New City of London Lord Mayor Seeks to Get Trillions of UK Pensions Invested

New City of London Lord Mayor Seeks to Put Trillions of UK Pension Assets to Work Bronek Masojada had a reputation as a tough leader in the insurance world he worked in for three decades. He’s now planning to bring that same rigor to his role as Lord Mayor of the City of London in a push to boost the UK’s competitiveness — and put its trillions of pension savings to work. Masojada becomes Lord Mayor as the UK government is searching for ways to boost economic growth, a key goal of Prime Minister Andy Burnham’s agenda. While the Lord Mayor’s one-year role is largely ceremonial, he can draw on his experience of running insurer Hiscox Ltd. for 21 years until 2021 to lobby for the City. His appointment comes as many see financial services firms – many of which sit steps away from the historic Mansion House where he’s based — playing a key role in the UK’s global standing. Masojada plans to project the message that the UK is the “land of opportunity.”