Oct 6, 2017

Mansion House banquet serves up lesson on evil

City Insider spotted Andrew Tyrie, the former Treasury committee chairman who is tipped as a potential next chairman of the FCA, deep in conversation with, guess who? John Griffith-Jones, the outgoing chairman of the FCA. Also interesting was the decision to seat Woods next to Barclays chief Jes Staley, whose ability to stay in his job rests with the decision of regulators over his rum handling of a whistleblowing incident early this year. To Spencer House in St James's Place for a restrained farewell to outgoing HSBC chairman Douglas Flint. His quip at Woods: over Flint's decades at HSBC, the bank had been through the Asian crisis, Russia crisis, the Sars epidemic, avian flu, volcanic dust. Three months ago, Euan Stirling, in charge of the governance and stewardship team at Standard Life Investments, was sounding pretty negative about the idea of oil company Saudi Aramco listing in London. "No one would say that Saudi Aramco is not well-run . . . If a company is well-run we need to encourage that company to come to London." Is this the post-Brexit/Blitz spirit kicking in? Or is it Standard Life coming into line with the views of famously opinionated Aberdeen boss Martin Gilbert? Either way, Stirling - now head of stewardship at the merged group - has evidently been put back in his box.

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