Worldwide
Chicago Booth School of Business
Beazley Group
Chubb Insurance
Financial Times
Interel
BG Group
Churchill; The
Finsbury
Interpublic
Blick Rothenberg
Citi
Ford
Invest Northern Ireland
BLJ Worldwide
City Football Group
Fragomen
IPSA International
ANNUAL
Iron Mountain
McKinney Rogers
Jacksonville Jaguars
McKinsey & Company
Jaguar Land Rover
Mintz Group; The
JetBlue Airways
Moelis & Company
Joele Frank
Morgan Lewis & Bockius
Jones Lang LaSalle JPMorgan Chase Just Marketing International King & Spalding Korn Ferry
Morgans Hotel Group Nasdaq National Grid National Theatre New York Times
KPMG
Newmark Grubb Knight Frank
Kreab Gavin Anderson
News Corporation
Langham Hotels & Resorts
NFL
Latham & Watkins Legg Mason LexisNexis Linklaters Links of London
Northrop Grumman Norton Rose Fulbright NYSE NYU Stern School of Business
REPORT
Promontory Financial Group
Tottenham Hotspur Football Club
Proxima
Tradeweb
PwC
Travelex
Rail Europe Raytheon Reed Elsevier Reed Smith Risk Advisory Group Rolls-Royce Royal Bank of Canada Russell Reynolds Associates Santander Schroders Shakespeareâ&#x20AC;&#x2122;s Globe Shearman & Sterling Shell Siemens Financial Services
Turner & Townsend US Embassy, London UBS UK Trade & Investment Unilever United Airlines UPS Virgin Atlantic Airways Vodafone Group Walter Thompson Weber Shandwick Weil Gotshall & Manges WeiserMazars Wells Fargo
Olayan Group; The
Speechly Bircham
Willis
Lockheed Martin
Orrick Herrington & Sutcliffe
Squire Patton Boggs
Winchester Capital
Loews Regency Hotel
PA Consulting Group
Standard Hotel; The
Withers
London & Partners
PACCAR
State Street
Witt/Kieffer
London Business School
Paul, Weiss, Rifkind, Wharton & Garrison
Lloyds Bank
London Philharmonic Orchestra
Pentland Brand
Sullivan & Cromwell Sun European Partners TASIS The American School in England
M&A Advisor; The
Pfizer
Magrath
Philip Morris International
Tata Consultancy Services
Marriott Hotels
Pillsbury Winthrop Shaw Pittman
Taylor Made Computer Solutions
Pitch Factory
The Pierre
PR Newswire Association
Thomson Reuters
Marsh & McLennan Companies McGraw-Hill
2015
WL Ross & Co WPP Xerox Young & Rubicam Zurich Insurance
11
ANNUAL
REPORT
2015
>> INTERNATIONAL ADVISORY BOARD CHAIRMAN Sir Martin Sorrell Group Chief Executive WPP MEMBERS Dame Helen Alexander Chairman UBM Richard Anderson CEO Delta Air Lines Johan C. Aurik Managing Partner and Chairman AT Kearney
Gary Burnison CEO Korn Ferry
Robert Dudley CEO BP
Evan Greenberg Chairman & CEO ACE Group
Don Callahan Head of Operations and Technology Citigroup
Duncan J. Edwards President & CEO Hearst Magazines International
Jeffrey W. Greenberg Chairman Aquiline Capital Partners
Erik Engstrom CEO RELX Group
Peter Hancock CEO and President AIG
Carolyn Fairbairn Director-General CBI
Robin Hayes Chief Executive Officer JetBlue Airways
John Fallon CEO Pearson
Peter Blair Henry Dean NYU Stern School of Business
Thomas Farley President NYSE Group
Gregory Hodkinson Chairman Arup
Douglas Flint Group Chairman HSBC
John Holland-Kaye CEO Heathrow Airport
Eric Cantor Vice Chairman and Managing Director Moelis & Company Dominic Casserley CEO Willis
Lionel Barber Editor Financial Times
Michael Cole-Fontayn Executive Vice President and Chairman, EMEA BNY Mellon
Dominic Barton Global Managing Director McKinsey & Company
Jeremy Coller Chairman Coller Capital
Matthew Barzun American Ambassador to the Court of St. James’s Honorary Co-Patron of BritishAmerican Business
David Cox Senior Vice President & Chief Financial Officer/COO, Global Media Businesses The Economist Group
Inga K Beale Chief Executive Officer Lloyd’s
Bal G. Das Chairman BGD Holdings
Orit Gadiesh Chairman Bain & Co.
