Gerard Lyons

Gerard Lyons

Gerard Lyons has been described by The Times as ‘one of the most influential analysts of the global economy.’ He has over thirty years of experience in senior roles in the City and public policy and in 2019 was a candidate for Governor of the Bank of England.

From 2012-16 he was Chief Economic Advisor to Boris Johnson, when he was Mayor of London. Previously he was also the Lead Advisor to Prime Minister Gordon Brown’s 2008 Business Council, an inaugural member of the EU Commission’s Network of China Experts and sat on several Councils of the World Economic Forum.

From 1999-2012 he was Head of Global Research and Chief Economist at Standard Chartered Bank, where he was credited as one of the few economists to predict the 2008 global financial crisis. In 2010 & 2011, Bloomberg ranked his team as the most accurate forecasters globally.

Gerard’s analysis of the global economy – particularly emerging economies across Asia, Africa and the Gulf and Middle East – has regularly been sought by policymakers, including politicians and central bankers around the world. He has spoken in 82 countries, testified to committees of the US Congress and Senate, and to committees in both the UK’s House of Commons and Lords. His paper ‘Banking the Unbanked’ was presented at the Commonwealth Finance Ministers Conference in 2005; his report ‘Qatar 2020’ was commissioned by and presented to the Emir; and at Davos in 2010 he was asked to represent the financial sector in the BBC’s annual globalised world debate.

In 2014, Gerard’s first book, The Consolations of Economics: How we will all benefit from the New World Order, was published by Faber & Faber. In it, Gerard explained the global economic outlook based on four global trends: demographics and the environment; hard power; soft power; and institutional power. It was serialised in both The Times and The Sunday Telegraph and translated into Korean, Portuguese, German, and Chinese. It was also one of The Telegraph’s books of the year.

Gerard has a portfolio of roles. He sits on the Board of Bank of China (UK) and on the board of BGC Partners, the global brokerage firm, where he is Chair of the Risk Committee, and he is Chief Economic Strategist at Netwealth Investments, the discretionary wealth manager he helped establish in 2016. He is a member of the Advisory Council of the Official Monetary and Financial Institutions Forum, a fellow of the Society of Professional Economists and a senior fellow of the Policy Exchange think tank.

In 2022, Gerard launched the Elfonomics podcast with his daughter, the comedian Elf Lyons, in which the pair take a light-hearted but insightful look at the economics of everyday topics.

Gerard has been a member of the Advisory Board of the Grantham Research Institute on Climate Change and the Environment since its inception in 2008 and since 2022 has been a member of The Bretton Woods Committee Climate and Energy Transition Finance (CEFT) project team. Gerard is an excellent speaker and an active contributor to the economic policy debate.

Books

The Consolations of Economics

Gerard Lyons

In the next twenty years the world economy will enjoy one of its strongest periods of growth. Greater innovation and technical change will increase opportunities. Life expectancy, income and educational standards will rise. The West’s share in the global economic cake may get smaller, but there will be more cake than ever before.

These are the predictions of Gerard Lyons, a leading international economist who spent nearly thirty years working in the City. Over the last quarter-century he has been ahead of the game in predicting the major economic trends that we now take as a given.

The Consolations of Economics is a lucid and accessible expert’s attempt to look objectively at the changing global economy – what is happening and what it means. He shows how we can embrace change, rather than hide from it. The results are fascinating, refreshing – and unusually cheering.

‘Gerard is a wise and thoughtful observer, and analyst of the world economy… His assessment of where the world may go is of great value. This is a very important book.’

— Professor Lord Nicholas Stern

‘Gerard is one of the very few that has truly tried to understand the complex evolving world – this adds to the importance of people reading his book.’

— Lord Jim O’Neill

‘Gerard has great ability to combine rigorous economics with wide-ranging knowledge of how business works and a truly global perspective.’

— Lord Adair Turner

‘As an economist, Gerard has two trump cards: he allies careful and deep analysis with a first-hand understanding of how the world works. His world is view is more rounded and realistic than most others on offer.’

— Sir Howard Davies

‘A jargon-free analysis of what might lie ahead, backed up by the common sense that comes from a combination of astute observation and practical experience.’

— Irwin Stelzer, The Sunday Times

‘A most readable account of decades of economic policies and events, and his subtitle, How We Will All Benefit from the New World Order, is a welcome counterblast against the prevailing orthodoxy.’

— William Keegan, The Observer

‘Gerard Lyons’s solid and convincingly optimistic perspective is a welcome counterpoint to the narrow concerns about both the overall decline of the West and the growing inequalities within the developed world.’

— Hamish McRae, The Independent