Kyklos London was established by Dr. Gerard Lyons to focus on circular finance and infrastructure funding. It works with clients across global financial centers to unlock bottlenecks to infrastructure funding. Kyklos London provides analysis, validation, accreditation and positioning to help clients secure funding for infrastructure projects from initial planning through to implementation. The company aims to improve global prosperity by addressing challenges around urbanization, developing financial sectors, increasing financial inclusion, and strengthening public institutions.

1. KYKLOS LONDON
www.kykloslondon.com

2. Kyklos London was set up by Dr Gerard Lyons one of the world’s
leading economic forecasters as a specialist group focused on
the circular finance economy. Working in financial centres across
the globe, Kyklos London works with its clients to unlock the
bottlenecks to Infrastructure funding. With its added focus on
pension funds and understanding the need to deliver sustainable
finance, Kyklos London provides robust analysis, validation,
accreditation and global positioning.
Kyklos London is a unique entity, which brings together cross border
experts from different parts of the globe to create innovative funding
solutions for Infrastructure programmes. From helping clients decide
which projects to proceed with, to preparing the ground for investor
compliance to helping clients navigate the labyrinth of funding
arrangements, Kyklos London builds end to end solutions from
blue sky thinking to strategic planning to delivery models to brand
differentiation.
Our goal
Kyklos London is committed to improving global prosperity and
to boosting living standards across the globe. It aims to be at the
forefront of understanding the changing shape of the world economy
in the 21st Century, the implications and to translate this into
executable actions.
Already the 21st century is taking shape and it is clear that this an
era of dramatic change, with traditional economic values being
challenged in Western economies in the wake of the financial crisis.
Western economies have moved from an era of excess seen before
the crisis, followed by an era of austerity in recent years to an era of
uncertainty now.
Meanwhile, emerging economies showed at the time of the crisis
they were not decoupled from events in the West but were resilient,
and were able to cope. Although emerging economies are currently
clearly exposed to global developments, whether it is fall-out from
a stronger dollar or the possibility of higher US rates, they too are
heavily influenced by diverging regional and domestic trends.
Domestic demand and the emerging middle class are becoming
more important as economic drivers. Having awareness of the
combination of global, regional and national factors is vital.
Despite current uncertainties, there are many longer-term economic
and financial drivers that suggest global living standards can
improve in coming decades. Change is evident in many different
ways.
The economic cake is growing
The global economic cake is getting bigger. Data from the
International Monetary Fund suggests the size of the world economy
will likely reach $82 trillion by the end of this year, way above the
$72 trillion seen at the time of the financial crisis. There is significant
technological change. There are huge infrastructure opportunities.
Across emerging economies more people are coming out of poverty
and the middle class is increasing. The growing global economy
creates opportunities, and also challenges.
It is not just the size of the cake that is important, but how it is
divided. The way the global economic cake is changing has huge
significance, and in 2015, for the first time in recent history, the slice
that goes to emerging economies is now over half. How the cake is
divided across the globe creates challenges, as in relative terms the
slice going to Western economies is smaller than before.
How the economic cake is divided within countries is also vitally
important, reflecting the growing focus on inequality. A combination
of factors have combined to see the share of income that finds its
way to workers being squeezed, by a combination of globalisation,
financialisation, technology and a shift in bargaining power. It is not
just the poor that may feel the squeeze. There is also a squeezed
middle in many Western economies, as global concerns about
intellectual property, investment and regulation and moral concerns
about poverty and prosperity attract attention, leaving too little
attention on those in the middle.
Are there enough ingredients to allow the economic cake to keep
growing? This links into environmental issues and macro economic
factors such as the overhang of debt.
Do we have the right instruments to enable the economic cake to
grow? For some countries this will include the need for deeper and
broader financial sectors to translate high savings into increased
investment. Having the necessary institutional factors is an important
aspect of the future.
Then, in terms of the global economic cake, do we know how best
to eat the cake? That is, are behaviours evolving into the right morals
and ethics? This links directly onto behaviours and into the right
regulatory environment for business and markets.
ABOUT US

