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Evening Standard
Evening Standard
Business
Jonathan Prynn

New Lord Mayor of the City of London pledges to promote growth and risk taking

Alderman Alastair King has been elected as the 696th Lord Mayor of the City of London to serve as the global “ambassador” for the Square Mile over a one year term.

He succeeds current Lord Mayor Professor Michael Mainelli from Friday 8 November followed by the annual Lord Mayor’s Show on Saturday 9 November, which will be his first public engagement. The Lord Mayor’s Banquet, traditionally addressed by the Prime Minister on foreign policy, takes place on Monday 2 December at Guildhall.

He is the founder and chairman of fund management firm Naisbitt King Asset Management and started his career as a lawyer.

During his Mayoral year, King will champion his ‘Growth Unleashed’ theme, by promoting a “revitalised, resilient, and risk-ready City.” His theme will focus on challenging industry to maximise opportunities through responsible risk taking, driving the adoption of technologies, and celebrating the successes of diverse communities across the UK.

Lord Mayor Elect, Alderman Alastair King said: “It is a tremendous honour to be elected as the 696th Lord Mayor of the City of London.

“London remains the world’s leading financial centre, but global competition is fierce. We have the expertise and talent to thrive, yet we must do more to unlock growth, equip people to innovate, and harness the remarkable dynamic diversity that makes the City exceptional. Growth Unleashed is a commitment to be bolder, think smarter and take our foot off the brake.

“The City must reignite its appetite for risk, seize our national edge in innovation, and support the productive parts of the economy. Only then can we secure our position as the world’s top financial hub.”

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