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In 2006 he authored the Qatar 2020 report which studied the future of [[Qatar]] and made a series of policy recommendations.<ref> {{cite report | title=Qatar 2020 Report: A Creative Qatar for All| publisher= Gerard Lyons | date=2006}}</ref>
In 2006 he authored the Qatar 2020 report which studied the future of [[Qatar]] and made a series of policy recommendations.<ref> {{cite report | title=Qatar 2020 Report: A Creative Qatar for All| publisher= Gerard Lyons | date=2006}}</ref>


Lyons was a Member of the [[World Economic Forum]]'s Global Agenda Council on Banking and Capital Markets from 2009 to 2014, a Member of the WEF Global Agenda Council on Global Investment Flows from 2009 to 2010, a Member of the WEF Global Agenda Council on Financing and Capital from 2013 to 2014, and was also a member of the WEF Expert Committee on the Annual Financial Development Report from 2010 to 2013. In January 2010, Lyons represented the financial sector on one of the major sessions at the annual meeting of the [[World Economic Forum]] in Davos "The World Debate 2010: Avoiding The Double Dip". This debate, televised by the [[BBC]], included US Representative [[Barney Frank]], General Secretary ITUC [[Sharan Burrow]], The Dean of [[Hitotsubashi University]], [[Hirotaka Takeuchi]], the Director General WTO Pascal Lamy and Lyons.<ref name="Davos Annual Meeting 2010 - Dodging the Double Dip?">{{cite web |title=Davos Annual Meeting 2010 – Dodging the Double Dip? |url=https://www.youtube.com/watch?v=N5yl_-S-6FE |website=Youtube |publisher=World Economic Forum |accessdate=2 April 2019}}</ref>
Lyons was a Member of the [[World Economic Forum]]'s Global Agenda Council on Banking and Capital Markets from 2009 to 2014, a Member of the WEF Global Agenda Council on Global Investment Flows from 2009 to 2010, a Member of the WEF Global Agenda Council on Financing and Capital from 2013 to 2014, and was also a member of the WEF Expert Committee on the Annual Financial Development Report from 2010 to 2013. In January 2010, Lyons represented the financial sector on one of the major sessions at the annual meeting of the [[World Economic Forum]] in Davos - "The World Debate 2010: Avoiding The Double Dip". This debate, televised by the [[BBC]], included US Representative [[Barney Frank]], [[General Secretary of the Trades Union Congress|General Secretary ITUC]] [[Sharan Burrow]], The Dean of [[Hitotsubashi University]], [[Hirotaka Takeuchi]], the [[Director-General of the World Trade Organization|Director General WTO]] [[Pascal Lamy]] and Lyons.<ref name="Davos Annual Meeting 2010 - Dodging the Double Dip?">{{cite web |title=Davos Annual Meeting 2010 – Dodging the Double Dip? |url=https://www.youtube.com/watch?v=N5yl_-S-6FE |website=Youtube |publisher=World Economic Forum |accessdate=2 April 2019}}</ref>


Lyons gave testimony on the topic of sovereign wealth funds before the [[United States Senate Committee on Banking, Housing, and Urban Affairs]] in November 2007 and again to the [[United States House Committee on Foreign Affairs]] in May 2008.
Lyons gave testimony on the topic of sovereign wealth funds before the [[United States Senate Committee on Banking, Housing, and Urban Affairs]] in November 2007, and again to the [[United States House Committee on Foreign Affairs]] in May 2008.


Lyons has spoken at the spring and annual meetings of the IIF, IMF, and ADB and to various meetings of bankers and financiers.<ref> {{cite speech| title= Outlook for China | publisher= Gerard Lyons | date=2009 |location=IIF Spring Meeting}}</ref><ref>{{cite speech| title=Using modern Culture to highlight the shift in the balance of power | publisher= Gerard Lyons | date=2012 | location=IMF Conference, Tokyo}}</ref>He has spoken at the EU-China Summit in Beijing.<ref>{{cite speech|title=Financial and Business Services | date=2005 | location=EU-China Business Summit, The Great Hall of the People, Beijing}}</ref>
Lyons has spoken at the spring and annual meetings of the IIF, IMF, and ADB and at various meetings for bankers and financiers.<ref> {{cite speech| title= Outlook for China | publisher= Gerard Lyons | date=2009 |location=IIF Spring Meeting}}</ref><ref>{{cite speech| title=Using modern Culture to highlight the shift in the balance of power | publisher= Gerard Lyons | date=2012 | location=IMF Conference, Tokyo}}</ref>He has spoken at the EU-China Summit in [[Beijing]].<ref>{{cite speech|title=Financial and Business Services | date=2005 | location=EU-China Business Summit, The Great Hall of the People, Beijing}}</ref>


