City St George’s, University of London and the Lord Mayor will partner on a shared goal of regulating and managing risk in the UK financial services industry for growth.

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City St George’s, University of London and the City of London Corporation have announced the second Lord Mayor’s Fellowship.

The year-long fellowship, to align with the tenure of the Lord Mayor, has been awarded to Dr Cormac Bryce, Reader in Insurance and Risk at Bayes Business School, City St George’s.

As the Lord Mayor’s Fellow, Dr Bryce will be seconded to the Finsbury Institute- the new policy group of City St George’s. He will work on research, dissemination and engagement activities related to regulating and managing risk in the UK financial services industry for growth.

The Lord Mayor: an ambassador for the City of London

City St George’s has a longstanding connection to the Lord Mayor, who holds the role of Rector at the University.

Alastair King, a financier and asset manager, was elected to take up the role in September 2024. He was awarded an honorary doctorate from City St George’s at the University’s winter graduation ceremony in January 2025.

The Lord Mayor acts as an international spokesperson for the City, leading business delegations overseas to key international markets on behalf of the UK’s financial and professional services industry.

As part of his appointment, Alderman King is promoting his theme of ‘Growth Unleashed’, to foster a revitalised, resilient, and risk-ready City.

It will focus on challenging industry to maximise opportunities through responsible risk taking, driving the adoption of technologies and celebrating the accomplishments of the many diverse communities across the UK.

Discussing the fellowship, Alderman King said:

“The work of Bayes Business School academics was of enormous help in preparing for my mayoral theme, Growth Unleashed. We welcome Dr Bryce, a leading expert on risk management, as Lord Mayor’s Fellow and look forward to working together during the mayoralty."

This fellowship embodies the strong connections between the University and the City of London Corporation and will help us work together to support new research and reignite the City’s appetite for risk, seizing our national edge in innovation.

The Lord Mayor’s Fellowship: a shared research agenda

Dr Bryce was appointed to the fellowship role to work on the Lord Mayor’s initiative, which links closely to his own research expertise.

Dr Bryce’s multi-method research spans from human behaviour in public domains to the effect of regulation, incentives and governance structures on strategic decision-making in the financial services industry.

He was a key author in the recently published reportOptimising Growth: The Evolving Role of the Chief Risk Officer’ and represents work which contributed to the Lord Mayor’s theme.

Commenting on his appointment, Dr Bryce said:

It is an honour to serve as this year’s Lord Mayor’s Fellow and work as part of the Finsbury Institute.

Having collaborated with the City of London and Lord Mayor in preparation for the Growth Unleashed theme, I will further my research in the financial services sector and explore how firms can innovate and embrace responsible risk-taking.

“Key to the mayoral theme is the desire to sustain the UK’s position as a global leader in financial services. Research is needed to tackle important concepts including regulating for growth, and I look forward to leading on this work with key stakeholder groups.”

Discussing the fellowship, Dr Sionade Robinson, Vice-President (Enterprise, Engagement & Employability), said:

City St George’s is a civic university embedded in London. This fellowship is testament to the significant role we play as a university in the heart of the capital.  As a civic institution, it is important for us to build these meaningful connections and help drive growth in the City and beyond.

“Dr Cormac Bryce carries out vital research on the UK financial services industry. We would like to congratulate him on his appointment and look forward to continuing a longstanding partnership with the Lord Mayor’s Office.”