History
The City of London University Business School was founded in 1966 as part of City University London, which was founded in 1894. The school’s MSc in Administrative Sciences began in 1967 and became the MBA in 1979.
In 2002 the school moved to new premises and changed its name as part of a strategy formed by Lord Currie, who had become Dean the year before, to compete as an international business school in a market dominated by US universities.
The school had previously been spread out across the City of London’s mainly residential Barbican Centre development. Half of the £40 million funding for the new building came from the reserves of City University. The school also received a one-off gift from Sir John Cass’s Foundation.
The school changed its name to reflect the support of the Foundation, which was founded in 1748 to educate children in the City of London. Sir John Cass, whose bequest formed the basis of the Foundation’s funds, was a former Sheriff of the City of London and Member of Parliament for the City.
Currie’s aim was to capitalise on the school’s links with the City of London, whose municipal Corporation had helped establish City University Business School in the 1960s. As well as investing in new premises and programmes, such as an Executive MBA in Shanghai, he introduced performance-related salaries to attract additional staff to Cass
Currie stepped down as Dean after almost seven years in 2007 and handed over to Richard Gillingwater, who joined from the UK Shareholder Executive (UKSE), where he was Chief Executive and then Chairman.
Before joining UKSE, Gillingwater had a long career in the City, including as Chairman of European investment banking for CSFB (now Credit Suisse). In this role he acted as an adviser to the UK government on many projects, which ultimately led to his appointment at UKSE. He was awarded a CBE in the Queen’s Birthday Honours List 2008 in recognition of his services to the financial services industry.
Read more about this topic: Cass Business School
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