Lyons has testified and submitted evidence to various committees in both Houses of the UK Parliament. These include July 1999, Session 1989–99, [[House of Lords]] [[Select Committee]] on the Monetary Policy Committee of the Bank of England, pp 240–246, Volume II – Evidence and his comments figured prominently in Volume I – Report; 8 February 2005, “Impact of China on the World Economy”, Oral evidence with others to House of Commons [[Treasury Select Committee]], Ev 1–20 of Report published on 7 April 2005; 13 August 2006, Session 2005–06, House of Commons [[Foreign Affairs Select Committee]], East Asia, evidence with Lord [[Charles Powell]], pp Ev 67–79, Volume II.
Lyons has testified and submitted evidence to various committees in both Houses of the UK Parliament. These include July 1999, Session 1989–99, [[House of Lords]] [[Select Committee]] on the Monetary Policy Committee of the Bank of England, pp 240–246, Volume II – Evidence and his comments figured prominently in Volume I – Report; 8 February 2005, “Impact of China on the World Economy”, Oral evidence with others to House of Commons [[Treasury Select Committee]], Ev 1–20 of Report published on 7 April 2005; 13 August 2006, Session 2005–06, House of Commons [[Foreign Affairs Select Committee]], East Asia, evidence with Lord [[Charles Powell]], pp Ev 67–79, Volume II.

Revision as of 07:08, 16 May 2019

Gerard Patrick Lyons
Lyons at a Policy Exchange conference, September 2014
Born (1961-03-31) 31 March 1961 (age 63)
Kilburn, London
NationalityBritish
Academic career
FieldPolitical economy
International economics
Financial economics
School or
tradition		New Keynesian economics
Alma materUniversity of Liverpool (BSc)
University of Warwick (MA)
Queen Mary, University of London (PhD)
Websitewww.drgerardlyons.com

Gerard Lyons (born 31 March, 1961 in Kilburn, London) is a British economist, writer and a public speaker. He has been described by The Times as 'one of the most influential analysts of the global economy'.[citation needed]

He is chief economic advisor and a member of the executive team at Netwealth Investments Ltd, the challenger wealth manager[1]. He was appointed a director of The Bank of China (UK) on 26 October, 2016 [2].

Lyons has a number of other roles on various boards. He is an External Member of the Board of Warwick Business School (WBS)[3], on the Advisory Board of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Imperial College[4], the economic advisor to Parker Fitzgerald, a financial consultant specializing in regulatory issues[5], a member of the Advisory Board of Vivid Economics[6] and a member of the Advisers Network of the Official Monetary Financial Institutions Forum (OMFIF).[7]

Bildung

Lyons was raised in Kilburn, London. He attended St Mary's Primary School, Kilburn and Cardinal Vaughan Memorial School in Holland Park, London. He went on to study Mathematics and Economics at the University of Liverpool followed by a Masters in Economics at the University of Warwick. In 1985, he completed his PhD on Testing Efficiency of Financial Futures Markets at Queen Mary, University of London. He is also a Registered Representative of the Stock Exchange (1987).

Financial sector career

Lyons worked in the City of London from 1985 to 2012 as an economist with Chase Manhattan Bank, from 1985 to 1986 as a UK Economist at Stockbrokers Savory Milln, becoming Chief UK Economist at Swiss Bank Corporation from 1986 to 1989, and Chief Economist and Executive Director at DKB International from 1989 to 1999. He joined Standard Chartered Bank in August 1999, taking a specially-created post as Head of Research, Treasury with responsibility for 17 economists around the globe. In November 2012, it was announced that Lyons was stepping down from his position at Standard Chartered, where he was Group Head of Global Research, Chief Economist and Economic Advisor to the Board and ran a team of 184 people[8].

