2015 Annual Report

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

>>>>>>>>>

Website: www.babinc.org