The Worshipful Company of International Bankers
The WCIB is the 106th City of London Livery Company and comprises over 650 financial services professionals of some 42 nationalities from more than 250 firms.
The Company welcomes membership applications from professionals who work in the financial services industry. This is not confined to banking alone.
visit our website www.internationalbankers.org.uk
The WCIB provides a forum for like-minded professionals and a conduit for participation in the City of London’s ancient traditions. This transcends networking, fostering the comradeship that drives the Company’s important charitable and educational work.
In 2016 the Company celebrated the achievement of having donated over £1 million to charitable causes. In 2016/17 these included:
· The Brokerage Citylink - the WCIB funds the Brokerage’s flagship Working in the City programme which develops London state school students’ self-awareness, strengthens their employability skills and prepares them for future recruitment processes.
· Mansion House Scholarship Scheme – the Lord Mayor awards scholarships during official visits overseas to local students to enable them to attend up to one year’s study in the UK at Master’s degree level, thus fostering long-term links between the City of London and the rest of the world. The WCIB provides funding for the scheme and only WCIB members mentor the scholars.
· ARK and MyBnk – the Company has funded bespoke financial literacy programmes in London state secondary schools.
· Smaller donations – the WCIB supports a wide range of other causes such as the Lord Mayor’s Appeal, ABF The Soldiers’ Charity, the Sheriffs’ and Recorder’s Fund and Guildhall School of Music and Drama’s outreach programme
The WCIB aims to raise standards of financial literacy and change lives for the better through educational initiatives such as:
· WCIB Lombard Prize – the Company sponsors academic prizes at Master’s degree level at 17 business schools in the UK with the overall winner being awarded the Lombard Prize, a cash award and silver salver, at its Annual Banquet.
· Annual Schools’ Essay Competition – run in conjunction with The Brokerage Citylink, in 2016 students from 16 state schools in London submitted an essay on “The only way the UK economy will keep growing in future is by embracing immigration”. Prizes were awarded to the best essays at each school and the overall winner was Lyna Nguyen of Addey and Stanhope Secondary School in New Cross, Lewisham.
· Lord George Scholarship – in memory of the late Lord George of St Tudy, a Past Master of the Company, this enables a student from a less privileged background to attend Dulwich College.
Promoting the Profession
The Company aims to foster a positive view of the role of the City’s financial institutions and promotes high ethical standards within the industry.
· Lord George Principles for Good Business Conduct – all WCIB members subscribe to these ethical principles which have also been adopted by the Chartered Institute for Securities & Investment.
· Financial Services Group – the Company is one of 12 livery companies comprising this group which supports the Lord Mayor, Court of Aldermen and City of London Corporation in promoting the financial services sector.
· Professional Institutes – the WCIB maintains close links with the Chartered Institute of Bankers in Scotland, the Chartered Institute for Securities & Investment, the London Institute of Banking & Finance, the British Bankers Association and other relevant professional bodies.
· Schools’ visits – WCIB members give industry-related presentations to schools and universities.
Affiliations with Reserve Forces and Cadets
The Company is proud to support the UK’s Reserve Forces and Cadets and is affiliated with the following units:
· 306 Hospital Support Regiment
CO: Helen Singh MBE
A nationally recruited unit based near York whose primary role is to provide trained medical personnel to deploy as individuals or teams on military operations and exercises.
· National Reserve Headquarters Royal Artillery
CO: Lieutenant Colonel Bill Bolam RA
A nationally recruited unit based in Woolwich. Half of NRHQ RA is in the Royal Artillery, the rest represent almost every other cap badge in the British Army.
· City of London Sea Cadet Corps
CO: SLt (SCC) Andrew Unger RNR.
Based on HMS Belfast, and supported by the Royal Navy, this unit provides sailing and adventure training to give young people a great start in life.
· 16F (Wood Green and Hornsey) Squadron Air Training Corps
OC: FO Neel Patel RAFVR(T)
Sponsored by the Royal Air Force, the ATC gives hands-on, practical experience to help young cadets develop useful skills and confidence.