Zanny Minton Beddoes Editor-in-Chief The Economist
Lord Davies of Abersoch Chairman Corsair Capital
Martin Gilbert Chief Executive Aberdeen Asset Management
Sir Win Bischoff Chairman JP Morgan Securities
Ian Davis Chairman Rolls-Royce
Robert J. Blanding Chairman & CEO Loomis Sayles
12
>>>>>>>>>
Pat Dewar Chairman Lockheed Martin Global
Dennis Friedrich CEO Brookfield Office Properties
Dan Glaser President & CEO Marsh & McLennan
Steven Holliday Chief Executive National Grid Antonio Horta-Osorio Group Chief Executive Lloyd's Bank Ignacio Jayanti President Corsair Capital Richard Jones Chairman Proxima Group
Richard J. Gnodde Co-Chief Executive Officer Goldman Sachs
Surya Kant President, North America & Europe Tata Consultancy Services
Sir Richard Branson Founder & Chairman Virgin
Sarah Diamond General Manager, Global Consulting Services IBM
Michael Golden Vice Chairman New York Times
Ian King Chief Executive Officer BAE Systems
Sir Martin Broughton Deputy Chairman IAG
Michael Dobson Group CEO Schroders
Lucian Grainge CBE Chairman & CEO Universal Music
The Hon Philip Lader Senior Advisor Morgan Stanley
J. Frank Brown COO General Atlantic
Frank D’Souza CEO Cognizant
Peter Grauer Chairman Bloomberg
Rich Lesser President & CEO The Boston Consulting Group
ANNUAL
William Lewis Chief Executive Officer Dow Jones
Dennis M. Nally Chairman PwC
Ann Sarnoff President BBC Worldwide North America
Sir Andrew Likierman Dean London Business School
Chris O’Kane CEO Aspen Insurance
Stephen Schwarzman Chairman, CEO & Co-Founder The Blackstone Group
Eugene Ludwig Founder & CEO Promontory Financial Group
Lee Olesky CEO Tradeweb
John Sexton President New York University
Alastair Lukies CBE Founder and Strategic Advisor Innovate Finance Chairman Monitise
Lord Paul of Marylebone Chairman & Founder Caparo Group
Sir Nigel Sheinwald GCMG Non-Executive Director Shell
Douglas L. Peterson President & CEO McGraw Hill Financial
James Smith President & CEO Thomson Reuters
Mark Pigott KBE Executive Chairman PACCAR
Richard Solomons CEO InterContinental Hotels Group
Bob Pittman Chairman & CEO Clear Channel
Dr Ralf Speth CEO Jaguar Land Rover
Professor John A. Quelch CBE Charles Edward Wilson Professor of Business Administration Harvard Business School
Sir Howard Stringer Chairman Saïd Business School
REPORT
2015
Rex Tillerson Chairman & CEO Exxon Mobil Corporation Martin van Roekel CEO BDO International
Mr. Mark Makepeace Chief Executive FTSE Group Sir David Manning GCMG, CVO Non-Executive Director BG Group David Mayhew Vice Chairman JPMorgan Steve McGill Group President Aon Harold McGraw III Chairman McGraw Hill Financial Damian McKinney CEO & Founder McKinney Rogers Sir Christopher Meyer KCMG Non-Executive Director The Arbuthnot Banking Group John Micklethwait Editor-in-Chief Bloomberg News Ilian Mihov Dean INSEAD Lakshmi Mittal Chairman & CEO Arcelor Mittal James Murdoch Co-COO 21st Century Fox Clarke Murphy CEO Russell Reynolds Associates
Sir Michael Rake Chairman BT
John Veihmeyer Global Chairman KPMG Paul Walsh Chairman Compass Group Charles W.B. Wardell, III President & CEO Witt/Kieffer Seth Waugh Chairman, Americas Advisory Board Deutsche Bank Mark A. Weinberger Global Chairman & CEO EY
Bob Sulentic CEO CB Richard Ellis
Jeffrey Weiner CEO
Joseph A. Sullivan President & CEO Legg Mason
LinkedIn Corporation
Christopher Rodrigues CBE Chairman VisitBritain
Peter D. Sutherland KCMG Chairman Goldman Sachs International
Her Majesty’s Ambassador to the USA
Sir John Rose Chairman Hakluyt & Company
