New City Initiative
Having previously worked in Private Equity Finance, Derek co-founded the New City Initiative (NCI) in 2010. The NCI is a think tank that offers an independent, expert voice in the debate over the future of financial regulation.
The NCI’s core aims are:
- to serve as an independent, expert voice in the debate over financial reform
- to restore society’s trust in the financial sector
- to promote the values and practices of European owner-managed firms which align their interests with those of their clients
- to raise awareness of the positive, stabilising contribution small entrepreneurial firms make to the economy and society as a whole
Today The New City Initiative is comprised of 41 leading independent asset management firms from the UK and the Continent, “managing” approximately £300 billion and employing several thousand people.
Derek also founded the highly successful social mobility internship scheme. The scheme was praised in the Higher Education White Paper in 2010 and since then the internship scheme has grown year on year. Today, the NCI now has partnerships with 7 leading Universities, including Oxford Brookes, Westminster, Thames Valley, City, Leeds Business School and Central Lancaster.
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