Cayman prepares for Lord Mayor

The Lord Mayor of London Mr. Michael Berry Savory is to visit the Cayman Islands in October.

Mr. Savory, who is head of the Corporation of London, is visiting Cayman 16-18 October, following a visit to Canada.

He is UK Ambassador for Financial Services and is visiting the Island to take a look at the business and financial institutions on Grand Cayman, allied to his work in the UK capital.

London is the second largest financial centre in the world, with Cayman ranked fifth.

The full list is: 1 – New York, 2 – London, 3 – Hong Kong, 4 – Frankfurt and 5 – Cayman.

The Lord Mayor of London is elected each year at the end of September or beginning of October and takes office in November.

On the day after taking office, the Lord Mayor’s Show is held.

The Lord Mayor, preceded by a procession, travels to the City of Westminster to swear allegiance to the Sovereign in the presence of judges of the High Court.

The Lord Mayor’s residence in London is the Mansion House and of the 66 cities in the United Kingdom, the City of London is among the 30 that have Lord Mayors – or, in Scotland, Lord Provosts.

The Lord Mayor’s role is primarily ceremonial rather than political, although he does promote London’s business credentials abroad.

Simon Tonge, head of the Governor’s Office in George Town, Grand Cayman, confirmed that preparations for this are under way and said further details would be announced nearer the time.