Economic Reports

Lyons has authored many reports and articles on the topic of economics and finance, and has been involved in various roles often linked to policy issues[9]. He has written many press columns, most recently in City A.M., The Telegraph and The Times [10][11].

In 2014, Lyons delivered the annual Peston Lecture in honor of Lord Maurice Peston - "Globalisation and the UK economy". The previous year it was delivered by Dr Romesh Wadhwani, and in the following years by Robert Peston and the Governor of the Bank of England.[12][13]

His report, titled Banking the Unbanked was presented at the 2005 The Commonwealth's Finance ministers annual conference.[14]

In 2006 he authored the Qatar 2020 report which studied the future of Qatar and made a series of policy recommendations.[15]

Lyons was a Member of the World Economic Forum's Global Agenda Council on Banking and Capital Markets from 2009 to 2014, a Member of the WEF Global Agenda Council on Global Investment Flows from 2009 to 2010, a Member of the WEF Global Agenda Council on Financing and Capital from 2013 to 2014, and was also a member of the WEF Expert Committee on the Annual Financial Development Report from 2010 to 2013. In January 2010, Lyons represented the financial sector on one of the major sessions at the annual meeting of the World Economic Forum in Davos - "The World Debate 2010: Avoiding The Double Dip". This debate, televised by the BBC, included US Representative Barney Frank, General Secretary ITUC Sharan Burrow, The Dean of Hitotsubashi University, Hirotaka Takeuchi, the Director General WTO Pascal Lamy and Lyons.[16]

Lyons gave testimony on the topic of sovereign wealth funds before the United States Senate Committee on Banking, Housing, and Urban Affairs in November 2007, and again to the United States House Committee on Foreign Affairs in May 2008.

Lyons has spoken at the spring and annual meetings of the IIF, IMF, and ADB and at various meetings for bankers and financiers.[17][18]He has spoken at the EU-China Summit in Beijing.[19]

Lyons has testified and submitted evidence to various committees in both Houses of the UK Parliament. These include July 1999, Session 1989–99, House of Lords Select Committee on the Monetary Policy Committee of the Bank of England, pp 240–246, Volume II – Evidence and his comments figured prominently in Volume I – Report; 8 February 2005, “Impact of China on the World Economy”, Oral evidence with others to House of Commons Treasury Select Committee, Ev 1–20 of Report published on 7 April 2005; 13 August 2006, Session 2005–06, House of Commons Foreign Affairs Select Committee, East Asia, evidence with Lord Charles Powell, pp Ev 67–79, Volume II.

His other roles have included: Member of the Board of TheCityUK, 2015–16; Inaugural chair of the independent economists group of CityUK, 2012; Member of the Taskforce on Gold and the International Monetary System, Chatham House, 2011–12; Informal Network of China Experts, European Commission, 2011–13; Advisory Council, Official Monetary and Financial Institutions Forum, since 2012; Advisory Board, Open Europe, 2012–16; International Advisory Board, ANA Airways, 2014–15; Adviser: Business Council for Britain, 2007–08; Honorary Vice-Chairman, 48 Group Club, since 2009; Chairman of the Steering Committee, Asia Study Group at the Royal Institute of International Affairs, 2002–05; Member of the Committee, Hong Kong Association since 2007.[20]

Economic Roles

Lyons was elected to serve a five year term as a member of the Council of The Royal Economic Society from 2010–2015. He was a Council Member for Twelve years of the Society of Business Economists and was appointed a Fellow of the Society of Business Economists and was appointed a Fellow of the Society of Business Economists in 2010. He was an Executive Director, Centre for Econ. Policy Research.

In the University sector, Lyons served two full-terms on the Council, University of Warwick, 2006–12; Member of the Advisory Board, Grantham Institute on Climate Chance at the Environment, London School of Economics and Imperial College. London, since its inception in 2008; and since on the Advisory Board, Warwick Business School.