3. AREAS OF EXPERTISE
In this environment, Kyklos London aims to focus on
the following important future drivers:
Understanding this changing global landscape.
The winners in this global outlook will be those that
play to their strengths, or adapt and change where
necessary, and which understand the changing
outlook. Awareness of the risks is vital, particularly in
a complex geopolitical world. Coming to terms with
the opportunities is also vital. Kyklos London will
provide a regular commentary on the evolving global,
regional and national outlook, and on the implications.
Understanding the interplay between short-term
cyclical and longer-term secular trends helps this
understanding.
How cities and economies should position
themselves to succeed and prosper in this
changing outlook. Urbanisation is having a significant
impact, as seen across regions such as Africa or
economies such as China. Half of global growth
currently comes from the world’s largest 600 cities,
but in the next quarter of a century, this could rise to
two-thirds, yet, at the same time, the constituents of
these largest middle sized and mega cities will change,
with more from across Asia, Africa and Latin America.
Smart cities, able to not just cope, but benefit from
growing populations and allowing living standards to
improve, become central.
The importance of developing financial sectors
and seeing these grow into competitive financial
centres will be very important across many
different counties. For many economies, the next
stage of development will be to see these financial
sectors grow.
Increased financial inclusion. Sharing the spoils of
success is always important, allowing more people to
share in their country’s success, and capping worries
over inequality. One aspect recognised as important
is the potential for increased financial inclusion and
reducing the scale of the great unbanked.
The growing importance of public sector
institutions. Already we are seeing global policy
institutions change and evolve. This will continue.
The G7 may still exist, but it has evolved into the
G20. Alongside this, the Financial Stability Board has
evolved to address common global challenges, while
the Asian Infrastructure Investment Bank (AIIB) has
emerged as a new institution. Understanding and
anticipating how these institutions will evolve is one
aspect, but so too is identifying the institutions that
individual economies will need to develop.
There are many near-term cyclical influences. The
longer-term drivers include economic and financial
influences, soft power, geopolitics, the changing policy
landscape, and the growing importance of economies
such as India and China.
At Kyklos London we address these with regular
commentary available via subscription on the website,
on the global economic, financial and geopolitical
landscape, and with specific and bespoke reports and
analysis to make this relevant in the areas outlined
above.

4. Dr Gerard Lyons is an economist, strategist and
globalist based in London who has immense
international experience in the financial sector and in
providing advice to companies, investors, funds and
policy makers in the UK and across the globe.
He is the Chief Economic Advisor to Boris Johnson,
the Mayor of London, taking up this new role in
January 2013. He focuses on the key economic and
financial issues facing London, has championed the
London Living Wage and policies to position London
in the changing global economy. His first book, ‘The
Consolations of Economics’, on the drivers of the
world economy is a Daily Telegraph Book of the Year
and was released as a paperback by Faber & Faber in
June 2015.
His current roles also include being on the Board
of CityUK, Advisory Board of the pro-reform Open
Europe, Vice-Chair of the 48 Group Club that focuses
on boosting China-UK business ties, Council of the
Royal Society for Asian Affairs, The Committee of The
Hong Kong Association, Advisory Board Grantham
Institute at LSE & Imperial College and Advisory
Board of Warwick University Business School. Gerard
has testified to the US Senate & Congress, UK
Parliamentary Committees & spoken at Davos, the IMF
and other global fora such as the EU-China Summit in
Beijing.
Previously he spent 27 years in senior roles in The City
at Chase Manhattan, Swiss Bank, DKB and Standard
Chartered. He is often cited as one of the most
insightful readers of the global economy, has regularly
topped forecasting polls and the month before the
financial crisis was one of only two UK forecasters
then predicting an imminent deep recession.
ABOUT OUR FOUNDER
Dr Gerard Lyons
Founder & Chief Economist

