London and New York
It was the Best of Times, It was the Worst of Times

Tuesday 18 November, 2008
Plaisterers’ Hall, One London Wall
City of London, EC2Y 5JU

Photos from the Conference

At the end of the 20th Century London and New York were the dominant centres of the global finance, media and creative industries. Their miraculous renaissance in recent decades surprised both sceptics and rivals.. What lessons can be learned from their success and how sustainable or transferrable is it? Do second-rate infrastructure, spiralling housing costs and financial market turmoil signal the end? What are they doing to respond to these threats and challenges from other global cities?

• One Day Conference
• World Class Speakers
• London and New York respond to the crisis
• Solutions from industry leaders
• Find the silver lining

What Will You Learn

• How London and New York are responding to the crisis and what can be done to ensure that they remain at the forefront of financial services beyond the current turmoil,
• Meet leaders from government as well as international finance and property industry,
• Gain insights on what the current challenges mean for development and investment in London and New York,
• Position yourself and your business ahead of the wave that will transform the two cities.

Who Should Attend

Business leaders, investors, public officials, media commentators, and academics interested in cutting edge research and leadership insights on two of the powerhouse cities of the globalised world.

Join us to debate the critical issues and help shape the future of London and New York to vie for tomorrow with global cities Tokyo, Hong Kong, and Paris, as well as challengers Shanghai, Dubai and Mumbai.

Conference Chairs

Dame Judith Mayhew-Jonas, London Dialogue Chair and Carl Weisbrod, New York Dialogue Chair.

Conference Moderator

Greg Clark, Senior Fellow, ULI EMEA & India

Keynote Speaker

Dan Doctoroff, President, Bloomberg, New York, USA

Programme

07.30.09.00
Registration, Networking Breakfast and ULI Bookstore

09.00-09.10
Welcome by Conference Moderator, Greg Clark, Senior Fellow, ULI EMEA & India

09.10-09.20
Introduction: The London NY Dialogue

Overview of Dialogue project, original 2000 study background and ULI-led 2008 activity, highlights of and goals for the conference.

Dame Judith Mayhew-Jonas, London Dialogue Chair
Carl Weisbrod, New York Dialogue Chair

09.20-09.30
Video Address
Mayor Bloomberg, Mayor of New York

09.30-10.30
Opening Keynote Session: Shaping Tomorrow
London and New York at a Tipping Point



Speaker: Dan Doctoroff, President, Bloomberg, New York, USA

Is the current global financial crisis the end of London and New York’s dominance or can they remerge? Will the future be different? How can we use the lessons learned following the revival of NY and London following the 9/11 and 7/7 attacks to keep these two great cities at the top. What should the two city governments do and what are the city leader’s proposals for action?

10.30-11.00
Coffee Break

11.00-12.00
Parallel Sessions: London and New York: New Insights

Feeding Golden Geese

Both London and New York have boomed as capitals of global finance - but at what risk and price? How has this focus shaped these cities? Have they put too many eggs in a vulnerable basket or are they more diverse than meets the eye?

Speakers:
Tony Travers, Director, Greater London Group, London School of Economics
Rosemary Scanlon, Associate Professor of Real Estate, NYU Schack Institute of Real Estate, New York University

Victims of their Success? Housing—Achilles Heel and Opportunity

It costs more to live in London or New York than just about anywhere else in the world. How can these cities continue to grow when those with key skills can’t afford to live in them? How will this challenge shape their development in the decades ahead?

Moderator:
Paul Finch, Editor, Architects Review

Speakers:
Stephen Howlett, Peabody Trust
Ken Patton, Associate Dean & Director of the NYU Schack Institute of Real Estate, NYU

12.00-13.00
Greed Green Is Good ! Competing With a New Ethos

London and New York share the competitive advantage of high density, public transport. However they also share an ageing building stock compared with cities in the developing world. How are they embracing the green revolution to be more sustainable?

Bob Lieber, Deputy Mayor, New York
Sir Simon Milton, Deputy Mayor, London
Sir Terry Farrell, Principal, Terry Farrell & Partners
Gary Lawrence, Urban Strategies Leader, Arup

Lunch
Supported by the City of London

Afternoon Introduction



Rick Rosan, President, ULI

14.20-14.35
INFOBURST: The Death of Distance—How Technology has Transformed Competitive Advantage

Once thought their undoing, the seamless flow of capital, ideas and information globally has greatly benefited London and New York. How have technologies combined to concentrate and not dissipate their advantage?

Speaker:
Dr Kathryn Pain, Director of Applied Studies, Globalization and World Cities Research Group, Loughborough University, Loughborough

14.35-15.25
Changing Times
The Future of Financial Services

The financial services industry is facing its biggest upheaval in recent years. How will the industry adapt to the credit crisis? Is London and New York’s domination in doubt and which cities are hot on their heels? Following its recovery what changes will we see in the structure of finance and the nature of investment flows and how will London and New York address the challenges and opportunities?

Speakers:
Richard Kibble, Partner, PricewaterhouseCoopers
John Forbes, Real Estate Industry Leader, Europe, Middle-East and Africa, PricewaterhouseCoopers
Stuart Fraser, Chairman of Policy and Resources, City of London Corporation
Lahlou Khelifi, Managing Director, Lazard Freres, Paris
(tbc) Carla Giannini, Managing Director & Head of Europe, Credit Suisse, Real Estate Capital Partners

15.25-15.40
INFOBURST: Bricks and Mortar—the London New York Property Dialogue
Mike Spies, Senior Managing Director, Tishman Speyer

Coffee Break

16.10-16.25
INFOBURST: Plan Ahead!—The London New York Planning and Sustainability Dialogue
Lee Polisano, President, Kohn Pedersen Fox

16.25-17.25 Staying Alive:
What do London and New York Need to Continue to be World Class?

What markets do London and New York need to serve in the 21st century to be successful? What do they need to invest in? Who do they need to be friends with? And what national leadership do they need in order to thrive?

Speakers:
Bob Lieber, Deputy Mayor, New York &New York Dialogue Chair
Dame Judith Mayhew-Jonas, Chairman, New West End Company & London Dialogue Chair
Carl Weisbrod, President, Trinity Real Estate & New York Dialogue Chair
Jos Short, CEO, Internos Real Investors& London Dialogue Chair

17.25-17.35
Chairs’ Conclusions, Next Steps and Conference Close