The Lord Mayor of the City of London Professor Michael Mainelli visited the Isle of Man this week for meetings with the government.
As an international ambassador for the UK’s financial and professional services sector, he met with the Chief Minister, Treasury Minister and the Enterprise Minister.
They were joined by the Chamber of Commerce, as well as other Business Leaders, for a working lunch event.
The focus of the meeting was on strengthening relationships, and looking at the opportunity for joint ventures that might enhance the offerings of both the Isle of Man and London in areas like technology, insurance and sustainable finance.
One of Lord Mayor’s flagship initiatives is the development of ethical frameworks for artificial intelligence.
This meant ethical AI was a keen talking point, especially following Digital Isle of Man’s recent launch of their ‘Activate AI’ programme, which aims to bring new products and services to help the community understand and adopt evolving AI technology in ways which will benefit businesses, jobs and the wider economy.
The Chief Minister said: “The City of London is an important and valued partner for the Island’s strong Financial Services industry and we are very pleased for the opportunity to discuss our value to the UK economy and how we can continue to support the British Family’s Financial Services offering.”
The Chief Minister will attend the Mansion House Dinner next month.
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