5. Nicholas Garrott
Nicholas Garrott has several years
experience as an economist in
the financial services industry,
academically and within the UK
Civil Service. He is well qualified
to support Gerard as he has many
years as his personal supporting
advisor.
He has a number of supporting
academic qualifications in
economics, history and politics
that allow him to undertake a broad
base of research topics. Most
recently he co-wrote with Gerard
the influential Europe Report and
has worked on infrastructure
impact studies, investment studies
and policy creation advisory
projects for emerging economies
around the world (including Africa).
Nicholas also has experience with
international investment, regularly
advising UK government bodies on
how to attract flows from abroad.
He is also a recognised expert on
Sovereign Wealth Funds.
Ashish Mishra
Ashish Mishra has over 25 years
of private and public sector
experience working on large-scale
infrastructure projects dealing
in energy with the Oil and Gas
Corporation in India, Retail and
petrol forecourt development, The
United Nations Support Facility
for Indonesian recovery and the
London Development Agency
responsible for delivering an
emerging markets programme with
a budget of £27m.
He has extensive experience of
working with large public sector
institutions as well as public
private partnerships. Ashish is a
Visiting Professor and member
of the Advisory Board at the
Guildhall School of Business and
Law, Chairman of the Ignition
Fund, Royal Holloway University
of London, Lead educational
spokesman on the UK-Indonesia
2030 task force and a member
of the Special Interest Group on
Intelligent Mobility (Innovate UK).
Andy Davison
Andy Davison has worked for the
Foreign & Commonwealth Office
(FCO) as a diplomat for the last
20 years. During that period he
has been posted overseas holding
various roles within Embassies and
High Commissions, focusing on
international trade and investment.
His last international FCO posting
was Nigeria where he was Deputy
Director for Trade and Investment
in Lagos, managing teams in Port
Harcourt and Abuja. Prior to that he
served in India and Ukraine.
For the last 10 years he has
also worked with UK Trade and
Investment (the government’s
commercial delivery mechanism
for overseas trade and investment).
In that time he has have worked
in UKTI East Midlands, Dublin,
Romania as well as Nigeria. During
his last London appointment he
worked for three successive Trade
Ministers as Private Secretary.
James Nolan
James Nolan has a wealth
of experience in the financial
markets, with over 25 years spent
in investment banking, financial
product structuring and sales. He
is a master of this environment
and is well placed with significant
experience of African investments
and international institutions to
help locate, guide and complete a
programme of foreign investment.
Alongside this he has traded and
helped create complex financial
products so is highly capable in
bringing his skills to bear in order to
shape an effective pension backed
bond vehicle.
A SELECTION OF OUR SPECIALISTS Peter Garrott
Peter Garrott has over 30 years
experience of life in the financial
markets.
Peter was the first non-Japanese
trader with Nomura International
and responsible for opening their
trading operation in London. After
spending time in the London
Stock Market as a Partner in a
stockbroker, Peter became a
founding Partner of an international
trading company.
Peter was formerly a Board
Member of The International
Securities Market Association
(ISMA), a Self Regulated
Organisation (SRO) which regulated
and policed the Euro-Markets,
overseeing trading, settlements of
all the securities traded in this huge
market place, as well as enforcing
legislation and discipline on over
430 institutions in 49 different
countries. Peter continues to advise
several significant UK financial
institutions and remains a Director
of a fund management company.
Dr Satish Mishra
Dr Satish Mishra is an Oxford
and Cambridge trained economic
strategist and trouble shooter with
over ten years of high level policy
research, facilitation and advisory
services in Africa across over 20
countries.
Satish’s professional experience
includes high-level assignments
such as the Chief Financial and
Macroeconomic Economist for
USAID and the Chief Economic
Advisor to the Ethiopian
government, providing direct
contribution to thinking about
political and economic transitions
in the East and South African
region.
Satish has a proven track record
of comparative economic research
across Asia and Africa especially
on financial markets and financial
inclusion. His career spans over 30
years with key policy institutions:
OECD, World Bank, UNDP, as well
as governments in Africa and Asia.
Current activities include promoting
investment and expertise from large
Asian economies into Africa and
other developing regions especially
through PPPs.
Dr Vlasios Voudouris
Dr. Vlasios Voudouris is the Chief
Analyst at ABM Analytics Ltd and
an Affiliate Professor at the triple-
crown accredited ESCP Europe
Business School. Vlasios has a
wealth of experience in evidence-
based energy policy, quantitative
analysis and risk-adjusted
investment processes in energy
commodities.
Alongside his work in business,
Vlasios publishes papers in journals
and magazines, reviews papers
for international journals and
organises conferences. Vlasios
is also a member of the editorial
board of the International Journal
of Financial Engineering and Risk
Management and the Editor of the
SI ‘Oil and Gas Prespectives in the
21st century’ at the Energy Policy
journal. Furthermore, Vlasios is the
co-editor of the book Global Energy
Policy and Security published by
Springer.
Layo Yusuf
Layo Yusuf is a finance
development specialist with
extensive experience of working in
Africa and Europe.
He is very knowledgeable across
the accounting spectrum including
corporate treasury management,
risk management, project finance,
appraisal and management,
international tax planning and.
capital restructuring.
Layo is also involved in the
green energy sector developing
innovative projects and systems.
His background includes the
Regional Treasury for West Africa
in the FMCG sector, Corporate
Project Accountant for the
London’s Regional Development
Agency and Financial controller for
a consumer utility company. Layo
is currently the Lead Programme
Director for a project to rebuild
Sierra Leone in a post ebola
environment.

6. KYKLOS LONDON
info@kykloslondon.com