Agenda item

Resolved unanimously – That the Members of this Court wish to place on record their appreciation for the pioneering and innovative service that 

Chris Bilsland,

the City of London’s 79^th Chamberlain, has given to the City of London Corporation over the last 7 years.  As Chamberlain, Chris has served in a successive line dating back to 1237, and in accordance with the requirements in ‘A New History of London’, published in 1773, has fulfilled the role with trust and fidelity.

His expertise has extended beyond City financial and ceremonial matters; during his CIPFA Presidency in 2011/12, Chris was a key contributor to the well-received CIPFA think piece ‘After the Downturn’, looking at innovative ways for the public sector to respond to the financial crisis.  He has also recently helped advise the Government on proposals for a Common Investment Vehicle for the London Government Pension Scheme, with the aim of reducing administration costs, increasing returns on investments, and maintaining local accountability and control. 

Chris was instrumental in establishing the City Corporation’s social investment fund, which aims to position London as a global hub in the sector, as well as championing apprenticeships, bringing opportunities to young people in deprived boroughs. 

Chris pioneered the ‘PP2P’ project, which has recently been shortlisted as a finalist in the LGA Award for Business Transformation as well as leading recent outsourcing of the City of London’s IS Service, which is expected to save quite a lot of money over ther next few years. In fact, when it comes to technology, Chris has led by example; always keen to try out the latest IS gadgets, gizmos and Apps!

Under his leadership, the visibility of both Internal Audit and Risk Management has increased and internal governance functions have strengthened.  The City Corporation’s transparency has been improved by publishing the full set of City’s Cash Accounts.

The City of London’s Pension Fund is ranked 4^th out of 85 local authority funds for its investment returns and all three of our funds consistently outperform their benchmarks.  Indeed, his recent award from the Local Government Chronicle as Finance Officer of the year, in recognition of the City of London’s top performing Pension Fund, is credit to his professionalism and skill.

Chris has performed his ceremonial duties with great panache, a highlight of which was the first Honorary Freedom in over 10 years; awarded to Archbishop Desmond Tutu last November.

The Members of this Court, and particularly those who have served on the Finance and Audit and Risk Management Committees, have benefitted tremendously from his advice, guidance and innovation. His successful management of the City Corporation’s finances, through turbulent times, has helped to ensure that we are better prepared to meet the challenges likely to be faced in the coming years.  We wish Chris a long and happy retirement and both he and Gill every good wish for the future.

Chris Bilsland, the Chamberlain of London, was heard in response.