Lyons often speaks at universities. He delivered a speech on 23 April 2018, “Clean Brexit”, to The Cambridge Society for the Application of Research, and also spoke to the same group on 4 February 2013 about “The shift in the balance of economic and financial power”.[21][22][23][24]

Lyons has spoken at conferences or written a number of reports for various think tanks in the UK, including Civitas (think tank), Reform (think tank), Politeia (think tank), Institute of Economic Affairs, Policy Exchange and the Centre for Social Justice.[25]From October 2016 to April 2017 he was senior economic adviser at Policy Exchange. At the Centre for Social Justice he was a member of the working group for the report on productivity (2017) and senior economic adviser for their report on the Future of Work (2018). In February 2018, he authored “London’s Global Reach and The Half a Trillion Dollars Equity Prize”, a report published by the IEA think tank.[26]

Public Sector Career

Lyons was the U.K. Co-Chair in 2006 of the annual meeting of the UK-Hong Kong Business Partnership that took place at the Foreign Office. He provided economic input to Prime Minister Gordon Brown’s first Business Council for Britain, 2007–08. In 1999 he was a member of the ‘Commission on the £ Sterling’, established by the Leader of the Opposition William Hague, and Co-author with Ruth Lea of the Commission’s Report, ‘Britain and the Pound’ that argued that the UK should not join the euro.

On 11 December 2012, the Mayor of London Boris Johnson announced that Lyons was to join his team as his Chief Economic Adviser.[3] During his first term, Lyons had been a member of Mayor Johnson’s informal panel of economic and business advisers, having previously, during the term of the previous Mayor, Ken Livingstone, spoken at a number of events at City Hall on London’s global position.[27]He began the role a month later in January 2013 and left in April 2016, at the conclusion of the Mayor’s term. While at City Hall Lyons advised Major Johnson on economic and City issues. He championed the London living wage, co-chaired with Munira Mizra the London Strategic Migration Partnership Panel, represented the Mayor on the Board of CityUK and sat as a member of the GLA's Investment Performance Board. He was an ex-officio member of the London Finance Commission, 2012–13.[28]and gave testimony to the Commission’s second report, in 2016.[29]From 2015–17 he was an independent commissioner on the London Stansted Cambridge Corridor Growth Commission.[30]

On behalf of the Mayor, Lyons authored two major reports. The first, in August 2014, was 'The Europe Report: A win-win situation’. According to a written submission (EUK0014) to the House of Commons Treasury Committee Report, ‘The economic and financial costs and benefits of the UK’s EU membership’ (First Report of Session 2016–17), “This title reflected the main findings, namely that the best scenario for the UK was to be in a reformed EU, but that if the EU did not reform and if the UK was to leave and have a good future relationship with the EU and with the rest of the world, then this would be better, in economic terms for the UK, than remaining within an EU that does not reform. That is, leaving and pursing sensible economic policies would deliver more than the status quo.” The 108 page main report was written by Lyons and his assistant, Nicholas Garrott, and was supplemented by a detailed appendix.[31]

In March 2016, a report ‘London: The Global Powerhouse’ was released and studied London's standing in the world from an economic perspective. There were a number of important economic findings in the report, suggesting that London's job market was hugely important to the success of the city and the wider UK over the coming decades.[32][33]

Books

His first book, ‘The Consolations of Economics’, Faber and Faber, 2014, was serialized in The Sunday Telegraph and Daily Telegraph[34][35], and was a Telegraph Business Book of the year. It was translated into a number of languages, including Korean, Portuguese, German. The book was recommended by, William R. Rhodes, Tim Adams, Lord Adair Turner, Jim O'Neill, and Lord Nick Stern.

Lyons second book was an Amazon ebook, 2016, “The EU Referendum: how to make a success of leaving the European Union.”[36]

In 2017 he co-authored with the journalist Liam Halligan, ‘Clean Brexit: how to make a success of leaving the European Union’, Biteback.[37]Iain Dale listed it as one of the “Top 25 Books I publish at Politico’s & Biteback’ over 20 years, stating, “It’s the best researched and best written book on Brexit on the market. Even Remain supporters have acknowledged what an important book it is.”[38]The authors had released a pamphlet, ‘Clean Brexit’ for Policy Exchange, in January 2017, with a foreword by Lord Nigel Lawson and a postscript by Lord David Owen. [39]Two extracts from Clean Brexit, the book, appeared in the Daily Telegraph.[40]