Ratan N. Tata Chairman Tata Trusts
Jeffrey A. Rosen Deputy Chairman Lazard
Truett Tate CEO and Head of Institutional Relationship Banking, America ANZ
Ian Read Chairman & CEO Pfizer
Wilbur L. Ross, Jr Chairman & CEO WL Ross & Co. Andy Rubin Chairman Pentland Brands Neeraj Sahai President Standard & Poor’s Ratings Services
Dylan Taylor CEO Colliers International John A. Thain Chairman & CEO CIT Group
Sir Peter Westmacott, KCMG, LVO
Honorary Co-Patron of BritishAmerican Business Keith Williams Executive Chairman British Airways Alexander Wilmot-Sitwell President of EMEA and Emerging Markets ex-Asia Bank of America Richard Yorke Executive Vice President & Head of International Group Wells Fargo
Mark Thompson President & CEO The New York Times Company
13
ANNUAL
REPORT
2015
>> BOARD OF DIRECTORS
>>>>>>>>>
CHAIRMAN Nicholas C. Walsh Senior Advisor AIG
Jeffries Briginshaw
Martin Davidian
Mark Grant
CEO
Managing Director, Sales UK & Ireland
CEO Commercial Banking, North America & Regional Manager
FedEX
Lloyds Bank
DEPUTY CHAIRMAN Christopher J. Perry President, Global Sales, Marketing and Client Solutions Broadridge Financial Solutions
Simon Brocklebank-Fowler
Nick Dunlop
Ian Henley
Managing Partner
Managing Director â&#x20AC;&#x201C; Willis Global Industries
Head of Corporate Banking, Europe
Willis
HSBC
DIRECTORS
Chairman & CEO
Steve Dwyre
Ceasar N. Anquillare
BLJ Worldwide
Managing Director, Global Industry Head, Industrials & TMT
Patrick Burke
Lloyd's Bank
Chairman & CEO Winchester Capital Stephen R. Ball Chief Executive Lockheed Martin UK James Bardrick Country Officer, UK Vice Chairman Corporate & Investment Banking Citi David Batchelor President, International Division Marsh Eric Benedict
BritishAmerican Business & British-American Business Council
Cubitt Consulting Limited Peter Brown
President and CEO
Chairman Arup
Patrick Falconer
Richard Holmes
Managing Director-UK
CEO Europe
Barbara Byrne
The New York Times
Standard Chartered Bank
Vice Chairman, Investment Banking
Tracy Faulkner
Vivian Hunt
Vice President, Communications
Managing Partner, UK & Ireland
Shell Oil Company
McKinsey & Company
HSBC USA
Barclays Robert Byrne Senior Partner
Christopher Fraser OBE
AT Kearney
Strategic Counsel and Managing Director
Sam Cargill
BNY Mellon
CEO, Private Risk Management Aon Risk Solutions
Managing Director and UK Market Leader
Siobhan Carroll
AlixPartners
HCA International
Mike Bolin
Jim Carter
Managing Director, Global Head Finance Business Solutions
Managing Director-Eastern Sales Division
UBS
American Airlines
Cheryl Boucher
Roland Chalons-Browne
International Credit and Global Loan Products Executive
President & CEO
Special Adviser
Siemens Financial Services
Bank of America
14
Gregory Hodkinson
Kevin I. Fromer Executive Vice President & Head of Public Policy, North America
James S. Hutchinson Chief Administrative Partner & Partner-in-Charge, New York Alston & Bird Charles Imhof Staff Vice President
HSBC
Delta Air Lines
Marykay Fuller
Michael Inserra
Partner
Vice Chair and Regional Managing Partner
KPMG
EY Robert P. Garrett New York Office Managing Partner
Jessica Irschick
KPMG
Global Head of Equities Sales Strategy
Mark S. Garvin
Bank of America
Vice Chairman, Corporate & Investment Bank, Chairman, Europe
Frank Jahangir
Lee Bowman
Major General Walter Courage CB, MBE
Chief Executive
Director
Kingstree Group
The Risk Advisory Group
Stefan M. Gavell
Greg Briggs
Kenneth Daly, CFA
Jonathan Jordan
Partner
President, NY
Executive Vice President, Global Head of Regulatory, Industry and Government Affairs
