Frontpage News

Post Archives


Secretary of State for Wales Philadelphia Visit

British American Business Council for Greater Philadelphia

Secretary of State for Wales Philadelphia Visit

Tuesday, February 13, 2018

Drinker Biddle & Reath LLP

Recap

On Tuesday, February 13, 2018 the BABCPHL welcomed the Secretary of State for Wales, the Right Honourable Alun Cairns for an official visit to Philadelphia. Mr. Cairns was joined by two Board of Trade Advisers: former Chairman of Cardiff Airport and Welsh Development Agency, Lord Rowe-Beddoe and the Chief of Staff for Manchester Airport Group, Collette Roche.  This visit was part of a three-day trade mission to Pennsylvania, New York and New Jersey.  The purpose of this trip was to attract American businesses to invest in Wales and build upon an already strong trading relationship between the two nations; the US is the UK’s largest trading partner.

Under Chatham House Rules, Mr. Cairns candidly spoke with a select group of BABCPHL member companies at Drinker Biddle & Reath LLP’s board room overlooking the Benjamin Franklin Parkway about: UK trade policy; Brexit; UK politics; reasons for investing in the UK; and the new industrial policy that was just released. In addition to speaking with a select group of BABCPHL members during this exclusive lunch, Mr. Cairns, Lord Rowe-Beddoe and Ms. Roche also met with companies operating across various industry sectors throughout the tristate region.

The Right Honorable Alun Cairns was appointed Secretary of State for Wales on March 19, 2016. He was elected as Conservative MP for the Vale of Glamorgan in May 2010, and re-elected in 2015.  Mr. Cairns attended the University of Wales and has a Master’s Degree in Business Administration.  His extensive political career includes: Parliamentary Under Secretary of State for Wales and a Government Whip from July 2014 to March 2016; appointment to Parliamentary Under Secretary of State in the Wales Office in 2014; election as MP for the Vale of Glamorgan 2010; and election as Assembly Member to the Welsh Assembly in 1999.  Before being elected to the Welsh Assembly, Mr. Cairns worked for Lloyds Bank for more than 10 years, mostly in business development, with his last role in financial services compliance.  Mr. Cairns lives in his constituency with his wife and their son.  His father was a welder in British Steel and his mother was a shop-keeper.  He enjoys running and has completed four London Marathons in aid of local charities.  He was the fastest MP to complete the 26 mile course in 2015!

It’s a good thing Mr. Cairns is a runner because as Secretary of State he is accountable for quite a lot, especially during this time of great change. The Secretary of State for Wales is responsible for the overall strategic direction of the Wales Office.  Mr. Cairns’ responsibilities include: overall strategic direction; constitutional and electoral issues; economy and business; budget; infrastructure; foreign affairs; steel; Swansea City Deal/Tidal Lagoon; North Wales Growth Deal/North Wales transport modernization; broadcasting; and exiting the EU.

We find ourselves at a crossroad of major change to the geopolitical landscape. We are pleased Mr. Cairns and his team selected Philadelphia as an important stop on their trade mission itinerary.  The candid discussion and open dialogue was an outstanding opportunity to learn from an insider about what to anticipate post-Brexit.  The Secretary of State wanted to hear from regional business leaders about their questions and concerns regarding UK/US trade.

Special thanks to Ross Allen, Director, Department for International Trade, North America and Deputy Consul General in New York, Department for International Trade, British Consulate-General New York for collaborating with us on this important visit, and to Jason Gosselin, BABCPHL Secretary and Club Level Member from Drinker Biddle & Reath LLP for hosting the meeting.

Click here for photos.


2018 Global Connect Recap

Global Connect
Thursday, January 25, 2018
5:00 – 7:00 p.m.
1313 Innovation Center, Hercules Plaza, Wilmington, DE
Recap

On Thursday, January 25, 2018, the British American Business Council of Greater Philadelphia partnered with the Asian, Chilean, French, German, Irish, Norwegian, Israeli, Russian and Swedish Chambers of Commerce as well as Select Greater Philadelphia and the World Trade Center of Delaware for a tristate area networking event. The program focused on start-ups and entrepreneurial ventures. More than 150 tech professionals and global business leaders participated. Internationally minded executives with operations in Delaware, New Jersey and Pennsylvania thoroughly enjoyed the dynamic evening of networking, noshing and professional growth. Start-ups brought corporate promotional materials for display and to showcase their business objectives. Business cards were exchanged and new valuable global connections were made.

