Sir ''Sir'' is a formal honorific address in English for men, derived from Sire in the High Middle Ages. Both are derived from the old French "Sieur" (Lord), brought to England by the French-speaking Normans, and which now exist in French only as ...

Michael Berry Savory (born 1943) was

Lord Mayor of London The Lord Mayor of London is the mayor of the City of London and the leader of the City of London Corporation. Within the City, the Lord Mayor is accorded precedence over all individuals except the sovereign and retains various traditional powe ...

for 2004-05. Savory was elected to Common Council in 1980 and as an

Alderman An alderman is a member of a Municipal government, municipal assembly or council in many Jurisdiction, jurisdictions founded upon English law. The term may be titular, denoting a high-ranking member of a borough or county council, a council membe ...

in 1996. He served as Aldermanic Sheriff in 2001-02 and Lord Mayor in 2004-05. He is currently Managing Partner of the

Muckleburgh Collection The Muckleburgh Collection is a military museum sited on a former military camp at Weybourne, on the North Norfolk coast, England. It was opened to the public in 1988 and is the largest privately owned military museum in the United Kingdom. Hi ...

in North Norfolk.

Knight A knight is a person granted an honorary title of knighthood by a head of state (including the Pope) or representative for service to the monarch, the church or the country, especially in a military capacity. Knighthood finds origins in the Gr ...

ed in the New Year Honours 2006 for "services to the City of London", Sir Michael was a

City A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be def ...

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks an ...

for forty years and has been Master of two Livery Companies.

Early life

Savory was born in Ayr, Scotland, in 1943. His parents emigrated with him from Norfolk to

Southern Rhodesia Southern Rhodesia was a landlocked self-governing British Crown colony in southern Africa, established in 1923 and consisting of British South Africa Company (BSAC) territories lying south of the Zambezi River. The region was informally kn ...

when he was quite small, but in 1956 he returned to Britain to attend

Harrow School (The Faithful Dispensation of the Gifts of God) , established = (Royal Charter) , closed = , type = Public schoolIndependent schoolBoarding school , religion = Church of E ...

Career

Savory trained as a stockbroker in New York, after which he joined the family firm of Foster & Braithwaite in 1963, where he specialised in research, fund management and corporate finance. In 1967 he became a partner in the firm, and also became a member of the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

. He became joint senior partner of the firm in 1975, and he remained with the firm until 1989, when the firm was taken over by a French company, whereupon Savory joined the

Midland Bank Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836. It ...

, becoming chairman of Stockbroker Services at the HSBC. He retired in 2005.

Other landmarks

Savory is an Associate of the

Society of Investment Professionals A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. Societi ...

, and also a Fellow of the

Securities & Investment Institute The Chartered Institute for Securities & Investment (CISI) is a global professional body for those in the financial and investment profession. It offers a range of qualifications and resources for professional development, as well as setting sta ...

. He was chairman of BT Batsford, book publishers; and of Terrafix land navigation systems; and he was also chairman of ProShare, which promotes financial education.

Work with charities

In 2006, Savory became Chief Executive of

Young Enterprise Young Enterprise is a national charity who specialise in Enterprise Education and Financial Education. Young Enterprise works directly with young people, teachers, volunteers and influencers to build a successful and sustainable future for all you ...

UK which provides enterprise education to schools throughout the country. For over thirty years he had been a member of the Executive Council of the

Soldiers, Sailors, Airmen and Families Association SSAFA – the Armed Forces charity, the Soldiers, Sailors, Airmen and Families Association, is a UK charity that provides lifelong support to serving men and women and veterans from the British Armed Forces and their families or dependents. Anyo ...

(SSAFA). He was also a member of the Council of

The Royal National Mission to Deep Sea Fishermen Fishermen's Mission - the full name of which is The Royal National Mission to Deep Sea Fishermen - is a British charitable organisation founded and run on Christian principles. The mission also welcomes the participation and support of persons of ...

, and also a trustee of the Hull Fishermens Widows and Orphans Fund for many years.

City of London

In 1964, Savory was elected a liveryman of the

Poulters' Company The Worshipful Company of Poulters is one of the Livery Companies of the City of London. In 1368, the organisation received the power to regulate the sale of poultry, swans, pigeons, rabbits and small game. The company, which was incorporated ...

, and he became its Master in 1996. In 1988 he became a liveryman of the

Clockmakers' Company The Worshipful Company of Clockmakers was established under a royal charter granted by King Charles I in 1631. It ranks sixty-first among the livery companies of the City of London, and comes under the jurisdiction of the Privy Council. The ...

, and its Master in 1997. He is a freeman of the

Goldsmiths' Company The Worshipful Company of Goldsmiths, commonly known as the Goldsmiths' Company and formally titled The Wardens and Commonalty of the Mystery of Goldsmiths of the City of London, is one of the Great Twelve Livery Companies of the City of Londo ...

and of the

Gunmakers' Company The Worshipful Company of Gunmakers is one of the 110 Livery Companies of the City of London. The Gunmakers' Company received a Royal charter of incorporation in 1637. The Proof House has statutory duties to regulate the safety of firearms in ...

. He is a past liveryman of the

Information Technologists' Company The Worshipful Company of Information Technologists, also known as the Information Technologists' Company, is one of the livery companies of the City of London. The company was granted livery status by the Court of Aldermen on 7 January 1992, ...

, and past member of the

Guild of Freemen A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen belonging to a professional association. They sometimes ...

and the City Livery Club. Savory was elected to the

Court of Common Council The Court of Common Council is the primary decision-making body of the City of London Corporation. It meets nine times per year. Most of its work is carried out by committees. Elections are held at least every four years. It is largely composed o ...

of the City of London in 1980 becoming an Alderman for the Ward of Bread Street in 1996. He has served on all the principal Committees, and was Sheriff in 2001-2002, Lord Mayor in 2004-2005 and later received a knighthood for his services to the City of London. He was a founding member of the Broad Street Ward Club and served as its chairman in 1981. He was also a churchwarden of the parish church of

St Margaret Lothbury St Margaret Lothbury is a Church of England parish church on Lothbury in the City of London; it spans the boundary between Coleman Street Ward and Broad Street Ward. Recorded since the 12th century, the church was destroyed in the Great Fire of ...

Family

Michael was married in 1992 and has two daughters. His interests include farming and field sports and he owns a large collection of military vehicles, on display at the

, in North Norfolk, which he founded with his father, Squadron Leader Berry Savory, in 1988.

References

{{DEFAULTSORT:Savory, Michael 1943 births Living people 21st-century lord mayors of London People educated at Harrow School Knights Bachelor Knights of Justice of the Order of St John