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LONDON FIRST CENTRE APPOINTS NEW CHAIRMAN

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London First Centre, the inward investment agency for London, has ...
London First Centre, the inward investment agency for London, has

announced the appointment of Michael Pickard as its new chairman.

Chairman of London Docklands Development Corporation and an LFC board

member, Sir Michael succeeds Colin Marshall, who has chaired the

agency for four years since its creation in 1994. LFC has assisted

175 companies from 18 countries around the world to locate or expand

in London.

Sir Michael's appointment comes as a result of Sir Colin accepting

the chairmanship of the new London Development Partnership (LDP), the

body that will help prepare the economic strategy for the proposed

Mayor of London.

Sir Colin, who is also chairman of British Airways and president of

the Confederation of British Industry, said: 'Sir Michael has a

strong track record as a leading ambassador for London and one of

Britain's foremost business entrepreneurs. His outstanding

achievements in attracting investment and prosperity to the Docklands

area reflect the highest commitment and vision.'

Sir Michael said: 'I am delighted to be given the opportunity of

chairing this dynamic and extremely effective organisation, which has

been very successful, not only in attracting significant levels of

inward investment to the capital, but also in brokering and driving

valuable partnerships between the public and private sectors.

'This is a decisive time for the future governance and economic

development of London. The government has stated that the new London

Development Agency will build on the work of London First Centre. Our

task now will be to ensure that the momentum gained over the past

four years is maintained and increased.'

Sir Michael's appointment was announced after a meeting of the London

First Centre Board, which was attended by board of trade president Margaret Beckett. The meeting was followed by a discussion led by Mrs Beckett on issues relating to the Labour Yes Campaign, which is urging Londoners to vote in favour of a mayor and assembly for London in the 7 May referendum.

NOTES

1. Michael Pickard has been chairman of LDDC for six years since

1992. The corporation will complete its role on 3O June 1998.

Seventy-five per cent of the new£7.5bn private sector

investment in the Docklands area has been generated

internationally. Sir Michael has had a number of top business

appointments, including managing director of Trusthouse Forte,

executive chairman of Courage and Chief Executive of Sears.

2. London First Centre is a private and public sector partnership

funded by 300 companies through its parent company London First,

the Invest in Britain Bureau (part of the Department of Trade and

Industry), and local partners, including the Corporation of

London, City of Westminster and LLDC.

3. The London Development Partnership, chaired by Colin Marshall,

is represented by a range of London's interests, including

business, local government, higher and further education, trade

unions, tourism, training and voluntary organisations.

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