Gerard Lyons
British economist
Gerard Lyons
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Lyons at a
Policy Exchange
conference, September 2014
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Born |
Gerard Patrick Lyons
( 1961-03-31 ) 31 March 1961 (age 62)
Marylebone
, London, England
[1]
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Nationality | British |
Academic career | |
Field |
Political economy
International economics Financial economics |
School
or
tradition |
New Keynesian economics |
Alma mater |
University of Liverpool
(BSc)
University of Warwick (MA) Queen Mary, University of London (PhD) |
Website |
www
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Gerard Patrick Lyons (born 31 March 1961) [1] [2] is a British economist.
Biography
Gerard Lyons belongs to an immigrant Irish Catholic family from Kilburn , North West London. [3]
Lyons attended St Mary's Primary School in Kilburn and Cardinal Vaughan Memorial School in Holland Park , London. He studied at the University of Liverpool followed by a Masters in Economics at the University of Warwick . In 1985, he completed his PhD at Queen Mary, University of London . [4]
Financial sector career
Lyons started his career as an economist at Chase Manhattan Bank in the Europe Area Office from 1985 to 1986. [4] [5] [6] [7] [8] From 1986 to 1989 he was the Chief UK Economist at Swiss Bank Corporation . From 1989 to 1999 he was Chief Economist and Executive Director at Dai-Ichi Kangyo Bank . [9] Then from 1999 to 2012, Lyons was the Chief Economist and Group Head of Global Research at Standard Chartered Bank , [10] where he was in charge of a division of about 180 staff. [11] In 2010 and 2011, Lyons' team at Standard Chartered was ranked as the top forecasting team globally by Bloomberg . [12] [13] [14] [15] On leaving Standard Chartered, The Times wrote that Lyons "(had) become one of the most influential pundits on the global economy". [16]
Prior to this Lyons reinforced his own reputation as an accurate forecaster with being one of two British economists predicting in August 2008, a month before Lehman Brothers collapsed, a deep imminent recession. [17] He anticipated a GDP fall of 1.6% for the third quarter of 2008 when the consensus predicted a rise of 0.9%. [14] Other accurate contrarian calls include correctly predicting that the Lawson Boom would end in a bust, as well arguing for the economic benefits of leaving the European Exchange Rate Mechanism . [18] Regarding the latter, Lyons wrote in The Observer in 1992 that “[S]omething will have to give: either the government’s exchange-rate commitment or the economy,” and he has called the euro “probably the worst economic idea ever thought up by anyone anywhere at any time”. [19]
Currently, Lyons is Chief Economic Strategist at Netwealth, [20] an independent non-executive director at the Bank of China , [ citation needed ] and a Senior Fellow at the think tank Policy Exchange . [21] Lyons also sits, since 2008, on the Advisory Board of the Grantham Institute – Climate Change and Environment ; and has been a member of the Advisory Board of Warwick Business School since 2014. [22]
Public sector career
In 1999, Lyons was a member of the 'Commission on the £ Sterling', established by the Leader of the Opposition William Hague . He and Ruth Lea wrote up the Commission's findings.
He has testified to United States Congress and Senate about the rise of State Capitalism and Sovereign Wealth Funds. [23]
He was the Lead Advisor on Prime Minister Gordon Brown 's first Business Council for Britain, 2007–08. [24]
He sat on Councils of the World Economic Forum between 2009-2014. [25]
On 11 December 2012, the Mayor of London , Boris Johnson , announced that Lyons was to join his team as his Chief Economic Adviser. [26] [27] During his first term, Lyons had been a member of Johnson's informal panel of economic and business advisers, speaking at a number of events at City Hall on London's global position during the term of the previous Mayor, Ken Livingstone . [28] 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 championed the London living wage, co-chaired, with Munira Mirza , the London Strategic Migration Partnership Panel, represented the Mayor on the Board of City UK and sat as a member of the GLA's Investment Performance Board [29] and gave testimony to the Commission's second report, in 2016. [30]
Because of his connection with Johnson and knowledge of emerging economies, he was considered for the 2019 appointment of Governor of the Bank of England . [3]
Books
- The Consolations of Economics [31] [32]
- Clean Brexit: How to Make a Success of Leaving the European Union (co-authored with the journalist Liam Halligan ). [33]
EU Referendum
Previously a vocal opponent of the UK joining the Exchange Rate Mechanism and Euro currency, [34] Lyons is an advocate of "Clean Brexit", and co-founded Economists for Brexit to provide the economic case for leaving. [35] [36] He publicly criticised the use of the £350 million figure on the side of the Vote Leave bus, [37] and suggested that a net figure of £163 million a week should have been used. [38]
In April 2016, Lyons suggested that food would be suddenly cheaper after Brexit. [39]
References
- 1 2 "Index entry" . FreeBMD . ONS . Retrieved 28 January 2020 .
