Monday, 1 February 2010 at 10:00AM
The Willis Building

Long Finance: Enduring Value

Presented by Ian Harris

Long Finance is an initiative begun in 2007 to establish a World Centre Of Thinking On Long-Term Finance. The initiative began with a question ­ "when would we know our financial system is working?" ­ which challenges a system that can't provide today's 20 year olds with a reliable financial retirement structure. The aim of the Long Finance Institute is 'to improve society's understanding and use of finance over the long-term'. The research project proposals range from theory versus practice or fiscal versus monetary to sustainability versus robustness. The iconic project for Long Finance is the Eternal Coin, with the objective of starting a global debate about society's values over the long-term. This is the second event that Gresham College has co-hosted, where learning from the sister Long Now organisation and its 10,000 Year Clock Project will be discussed.

Hosted by Gresham College, Chartered Institute for Securities & Investment, Willis, Z/Yen Group

With support from Alpheus Solutions, City of London Corporation, Centre for the Study of Financial Innovation, Culliford Edmunds Associates, Steve Cunliffe, Financial Services Club, London Accord, River Path, Sedgwick Richardson, Tattarsall Hammarling & Silk, Tomorrow's Company, UKSIF - the Sustainable Investment and Finance Association.

Conference speakers
ian-harris

Ian Harris is a director at Z/Yen Group Ltd, which he co-founded in 1994. He specialises in strategic planning and systematic performance improvement in both the civil society sector and also commercial sectors.

Prior to Z/Yen, Harris led Binder Hamlyn management consultancy's financial management systems work.

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jan-peter-onstwedder

Jan-Peter has over 20 years experience in risk management across a wide variety of asset classes and global trading markets, both in a banking and a corporate environment. He has held various risk and trading positions for Barclays Bank in London and New York; worked as Head of Market Risk for the Royal Bank of Scotland; Head of Risk for BP’s Integrated Supply and Trading business; and Head of Risk Management for 3i plc. Currently he works for Citi in London as Head of Risk Management for the global commodities trading division, and as Head of Credit Risk for four global industries (power, energy, chemicals and mining). In 2007 he managed the London Accord, the then-largest ever collaborative research project into the financial aspects of climate change. The report, published in December 2007, placed research by leading investment banks, NGOs, law firms and academic institutions in the public domain.

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bernard-lietaer

Bernard Lietaer, author “Of Human Wealth” and “The Future of Money”, has been active in the domain of money systems for a period of 25 years in an unusual variety of functions.  While at the Central Bank in Belgium he co-designed and implemented the convergence mechanism (ECU) to the single European currency system.  During that period, he also served as President of Belgium’s Electronic Payment System.  His consultant experience in monetary aspects on four continents ranges from multinational corporations to developing countries.  He co-founded one of the largest and most successful currency funds becoming its General Manager and Currency Trader.  He was Professor of International Finance at the University of Louvain; and is currently Visiting Professor at Naropa University in Boulder, Colorado.  He is the co-founder of ACCESS Foundation, an educational non-profit whose objective is to communicate best practices in the domain of complementary currencies.  He is currently a Fellow at the Center for Sustainable Resource Development at UC Berkeley.

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speaker_3roderickfloud02.jpg.crop_display.jpg

Professor Sir Roderick Floud FBA is an Honorary Fellow of Gresham College having served as the Provost of Gresham College between 2008 and 2014, taking over the role from Lord Sutherland of Houndwood KT FBA and being followed by Sir Richard Evans FBA. Sir Roderick Floud is President Emeritus of the London Metropolitan University and he was previously the Chairperson of the Standing Committee for the Social Sciences at the European Science Foundation.

His particular interests in part-time and mature students in higher education has been reflected in many of his publications as well as his participation in numerous boards and committees. Of particular note are his roles as President of Universities UK (representing 121 British Universities), Vice-President of the European University Association (where he was particularly involved in the 'Bologna process' of converging European education systems), and Chair of the Social Sciences Committee of the European Science Foundation (representing research councils and learned academies from thirty European Countries). In 2005 he received a knighthood for his services to Higher Education in the Queen's Birthday Honours.

Sir Roderick Floud is an economic historian, with publications on topics as diverse as technological change, the use of IT in the study of history, the evolution of technical education and changes in human height, health and welfare. He holds honorary fellowships from Emmanuel College Cambridge, Wadham College Oxford, Birkbeck College London and the Historical Association, as well as honorary degrees from City University London and the University of Westminster. He was elected an Academician of the Social Sciences in 2000 and a Fellow of the British Academy in 2002.

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faisal-islam

Faisal Islam is economics correspondent for Channel 4 News, after being business correspondent since May 2004. Prior to this he was economics correspondent at The Observer newspaper.

In 2009 he was named Business Journalist of the Year, and in February 2006 Faisal was named Young Journalist of the Year at the Royal Society of Television awards. He was awarded the Wincott Award for Young Financial Journalist of the Year in 2000, and shortlisted for Young Journalist of the Year at the British Press Awards for 2001.

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stewart-brand

Stewart Brand is a co-founder and managing director of Global Business Network, founded and runs the GBN Book Club, and is the president of The Long Now Foundation.

Brand is well known for founding, editing and publishing the Whole Earth Catalog (01968-85), which received a National Book Award for the 01972 issue. In 01984, he founded The WELL (Whole Earth 'Lectronic Link), a computer teleconference system for the San Francisco Bay Area. It now has 11,000 active users worldwide and is considered a bellwether of the genre.