This international event was held in the lobby of Hercules Plaza, home to 1313 Innovation. Founder, Paul McConnell, is a BABCPHL Club Level and Board Member. A few years ago Paul saw a need to build the entrepreneurial community in Wilmington, Delaware and beyond. “There was some startup activity in the City, but we knew it could be so much more” stated Paul. By June 2014, 1313 Innovation was launched, offering more than 10,000 square feet of co-working space, networking, and educational opportunities. 1313 Innovation’s mission is to enrich Delaware’s business community by being the most groundbreaking resource for professionals and students. 1313 strives to connect business leaders, and universities to transform Wilmington into the epitome of innovation. They support the development of its members in their roles as business leaders mainly through local and national networking, strategic alliances and partnerships in education. Our group was honored to help Paul and his team meet their mission through collaboration on this global program.

Paul and his team at 1313 Innovation and McConnell Johnson Real Estate, LLC graciously hosted our group. Event sponsors also included: 1776/Benjamin’s Desk; Bartlett & Company; The Fun Department; and the University of Delaware. The event involved executives from a wide range of industry sectors, and businesses with operations in the three states and the across the world. After brief remarks from BABCPHL President Michael Pedrick, sponsor introductions, and an entertaining “Who’s Who” ice breaker game led by The Fun Department, guests networked and continued to mix and mingle long after the event officially ended.

Sincere thanks to all sponsors and partners. Click here for photos.


A Musical Adventure in the British Isles Recap

A Musical Adventure in the British Isles
Thursday, January 18, 2018
6:00 – 9:30 p.m.
The Kimmel Center, Philadelphia
Recap

On Thursday, January 18, 2018, the BABCPHL partnered with the Philadelphia Orchestra on a very special event in honor of the Orchestra’s three-week British Isles’ concert series. More than 30 BABCPHL members and friends gathered at the Kimmel Center for a VIP behind the scenes tour; a meet and greet with Philadelphia Orchestra musicians; and reserved seats for the concert.

Geoff Cohen, Associate Director of Audience Development for the Philadelphia Orchestra welcomed BABCPHL guests and led our group through an informative discussion and tour of the awe inspiring building, built to ensure sound quality. Our group stood on the Verizon Hall stage at three different points throughout the evening.  We also explored behind the stage where we saw the microphones, instruments, shipping containers, offices, and dressing rooms.  After the tour we were joined in the Green Room by Matthew Loden, Interim Co-President; David Kim, Concertmaster; and Philip Kates, Second Violinist for the Philadelphia Orchestra.  Matthew, David and Phil spoke with BABCPHL event participants about the Orchestra, and educated us about fascinating facts.  Did you know the Philadelphia Orchestra is the most recorded orchestra in the world, and out of approximately 100 musicians, average musician tenure is about 20 years.  Philadelphia Orchestra musicians are so talented and in sync with one another that when presented with a new program, if necessary, they can be performance ready after only one rehearsal.  The Orchestra is fortunate to own Stradivarius violins from the 1700s, worth millions of dollars.  Some of the musicians play these instruments on stage during the concerts.

During the dynamic question and answer session with the musicians, we were informed there was a special treat in store for us – a bagpipe serenade. Police & Fire Bagpipers were performing with the Philadelphia Orchestra in memory of Lt. Matthew LeTourneau, and the BABCPHL was lucky to have a preview of the performance before the actual concert began.  Before dismissing our group, Michael Pedrick, BABCPHL President thanked our hosts Geoff and Matthew and the musicians David and Phil for the dedicated time they spent with us.  While Orchestra members left to prepare for the concert, BABCPHL guests were encouraged to have a bite to eat and a drink at the PECO Concession Stand or Volver Restaurant, both housed in the Kimmel Center.

Verizon Hall filled quickly as people began to arrive for the concert conducted by Yannick Nézet-Séguin, the inspired leader of The Philadelphia Orchestra. The January 18th concert featured two soloists and pieces by Peter Maxwell Davies, Bruch and Mendelssohn. Juliette Kang, Canadian violinist, who was appointed first associate concertmaster of the Philadelphia Orchestra in 2005, had a solo.  She received a standing ovation for performing Bruch’s fantasia of traditional folk songs from the Highlands and beyond.

The BABCPHL was truly honored to partner with the Philadelphia Orchestra for this wonderful musical adventure in the British Isles. Special thanks to the Orchestra for working with us to offer our members and friends this unique opportunity.  For more information about the Philadelphia Orchestra, and to purchase tickets please click here.

Click here for photos.