UK Referendum

During the 2016 UK Referendum campaign, Lyons co-founded Economists for Brexit, containing eight economists, to argue the economic case for leaving. [41]According to an article Lyons wrote in The Sunday Times immediately after the result, “The polls at that time showed “remain” leading by 22 points on the issues of both “the economy” and “jobs”. By the end of the campaign, and once we had spent eight weeks touring the country and making countless appearances in newspapers and on television, the figures had narrowed to leads of just 6 and 1 point respectively.”[42]

Lyons criticised the use of the £350 million figure being cited, “I don't think Leave should use £350m per week; amount post rebate is £248m or net figure itself is £163m per week. Both big. Re the £350m I agree it is not the best figure to use, especially if used by itself – the other figures still are pretty big.”[43]The Economists for Brexit group was rebranded after the Referendum as The Economists for Free Trade. Lyons declined to join the newly rebranded group.[44]Lyons was a leading advocate of the case for a transition period, after the end of the Article 50.[45]

He insists that a "Hard Brexit" should really be considered a "Clean Brexit". He co-wrote the book "Clean Brexit" with economist Liam Halligan. On BBC Radio 4 "The World This Weekend", broadcast on 1 July 2018, Lyons claimed the UK's membership of the EU was "from an economic and financial perspective not a fortress, but more like a prison. And this is our opportunity to escape".

Economic Forecasting

Throughout his career, Lyons has received a number of awards and recognition for his work in economic forecasting. His team at Standard Chartered twice topped The Sunday Times annual economic forecasting table, and also in 2010–11 was recognised by Bloomberg as number one global economic forecaster.[46] In the late 1980s while writing for The Times he correctly predicted[citation needed] the Lawson Boom would result in a bust. He wrote a regular column in the Nikkei Weekly, having corrected predicted and analysed[citation needed] the bursting of the Japanese bubble. In 1999, he stated that he was opposed to the UK adopting the Euro, predicting[citation needed] that the combined currency would run into trouble. This came to fruition around a decade later, during the European sovereign-debt crisis. The month before the financial crisis he was one of only two UK forecasters then predicting an imminent deep recession.[citation needed] In light of this, he has been listed by both Who's Who and Debretts, while also receiving recognition from The Evening Standard as an Influential Londoner.