Brand has been a member of the Board of Trustees of the Santa Fe Institute, an interdisciplinary center studying the sciences of complexity, since 01989. He received the Golden Gadfly Lifetime Achievement Award from the Media Alliance, San Francisco in the same year.

He was a founding member of the Board of Directors of the Electronic Frontier Foundation, an organization which supports civil rights and responsibilities in electronic media, and is an acting adviser to Ecotrust, Portland-based preservers of temperate rain forest from Alaska to San Francisco.

Brand is the author of many pioneering books including The Clock Of The Long Now in 01999, How Buildings Learn: What Happens After They're Built in 01994, The Media Lab: Inventing the Future at MIT in 01987, and Two Cybernetic Frontiers on Gregory Bateson and cutting-edge computer science in 01974. It had the first use of the term "personal computer" in print and was the first book to report on computer hackers.

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brian-eno

Brian Eno is a musician, composer and producer of audio and visual landscapes. Eno's synthesizer work and electronic manipulation of audio textures was first featured during the early 1970's as a founding member of Roxy Music. His solo and collaborative musical compositions with John Cale, Robert Fripp and David Bowie have been in circulation world-wide over the last 25 years.

Eno has produced records for numerous artists including U2, David Bowie, Jane Siberry and performance artist Laurie Anderson, executive produced the "Help" benefit album, and performed with Pavarotti, Bono and The Edge at 1995's Modena Festival to benefit the War Child charitable organization.

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alexander-rose

As the director of the Long Now Foundation, Alexander Rose has facilitated projects such as the 10,000 Year Clock with Danny Hillis, the Rosetta Project, Long Bets, Seminars About Long Term Thinking, Long Server and others. Rose shares several design patents on the 10,000 Year Clock with Danny Hillis, the first prototype of which is in the Science Museum of London.

Hired as the first employee of the foundation in February of 1997, Rose has been an artist in residence at Silicon Graphics Inc., a project manager for Shamrock Communications, and a founding partner of Inertia Labs. Rose attended the Art Center College of Design and graduated with a bachelor of arts honors degree from Carnegie Mellon University in Industrial Design in 1995.

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alderman-professor-michael-mainelli

Alderman Professor Michael Mainelli is Emeritus Mercers' School Memorial Professor of Commerce at Gresham College, having held the chair from 2005 to 2009. His first degree was in Government from Harvard, followed by mathematics and engineering studies at Trinity College Dublin and a PhD from the London School of Economics in chaotic systems, where he was also a Visiting Professor.

Professor Mainelli is Executive Chairman of Z/Yen, the City of London’s leading commercial think-tank and venture firm, which he co-founded in 1994 to promote societal advance through better finance and technology. A qualified accountant (FCCA), securities professional (FCSI), computer specialist (FBCS) and management consultant (FIC), Michael began his career as a research scientist in aerospace (rockets) and computing (architecture & mapping). He later became a senior partner with accountants BDO Binder Hamlyn directing global consulting projects. During the 1990s he worked for the UK Ministry of Defence as Corporate Development Director for Europe’s then largest R&D firm, the Defence Evaluation & Research Agency leading to two privatisations. Career highlights include directing Z/Yen’s Long Finance initiative with Gresham College and the City of London Corporation asking “when would we know our financial system is working?” as well as creating the Global Financial Centres Index, Global Intellectual Property Index, London Accord and Farsight Award. Michael also conceived and produced the first complete digital map of the world in 1983, Mundocart (a 1980’s Google Earth), and the $20 million Geodat consortium cartography project.

Michael is non-executive Director of the United Kingdom Accreditation Service (UK’s national body for standards and laboratories), AIM-listed Sirius Minerals plc (potash mining), AIM-listed Wishbone Gold Plc; Alderman for Broad Street Ward (elected) at the City of London Corporation; Almoner for Christ’s Hospital School; Trustee of International Fund for Animal Welfare. Michael has held numerous advisory posts, for example with Hitachi UK, City University and HM Treasury. Michael won a 1996 UK Foresight Challenge award for the Financial Laboratory, 2003 UK Smart Award for prediction software, 2005 British Computer Society Director of the Year, 2011 Technology Strategy Board Challenge Award for financial avatars, and was awarded Gentiluomo of the Associazione Cavalieri di San Silvestro in 2011. Michael is a Liveryman, Worshipful Company of World Traders, Freeman, Watermen & Lightermen, and represents the Financial Services Group of Livery Companies.

Michael has published over 40 journal articles, 150 commercial articles and four books. Michael’s humorous risk/reward management novel, Clean Business Cuisine: Now and Z/Yen, written with Ian Harris, was a Sunday Times Book of the Week in 2000; Accountancy Age described it as “surprisingly funny considering it is written by a couple of accountants”. Their third co-authored book, The Price of Fish: A New Approach to Wicked Economics and Better Decisions, based on his Gresham lectures, won the 2012 Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael plays bagpipes, loves skiing and sailing and, with his wife, Elisabeth, he races and restores the 1923 Thames Sailing Barge Lady Daphne and sits on the world’s oldest sailing racing body, the Thames Match Committee. With an international family, Michael speaks English, German, French and Italian poorly, but even worse Spanish and Chinese.

To access all of Professor Mainelli's previous Gresham College lectures, please click here.

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Conference lectures
WATCHED
Part of a conference

Part One: Long Finance - Made from Real Money and The Long Now

Alderman Professor Michael Mainelli
Monday, 1 February 2010 - 10:00AM
WATCHED
Part of a conference

Part Two: Panel Discussion - "Enduring Value"

Professor Sir Roderick Floud FBA
Monday, 1 February 2010 - 11:00AM