President’s Letter

Dear BABCPHL Members and Friends,

Happy New Year! I hope 2018 is off to a great start. I am pleased to report the BABCPHL closed the last quarter of the calendar year with educational forums featuring leading business executives who discussed timely topics such as cybersecurity and Brexit. In December we were joined by Mayor Kenney in welcoming the new Consul-General, Antony Phillipson to Philadelphia during our signature annual holiday luncheon.

During the coming weeks and months we are executing more than a half dozen programs related to pressing global business matters; young tech entrepreneurs; and UK cultural events throughout our region. While the majority of our programs are business oriented, we offer British culture and entertainment related activities as well. All BABCPHL events are valuable opportunities to meet members, network across sectors, and showcase your business or service offerings.

It is our job to promote the trade and investment relationship between the UK and the Greater Philadelphia region. Our Chapter’s jurisdiction includes Southeastern Pennsylvania, Southern New Jersey, and the State of Delaware. Within this geography we are honored to work closely and to collaborate with regional and UK government officials, and other international institutions.

As you read through this newsletter you will find a recap of our recent past activities and upcoming events in which our members may participate, as well as feature articles published by or about our members. We look forward to seeing and hearing from you often this calendar year.

Sincerely,

Michael J. Pedrick
President, British American Business Council of Greater Philadelphia


2017 Signature Annual Holiday Luncheon

On Thursday, December 7, 2017, the British American Business Council of Greater Philadelphia (BABCPHL) hosted our signature annual holiday luncheon in the Grand Ballroom at the Ritz Carlton. The room was abuzz with networking and merriment. We are proud to offer the international business community this opportunity to create valuable relationships and learn current information about pressing global issues related to the UK before the end of each calendar year. This year’s program featured the Honorable Jim Kenney, Mayor of Philadelphia and Her Majesty’s Consul General & Director-General of International Trade for North America, Antony Phillipson. More than 150 international executives and leading UK and regional government officials attended the event.

Michael Pedrick, BABCPHL President opened the meeting and welcomed special guests and keynote speakers. He introduced Mayor Kenney who was eager to take the stage. Mayor Kenney spoke about UK investment in the region and the City’s commitment to UK business ties. He lauded the BABCPHL for our efforts and introduced Consul General Phillipson.

Mr. Phillipson assumed his position in mid-November, and this was his first official trip to Philadelphia. Previously he was Director for International Agreements and Trade in the Department for Exiting the European Union. Antony joined the Civil Service in 1993 and began his career in the Department of Trade and Industry where his posts included Private Secretary and then Principal Private Secretary to the Secretary of State. After four years serving as a Counsellor (Global Issues) in the Embassy in Washington, he was the Prime Minister’s Private Secretary for Foreign Affairs (2004–07) and also was Head of the Iran Coordination Group in the FCO. In April 2011 he was appointed as High Commissioner to Singapore. He returned to London in April 2015 as Director (EU External) in the European and Global Issues Secretariat in the Cabinet Office. As Consul General, Antony will lead the Government’s work promoting UK economic, commercial, political and consular interests in New York and the surrounding area. As Head of International Trade in North America, Antony will lead trade and investment promotion and trade policy throughout the North American region.

Antony assumes his new position at an important time, with the total UK-US trade in goods and services worth more than $200 billion annually supporting more than a million jobs on each side of the pond. The US and UK are each other’s largest foreign direct investors and trading partners. During the BABCPHL lunch Antony addressed topics pertaining to the UK-US economy; the UK-Philadelphia and UK- Pennsylvania economic relationship; and provided a Brexit update. Antony noted the UK is the number one European market for Pennsylvania exports. There are more than 1,550 UK-owned companies that provide more than 53,000 jobs in the Commonwealth. And he explained the current climate and goals regarding Brexit, notably, the UK’s goal is to create a “partnership with the EU to reflect the kind of mature, cooperative relationship that close friends and allies enjoy.” Antony said this new relationship with the EU will be “one that will deliver prosperity and security for the people of the UK, as well as the people of the EU in the future.” Lastly, Antony recognized some of the larger British employers in Philadelphia including sponsor companies HSBC Bank and the Almac Group.

Special thanks to BABCPHL 2017 Holiday Lunch headline sponsors, without whom this program would not have been possible: HSBC Bank USA, N.A.; Morgan, Lewis & Bockius LLP; United Airlines; Almac Group; Deloitte LLP; and The Department for International Trade. Following a delicious lunch, George Tiger, Vice President of Global Business Development for Almac Clinical Technologies; Phil Nuttall, Senior Vice President and Wealth Sales Manager for the Mid-Atlantic Region at HSBC Securities; and Linda Harding, Key Account Manager for the UK for United Airlines, spoke about their companies and connections to the UK.