PwC
National Grid
State Street Corporation
Sermelo
JPMorgan
Vice President Sales, Europe Middle East and Africa Delta Air Lines
Senior Partner
ANNUAL
REPORT
2015
John W. Keogh
David Rivkin
Richard Sykes FRICS
Dan Glaser
Vice Chairman and COO
Partner
International Consultant
President & CEO
ACE Limited
Debevoise & Plimpton
Savills
Marsh & McLennan Companies
ACE Overseas General
Michael Roberts
Sean Trotman
Sally King
Principal
Chief Operating Officer
Managing Director & Global Head, Corporate Banking & Lending
Akin Gump
Citi
Charles Macfarlane
Julio Rojas
Chairman
Director PharmaVentures Chris Magrath Senior Partner Magrath
CEO, Americas Standard Chartered Bank Daniel Rosenberg Partner Charles Russell Speechlys
Stephen J.O. Maltby
Deloitte Tax
Roddy Gow, OBE Chairman & Founder Canongate Partners
Matt Tuck Head of Global Corporate Banking
Michael J. Kirkwood CMG
Barclays
Chairman Circle Holdings
Daniel Wachtler President and CEO IPSA International Bridget Walsh
Kevin Sneader Chairman, Asia McKinsey & Company
Partner
Chris Rossi
Partner, UK&I Head of Private Equity
David Stileman
Gibney, Anthony & Flaherty
Senior Vice President, North America
EY
Senior Advisor
Bob McKillip
Virgin Atlantic Airways
Head of Corporate & Institutional Banking, Americas RBS Wendy Mendenhall
Daniel T. Ryan Partner in Charge – New York Office Regional Managing Partner for the FS Practice in the Americas
Corsair Capital Hank Watkins President, North America Lloyd’s Derek Watson
Ian R. Stopps CBE Chairman Raytheon
Chief Financial Officer
Founder & Chairman
Heidrick & Struggles
Samba Brands Management
The Mclean Partnership
Partner – US Team Leader
Robert Schimek
Mark Weil
Gary von Lehmden
Addleshaw Goddard
Senior Vice President and CEO of the Americas
CEO, Marsh UK & Ireland
Managing Director and Chairman of EMEA Corporate Banking
Sharon Pierce
AIG
Managing Director/New York BritishAmerican Business Charles Penney
Managing Director-Northeast Division United Airlines Jennifer Prosek
Marsh Rodney Warren Zemmel
Michael A Schmittlein EVP – Head of Global Banking, EMEA
Citi
Managing Partner, Northeast offices
Martin J.Sullivan OBE
McKinsey & Company
Director Cooper Gay Swett & Crawford
Wells Fargo
Managing Partner Prosek Partners
Maria Cristina Sebastian
Mahadev Raman
Senior Vice President, Global Sales & Customer Engagement
Chairman, Americas Arup
Virgin Atlantic Airways
EX-OFFICIO Danny Lopez British Consul-General, New York & Director General, UK Trade & Investment, USA
Clare Reichenbach
Yvonne Smyth
EVP Corporate Strategy & Development
Director
ADVISORY DIRECTORS
Hays
Graham A.D. Broyd
Larry Stone
Managing Director, Head of Regulatory Impact Markets
AMC Networks Lynne Rennie
President, Group Public & Government Affairs
RBS
Partner Deloitte
BT
Irene Dorner
Aidan St. P. Walsh OBE Partner in Charge International KPMG
15
ANNUAL
REPORT
2015
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 '15: Aberdeen Asset Management
Coach
Jones Lang La Salle
Pfizer
ACCA
Cognizant
JPMorgan
Promontory Financial Group
ACE Insurance
Colliers International
Karen Millen
Proxima
Addleshaw Goddard
Corporate Service by Harrods
King & Spalding International
Reed Smith
AIG
Cubitt Consulting
Kingstree Group; The
Reiss
Alston and Bird
DDC Group
Korn Ferry
American Airlines
Debevoise and Plimpton
KPMG
American Friends of Cecily’s Fund
Deloitte
La Compagnie
Delta Air Lines
LexisNexis
Andaz London Liverpool Street
DLA Piper
Linklaters
EMC Corporation
Links of London
EY
Littler Mendelson