- ↑ "Lyons, Dr Gerard Patrick". Lyons, Dr Gerard Patrick, (Born 31 March 1961), Chief Economic Adviser to Mayor of London, since 2013 . Who's Who . 2012. doi : 10.1093/ww/9780199540884.013.U255877 .
- 1 2 Elliott, Larry (11 August 2019). "And the next Bank of England governor will be …" . The Guardian . ISSN 0261-3077 . Retrieved 4 November 2019 .
-
1
2
"Gerard Lyons – Keynote Speaker Leading International Economist and Expert and Cofounder of 'Economists for Brexit'
"
.
londonspeakerbureau.com
. Retrieved
4 November
2019
.
{{ cite web }}
: CS1 maint: url-status ( link ) - ↑ "What makes Boris Johnson's favourite economist tick?" ," https://amp.economist.com ",Aug 1st 2019
- ↑ "Agenda" . LSEEMF . Retrieved 26 May 2023 .
- ↑ Jeremy Warner "Boris favourite Gerard Lyons on the Bank of England after Brexit: 'We must close the pessimism gap'" ," https://www.telegraph.co.uk ",8 August, 2019
- ↑ Griffiths, Katharine. "Lyons to leave StanChart after 13 years" . The Times . Retrieved 2 April 2019 .
- ↑ "Gerard Lyons | HuffPost" . www.huffingtonpost.co.uk .
- ↑ "Gerard Lyons" . Expert Keynote and Motivational Speakers | Chartwell Speakers . Retrieved 29 June 2023 .
- ↑ "Boris Johnson's ex-adviser Gerard Lyons fails to make shortlist for Bank governor" .
- ↑ top forecaster (Report).
- ↑ Jill Ward, Olivia Konotey-Ahulu. "Lyons as Carney Successor Could Mean Different BOE" ," https://www.bloomberg.com ",July 26, 2019
- 1 2 Blackhurst, Chris (24 October 2014). "Gerard Lyons interview: the key Boris adviser who likes to look on the" . Evening Standard .
- ↑ "City Spy: Forget Reservoir Dogs - Standard Chartered economists are" . Evening Standard . 10 April 2012.
- ↑ Griffiths, Katherine. "Lyons to leave StanChart after 13 years" .
- ↑ "Boris Johnson snaps up Lyons from Standard Chartered" . Evening Standard . 11 December 2012.
- ↑ /
- ↑ "What makes Boris Johnson's favourite economist tick?" . The Economist . August 2019.
- ↑ "Expert Wealth Management Powered by Cutting-Edge Technology | Netwealth" .
- ↑ "Gerard Lyons" .
- ↑ "The Board | Our People - All Staff Directory | Warwick Business School" .
- ↑ "The Rise of Sovereign Wealth Funds: Impacts on U.S. Foreign Policy and Economic Interests" . 21 May 2008.
- ↑ "Top economist says Bank of England's failure to tackle inflation quickly will worsen cost-of-living crisis" . 6 February 2022.
- ↑ https://web-docs.stern.nyu.edu/salomon/docs/crisis/WEF%20Financial%20Development%20Report.pdf [ bare URL PDF ]
- ↑ Fleming, Sam (11 December 2012). "Boris Johnson hires City veteran Gerard Lyons to tackle emerging dilemma" . The Times . Retrieved 3 June 2019 .
- ↑ "Top City economist appointed to direct Mayor's economic strategy" . London City Hall . 11 December 2012 . Retrieved 3 June 2019 .
- ↑ Goodway, Nick (10 December 2012). "Lyons moves from City to City Hall to advise Boris" . The Independent . Retrieved 2 April 2019 .
- ↑ Raising the capital (PDF) (Report). London Finance Commission.
- ↑ Devolution: a capital idea (PDF) (Report). London Finance Commission . Retrieved 2 April 2019 .
- ↑ Lyons, Gerard. "Gerard Lyons: the whole world is about to grow" . The Telegraph . Retrieved 2 April 2019 .
- ↑ Lyons, Gerard. "Gerard Lyons: 10 rules for the new global economy" . The Telegraph . Retrieved 2 April 2019 .
- ↑ "The best of a clutch of recent books on Brexit—from both sides" . The Economist . Retrieved 2 April 2019 .
- ↑ "Gerard Lyons and the Boris vision thing" . TheGuardian.com . 12 December 2012.
- ↑ "Gerard Lyons, Author at BrexitCentral" . BrexitCentral . Retrieved 4 November 2019 .
- ↑ Corner, Speakers. "Gerard Lyons - Business Speakers | Speakers Corner" . www.speakerscorner.co.uk . Retrieved 4 November 2019 .
- ↑ PoliticsHome.com (30 May 2016). "Brexit economists reject £350m Vote Leave claim" . PoliticsHome.com . Retrieved 4 November 2019 .
- ↑ " 'Clumsy institutions', says Lyons". Production Engineer . 64 (7): 7. 1985. doi : 10.1049/tpe.1985.0159 . ISSN 0032-9851 .
- ↑ "Gerard Lyons: We will prosper from Brexit" . 12 April 2016.
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