Speakers in the news 5th June
1) Jonathan Hill
- Jonathan Hill is a British Conservative politician and former European Commissioner for Financial Stability, Financial Services and Capital Markets Union.Nominated by the former British Prime Minister David Cameron, Jonathan took office as European Commissioner in November 2014 with responsibility for financial regulation across the whole of Europe. His flagship programme was the development of a European Capital Markets Union to increase the flow of investment capital throughout the EU. Jonathan resigned as Commissioner in the immediate aftermath of the UK referendum on EU membership in June 2016.Before becoming European Commissioner, Jonathan was a member of the British Cabinet as Leader of the House of Lords and Chancellor of the Duchy of Lancaster from 2013 to 2014. Before that, he served as minister for Schools from 2010 to 2013, where he was responsible for implementing the Academies and Free Schools reforms.Jonathan had been special adviser to Cabinet Minister Kenneth Clarke (1986-1989) and Political Secretary to Prime Minister John Major (1992-1994). He ran John Major’s campaign in the Conservatives’ surprise victory of 1992 and worked at 10 Downing Street throughout the negotiations over the Maastricht Treaty when Mr Major successfully negotiated Britain’s opt-out from the euro and the Social Chapter.
- Jonathan Hill has joined UBS as an adviser to Switzerland’s biggest bank, making Britain’s former representative at the European Commission the latest senior politician to take a lucrative role at a large financial institution. UBS said Lord Hill would help it “to offer richer advice in relation to Brexit and the wider political and economic environment” to clients of its investment bank. The Conservative politician was the European Commissioner for financial stability, financial services and the capital markets union from 2014 to 2016, when he resigned after the UK referendum vote to leave the European Union. Since his resignation, the 57-year-old former cabinet minister helped to set up Prosperity UK, a forum for businessmen to debate Brexit and consider the UK’s future outside the EU. “His experience in both Brussels and the UK means he is able to speak with authority on the challenges and opportunities for business arising from recent political and economic developments in Europe,” UBS said.
2) Jimmy Wales
- Jimmy Wales is the Internet entrepreneur best known for founding Wikipedia.org, as well as other wiki-related organisations, including the charitable organisation Wikimedia Foundation, and the for-profit company Wikia Inc., which operates Wikia.com. In January of 2001, Jimmy started Wikipedia.org, the online encyclopaedia that anyone can edit, and in mid-2003, he set up the Wikimedia Foundation, a non-profit organisation based in St. Petersburg, Florida, to support the Wikipedia.org site. In 2004, Jimmy co-founded Wikia Inc. with Angela Beesley. Wikia Inc. is a for-profit company based on principles similar to Wikipedia.org, which allows people to contribute information and opinions on any topic, in any language. As part of his work at Wikia Inc., Jimmy is developing a human-powered search engine, Search Wikia, which will be based on the same open, transparent, community-driven principles of Wikia and Wikipedia.
- Speaking to cryptonews facilitator, FXStreet, Jimmy said that crypto assets are in a bubble territory, with some crypto enthusiasts starting to admit this fact. “…Right now, we are in a bubble, the crypto world is absolutely, definitely in a bubble. I don’t think there are many people who would deny that.”“The thing about bubbles is that you never know when they’re going to end… it might pop tomorrow, but more importantly, it will pop,” he added.
3) Liz Nicholl
- Liz Nicholl CBE is a British sports administrator and former netball player who has been chief executive of UK Sport since 2010. She has been called “the most powerful woman” in British sport.Liz Nicholl began her career as an international netball player. Soon after, she became CEO of England Netball for 16 years, including a period as Championship Director of a World Netball Championships. In 1999 Liz joined UK Sport, and has since played a pioneering role in the development of the elite sport system in the UK. For ten years, Liz led the work of UK Sport’s Performance Directorate through the Sydney, Athens and Beijing Olympic and Paralympic cycles as the Director of Elite Sport. Liz became the Chief Operating Officer in 2009 and was then appointed to the CEO role in September 2010. During her tenure as CEO, GB achieved record performances at London 2012, Sochi 2014 and Rio 2016. Nicholl has been called the architect of the organisation’s strict “all or nothing” funding system, which has faced criticism due to its focus on medal count and budget cuts in sports that perform poorly.
- UK Sport is to deliver a “one-off” support deal to British Basketball, in order to help the troubled national governing body fulfil international fixtures scheduled for its men’s and women’s teams. This week, Liz Nicholl said, “It is disappointing that British Basketball has found itself in this situation, faced with significant financial challenges.”“It is vital British Basketball now demonstrates it can clearly deliver on its commitments and use the impact of its national teams to inspire participation, pride and wellbeing across the country, particularly in communities that it has a unique ability to reach.“It is also a priority that the sport works together as a collective to reach agreement on the creation of a sustainable business model that will support its athletes before any further ring-fenced funding support can be provided.”
4) Todd Bucholz
- A former Director of Economic Policy at the White House (1989-92), a Managing Director of the $15 billion Tiger hedge fund, and an award-winning economics teacher at Harvard, Todd Buchholz targets his entertaining remarks to the cutting edge of economics, finance, and business strategy.Todd has advised President George W. Bush, and is a frequent commentator on ABC News, PBS and CBS, and recently hosted his own special on CNBC. He has also debated such luminaries as Lester Thurow and Nobel Laureate Joseph Stiglitz. He is co-founder and managing director of Two Oceans Management, LLC and was a fellow at Cambridge University in 2009.
- This week, Todd wrote an article about the hotel industry’s comeback. Earlier this year Airbnb’s chief financial officer, Laurence Tosi, quit and the company quashed talk of an eagerly awaited IPO. Meanwhile, hotel shares have climbed as the companies in the space have clawed their way back. Todd wrote, No doubt hotels were slow to the technology race, and even now Airbnb’s interface looks slicker than most hotel websites. Nonetheless, they’re catching up. Travelers are starting to believe hotel claims that they offer the lowest prices. Recent hotel technology spending ranges from the mundane such as improving WiFi, to the cutting edge. For example, guests at certain Aloft hotels can order room service from a bow-tied robot called Botlr.