Fairfax County
Lloyd's
Fitzgerald & Law
Lockheed Martin
Andersen Tax Athenaeum; The Aon Risk Solutions Arup Aspen Insurance Baker & McKenzie Bank of America Barclays
Loews Regency Hotel
Fried Frank Technology
London & Partners
Future Foundation nVision
London Philharmonic Orchestra
Gibney Anthony & Flaherty
Shakespeare’s Globe Theatre Shearman & Sterling Siemens Squire Patton Boggs Standard & Poor’s Sullivan and Cromwell Award; The TASIS Tata Consultancy Services Taylor Made Computer Solutions
Grange Hotel St Paul’s
Magrath
Thomas Pink
Hakluyt and Company
Marsh & McLennan Companies
Thomson Reuters
Haworth
McGraw-Hill
Truphone
Hays
McKinsey & Company
United Airlines
Hearst Corporation
Mills & Reeve
United Way
Heathrow Airport
Mintz Group; The
UPS
Heidrick and Struggles
Moelis & Company
Virgin Atlantic Airways
Herbert Smith Freehills
Monitise
Weber Shandwick
British International School of New York
HSBC
Morgan Lewis
IBM
Mountbatten Institute; The
Broadridge Financial Solutions
InterContinental Hotels Group
National Grid
BT
Interel Consulting
New York City Football Club
Burberry
International New York Times
Bvlgari Hotel & Residences
Invest Northern Ireland
New York International School; The
Capalino + Company
IPSA International
Norton Rose Fulbright
YSC
CBRE
Jaguar Land Rover
NYSE
Zurich Insurance
Chadbourne & Parke
JetBlue Airways
Orrick Herrington & Sutcliffe
Citigroup
JMI
Paul Stuart
BBC Worldwide Berkeley Research Group Bloomberg Boston Consulting Group; The BP British Airways British American Household Staffing
16
Fleishman Hillard
Royal Bank of Scotland; The
Weil Gotshal & Manges Wells Fargo Welsh Government WPP Young and Rubicam
Erik Bonino Chairman, Shell UK >> BritishAmerican Business is an outstanding business organization which does a great job of helping its members to make productive business connections and gain useful insights. <<
Dominic Barton Global Managing Director, McKinsey & Company >> Itâ&#x20AC;&#x2122;s 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. <<
Surya Kant President, North America & Europe, Tata Consultancy Services >> The 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. <<
Ian Stopps
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. <<
Chairman, Raytheon UK, and Founder & Chairman The McLean Partnership >> Through its active engagement with government, BritishAmerican Business significantly supports key policies of direct benefit to business on both sides of the Atlantic. <<
Steve McGill
Group President, Aon Risk Solutions >> BritishAmerican Business has, ever since its establishment in 2001, an exceptional track record of customerfocused innovation in the development and delivery of its services to its members. <<
H.E. Matthew Barzun American Ambassador to the Court of St. Jamesâ&#x20AC;&#x2122;s >> BritishAmerican Business prospers under enterprising and energetic leadership. From networking opportunities to its influence over policy on everything from immigration to regulation, hundreds of companies on both sides of the Atlantic benefit from BritishAmerican Businessâ&#x20AC;&#x2122;s work. <<
>> ANNUAL REPORT SPONSORS 2015
LONDON 12 Phillimore Walk West Wing, 2nd Floor London W8 7RX Tel: +44 (0)20 7 290 9888 Fax: +44 (0)20 7 491 9172 E-mail: ukinfo@babinc.org Twitter: @BABLondon
NEW YORK 52 Vanderbilt Avenue 20th Floor New York, NY 10017 Tel: +1 (212) 661 4060 Fax: +1 (212) 661 4074 E-mail: nyinfo@babinc.org Twitter: @BABNewYork
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Website: www.babinc.org