It would not be a BABCPHL holiday event without some fun and good cheer. Almac Group generously sponsored a Bushmills whiskey tasting, featuring Bushmills Original Irish Whiskey; Red Bush; and ten-year old Single Malt Whiskey. Christmas crackers were popped, paper crowns were donned, and Howard Silverstone, BABCPHL Programs & Events Chairman was the Master of Ceremonies for our coveted gift giving tradition. Our program concluded with nearly 20 raffle prizes given to lucky business card draw winners from local retailers, restaurants, hotels and sports teams, including two United Airlines roundtrip Polaris Business Class tickets to/from US48, Alaska, Hawaii, Canada, Mexico, Central America, Caribbean, and Europe.

Holiday time is about giving, and the BABCPHL is proud to be involved with the local community. A portion of proceeds from this annual event will be donated to the Philadelphia Youth Network (PYN) Work Ready Summer Program. PYN is an intermediary organization dedicated to equipping young people for academic achievement, economic opportunity and personal success. The Group coordinates and supports large-scale, cross-sector initiatives while developing targeted programs to expand access to services for underserved youth.

Best wishes for a happy, healthy and prosperous holiday season. We are thankful for your support and look forward to seeing you in the New Year.

PHOTOS

PRESS


Brexit & the New Geopolitical Order – Moving Forward, Charting the Economic Relationship Between the UK, EU and the US

On Thursday, October 5, 2017, the BABCPHL hosted a Brexit update seminar. Attendees included members of the British, German, Italian and Swedish Chambers of Commerce, the World Trade Center of Delaware, and the New Castle County Chamber of Commerce. The event was sponsored by BABCPHL Club Level member, McConnell Johnson Real Estate. Networking and the panel discussion took place in the Atrium at the iconic Wilmington landmark building – Hercules Plaza.

Emanuel Adam, Director of Policy & Trade, BritishAmerican Business, who is based in the London office, joined the BABCPHL in Wilmington to moderate the Brexit discussion. Emanuel develops and executes the BritishAmerican Business’ policy advocacy and trade and investment portfolio for British American Business Council (BABC) chapters throughout the world, representing 2000 member companies in the US and the UK. His current key engagements include Brexit negotiations between the UK and the EU and, in this context, the future trade and investment relationship between the UK and the US. He regularly publishes articles, and represents the network and its members in the media. Emanuel was the perfect moderator to lead the more than 50 global professionals who participated in the BABCPHL Brexit seminar through this timely discussion. He commented about the historic relationship between the UK and the US. The countries are each other’s strongest allies, and both the UK and the US are champions of free trade. Emanuel mentioned the UK is committed to addressing global challenges and its willingness to build on the foundations established within a successful EU. He spoke on behalf of the BABC network, and said we will continue to advocate for an outcome that best serves the UK, US, and the EU economies, its citizens, and our businesses, many which operate daily across borders. As companies continue to assess the impact of Brexit to the UK’s attractiveness as a destination for business and investment, it is crucial that parties continue to engage in a constructive and on-going dialogue with the business community, and deliver the best possible Brexit outcome available.

After providing a brief summary of the topic, Emanuel introduced the first speaker – Freya Jackson, Counsellor and Head of the Global and Economic Policy Group at the British Embassy. Freya joined the Embassy team in July 2016. She leads the Embassy’s teams covering a wide range of issues including trade, investment and economic policy, environment and energy, transport and science, research and innovation. Prior to this role, Freya led the Foreign Policy Team in the National Security Secretariat of the UK’s Cabinet Office (NSC equivalent). Before that, she was the Senior Foreign Policy Adviser during the UK’s Presidency of the G8 in 2012. From 2007 to 2011, Freya led the Climate Change and Global Economy negotiating team in the UK’s Mission to the United Nations in New York. Prior to that, Freya worked as the Head of Nuclear & Missile Defense Team for the Security Policy Department, and at various assignments with the FCO across the globe including Buenos Aires, Casablanca, and Mumbai.