References

  1. ^ "About Netwealth". Netwealth.
  2. ^ "Director of The Bank of China". Companies House.
  3. ^ "The Board of WBS". Warwick Business School. WBS. Retrieved 2 April 2019.
  4. ^ "Advisory Board". LSE. London School of Economics. Retrieved 2 April 2019.
  5. ^ "Our People – Senior Leadership". Parker Fitzgerald. Retrieved 2 April 2019.
  6. ^ "Advisory Group". Vivid Economics. Retrieved 2 April 2019.
  7. ^ "Advisers Network". OMFIF. Retrieved 2 April 2019.
  8. ^ Griffiths, Katharine. "Lyons to leave StanChart after 13 years". The Times. Retrieved 2 April 2019.
  9. ^ Lyons, Gerard (11 December 2007). State Capitalism: The Rise of Sovereign Wealth Funds (14 ed.). Law and Business Review of the Americas. pp. 119–146. Retrieved 2 April 2019.
  10. ^ Lyons, Gerard. "Sense and flexibility could keep Unilever in the FTSE 100". The Financial Times. Retrieved 2 April 2019.
  11. ^ Lyons, Gerard. "The real reasons behind Nissan's U-turn on Sunderland". The Telegraph. Retrieved 2 April 2019.
  12. ^ "Globalisation and the UK Economy". Queen Mary University of London. Retrieved 2 April 2019.
  13. ^ Carney, Mark. "Mark Carney – 2016 Speech at Peston Lecture". UKPOL. Retrieved 2 April 2019.
  14. ^ Banking the Unbanked (Report). The Commonwealth Business Council. 2005.
  15. ^ Qatar 2020 Report: A Creative Qatar for All (Report). Gerard Lyons. 2006.
  16. ^ "Davos Annual Meeting 2010 – Dodging the Double Dip?". Youtube. World Economic Forum. Retrieved 2 April 2019.
  17. ^ Outlook for China (Speech). IIF Spring Meeting: Gerard Lyons. 2009.
  18. ^ Using modern Culture to highlight the shift in the balance of power (Speech). IMF Conference, Tokyo: Gerard Lyons. 2012.
  19. ^ Financial and Business Services (Speech). EU-China Business Summit, The Great Hall of the People, Beijing. 2005.
  20. ^ "Who's Who – Lyons, Dr Gerard Patrick". Who's Who. Retrieved 2 April 2019.
  21. ^ "Clean Brexit – how to make a success of leaving the EU". Cambridge Society for the Application of Research. Retrieved 2 April 2019.
  22. ^ "The Shift in the Balance of Economic and Financial Power: What does it really mean?" (PDF). Cambridge Society for the Application of Research. Retrieved 2 April 2019.
  23. ^ Jaiswal, Aakanksha. "Gerard Lyons on what drives the world economy". The Boar. Retrieved 2 April 2019.
  24. ^ "Britain, China and Life after Brexit". University of Strathclyde Business School: Gerard Lyons. 2016. {{cite journal}}: Cite journal requires |journal= (help)
  25. ^ 21st Century Connectivity: Mobilising Investments in the UK (Speech). 2015.
  26. ^ Lyons, Gerard. "London's Global Reach and the a Half Trillion Dollars Equity Prize" (PDF). Retrieved 2 April 2019.
  27. ^ Goodway, Nick. "Lyons moves from City to City Hall to advise Boris". The Independent. Retrieved 2 April 2019.
  28. ^ Raising the capital (PDF) (Report). London Finance Commission.
  29. ^ Devolution: a capital idea (PDF) (Report). London Finance Commission. Retrieved 2 April 2019.
  30. ^ Athey, Glenn. "Final Report: Growth Commission sets out blueprint for Europe's Leading High-tech region". London Stansted Cambridge Corridor. Retrieved 2 April 2019.
  31. ^ Lyons, Gerard. "Written evidence submitted by Dr Gerard Lyons". Retrieved 2 April 2019.
  32. ^ "London: The Global Powerhouse" (PDF). Greater London Authority. Retrieved 2 April 2019. {{cite journal}}: Cite journal requires |journal= (help)
  33. ^ Lyons, Gerard. "Gerard Lyons: London can remain an economic powerhouse in or out of the EU". The Evening Standard. Retrieved 2 April 2019.
  34. ^ Lyons, Gerard. "Gerard Lyons: the whole world is about to grow". The Telegraph. Retrieved 2 April 2019.
  35. ^ Lyons, Gerard. "Gerard Lyons: 10 rules for the new global economy". The Telegraph. Retrieved 2 April 2019.
  36. ^ Addington, Raleigh. "GERARD LYONS PUBLISHES NEW BOOK, THE UK REFERENDUM: AN EASY GUIDE TO LEAVING THE EU". Chartwell Speakers. Retrieved 2 April 2019.
  37. ^ "The best of a clutch of recent books on Brexit—from both sides". The Economist. Retrieved 2 April 2019.
  38. ^ "Advisory group". Vivid Economics. Retrieved 2 April 2019.
  39. ^ Lyons, Gerard; Halligan, Liam. Clean Brexit (PDF) (Report). Policy Exchange. Retrieved 2 April 2019.
  40. ^ Halligan, Liam; Lyons, Gerard. "The biggest problem with Soft Brexit is that it's not attainable". The Telegraph. Retrieved 2 April 2019.
  41. ^ Bourne, Ryan. "Let's hear the positive economic case for Brexit". Institute of Economic Affairs. Retrieved 2 April 2019.
  42. ^ Lyons, Gerard. "A bump, yes — but then watch us surge ahead with new friends". The Times. Retrieved 2 April 2019.
  43. ^ May, Josh. "Brexit economists reject £350m Vote Leave claim". Politics Home. Retrieved 2 April 2019.
  44. ^ Emmott, Bill. "Economists for Brexit rebrand highlights the real issues". In Facts. Retrieved 2 April 2019.
  45. ^ Lyons, Gerard. "A short transition can help Britain make the best of Brexit". The Financial Times. Retrieved 2 April 2019.
  46. ^ "City Spy: Forget Reservoir Dogs - Standard Chartered economists are". Evening Standard. 12 December 2011. Retrieved 15 May 2019.
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