News from Cass Business School

London’s shipping Professor receives CBE in Queen’s New Years Honours List

Tuesday, 20 January, 2009

Professor Costas Grammenos, Deputy Dean, Cass Business School, Pro Vice-Chancellor, City University, and founder of the Costas Grammenos Centre for Shipping, Trade and Finance, has been awarded a CBE for services to teaching and research in the Queen's New Years Honours list.
Professor Grammenos first came to prominence on the world stage with the publication of his first text book, Bank Finance for Ship Purchase, which has come to be internationally recognised by academics and practitioners as the key study in its area and has been adopted by most international banks that provide finance to the shipping industry. In 1984 Professor Grammenos founded the world-leading International Centre for Shipping, Trade and Finance (renamed the Costas Grammenos International Centre for Shipping, Trade and Finance in April 2007). Approximately 2100 students, from 90 countries have graduated from the Centre, and many of them are holding leading positions in international banking, shipping and trading, and manufacturing sectors.
Awards such as this are very occasionally granted to people from other countries that have made a significant contribution to relations between the United Kingdom and their own country. Professor Grammenos, a Greek national, was awarded an OBE for his services to the shipping industry in 1994.
Richard Gillingwater, Dean of Cass Business School said This is a fantastic and well deserved tribute to Costas. He has made a huge contribution to the success of Cass, the University and the City of London. His reputation and influence are born out by the significant amount that has been donated, in a little over a year, to endow the Centre in perpetuity. I hope that he will continue his great work at Cass for many years to come.
Vice-Chancellor and President of City University, Professor Malcolm Gillies, also congratulated Professor Grammenos This honour will come as no surprise to those who have had the pleasure, as I have, of working with a tireless, passionate and dedicated academic.
Also recognised in the New Years Honours list were friends of Cass Alistair Clark and David Moorhouse:
Alastair Clark, former Adviser to the Governor of the Bank of England on financial sector issues, who is also a visiting Professor and member of the international strategy board at Cass, received a CBE for services to Central Banking'. Mr Clark spent 36 years at the Bank of England and was a member of the Bank's senior executive team for ten years until his retirement in 2007. He contributed to the development of the Basle Accords, and played an important and extensive role in the Bank's work on financial stability, both research and practice, before that responsibility was transferred to the FSA. Professor Steve Haberman, Deputy Dean at Cass, paid tribute to Mr Clark's contribution by saying that While Alastair was responsible for the maintenance of financial stability, the UK actually had it.
David Moorhouse, Chairman of Lloyd's Register. Mr Moorhouse, who recently received an honorary doctorate from City University, was appointed as Chairman of Lloyd's Register in November 1999 and assumed the additional responsibilities of Chief Executive from May 2000 to July 2007, he has been a non-executive member of Lloyd's Register's Board and a member of the Lloyd's Register Audit Committee since October 1997, he receives a CBE for services to the maritime industry'. Lloyd's Register Educational Trust has been a very major donor to the campaign to endow the International Centre for shipping, Trade and Finance.

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Costas Grammenos, CBE

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