Freya spoke about how Brexit came to be, and what potential scenarios lay ahead with respect to negotiated trade deals and the “new world order” the Brexit will create. She commented on Prime Minister Theresa May’s speech in Florence, delivered on September 22, 2017, and explained the UK will seek to establish a transition period of implementation after Brexit. This period will minimize disruption to business during an agreed upon time frame, therefore avoiding a “cliff-edge” scenario. This arrangement will be crucial to our community, and includes major American investors and leading British firms. Freya talked about how we ended up where we are now; touched upon Article 50 being triggered; and mentioned that four rounds of negotiations with the EU have already been completed. Currently the UK is determining how they are going carry out the Brexit. “A few things are clear – the UK plans to: (1) take care of their citizens; (2) protect the Belfast Agreement; (3) protect the rights of EU citizens; and (4) budget – the UK is expected to pay their way.” Freya carefully explained there are two sides of the equation – the economic side and the societal side. Regulatory standards are high, and custom built dispute regulations will need to be established. From a security standpoint, the UK doesn’t want anything to change; the UK would like to continue to support freedom of movement, and access to global markets.

Andrea Montanino, the C. Boyden Gray Fellow on Global Growth and Finance, and the Director of Global Business & Economics Program at the Atlantic Council focused on the transition from multilateral to bilateral trade agreements; geopolitical issues; and what all of this will mean for labor and trade. Andrea leads the Council’s work on global trade, growth, and finance. He formerly acted as executive director of the International Monetary Fund (IMF), representing the governments of Italy, Albania, Greece, Malta, Portugal, and San Marino. Before joining the IMF, he was a career officer in the Italian Ministry of Finance from 2006 to 2012. As director general at the Treasury Department, he worked extensively to alleviate the impact of the great recession on the business sector, drafting and implementing a number of laws. He also spent four years (2001-2005) at the European Commission in the Directorate General for Economic and Financial Affairs. During those years, he worked on the reform of the EU budgetary rules and was responsible for the long-term sustainability analysis of European countries.

Andrea’s expertise perfectly positioned him to explain how looking at what happened with Greece and the “Grexit” is an important example of how to proceed. The world should take away four lessons learned from the Greece experience: (1) Brexit is a very complicated matter and leaders need to be creative and imaginative to solve the problem; (2) due to the complex nature of the situation, sufficient time is required for a positive outcome; (3) both sides need trust and confidence in the other party; and (4) strong political leadership is key.

After Andrea’s comments about the best case scenario of how to proceed with Brexit, Howard Kass, Vice President of Regulatory Affairs for American Airlines, who oversees American’s regulatory compliance, policy development, corporate security and international affairs and works closely with regulatory authorities in Washington, D.C., and around the world, spoke about how Brexit will impact business, specifically the aviation sector. Howard joined US Airways in 2003 as a director and associate general counsel and most recently was vice president, legal and government affairs for the Airline. Before joining US Airways, Howard worked for the Transportation Security Administration, where he held deputy director and director positions. Prior to the TSA, he was a senior associate with the management consulting firm Booz, Allen, Hamilton in McLean, Virginia. He was also a consultant with GKMG Consulting Services where he advised airport and transportation industry clients on Department of Transportation and FAA regulations. During Howard’s presentation he explained how the aviation industry will be affected by Brexit.

Howard focused his discussion on what needs to happen for a smooth transition to ensure minimal disruption to supply chains, transport of people and goods, and global regulations. He explained the interesting challenges Brexit poses, especially for the airline industry, in which travel plans are made at least one year in advance. Aviation is extremely engaged in Brexit discussions. Separate agreements between the UK and US and the UK and the EU will need to be negotiated to ensure people and goods can continue to fly across borders. Brexit poses both political and philosophical challenges.

Currently there is still a great deal of uncertainty. Brexit is unchartered territory, and the UK exit from the EU is forcing the world to rethink future global relationships. Europe will be redefined, and leaders will need to focus on the important relationships between trade groups and companies of all sizes, including a special focus on small and medium sized enterprises. Despite the current ambiguity of the situation, attendees were actively engaged in the seminar, and asked a series of questions after the panelists’ presentations. As Brexit continues to evolve, it is clear that creativity, time, trust, and strong leadership are the way forward.

The BABCPHL extends special thanks to event sponsors without whom this program would not have been possible: 1313 Innovation, American Airlines, Atlantic Council, and McConnell Johnson Real Estate.

Click here for photos


Cybersecurity – Protecting the Crown Jewels of Your Business

On Tuesday, September 26, 2017, the BABCPHL hosted a cybersecurity seminar outlining the threat landscape; presenting the mitigation responses; and discussing the complexities of the topic. Technology is both a blessing and a curse, and cyber criminals do not need visas or passports to travel between countries.  Cybercrime permeates the globe, and humans are the weak link.  Social engineering plays a big role in the cybercrime equation.  More than 50 people from the British, French, German and Italian Chambers gathered for this dynamic discussion at the Chamber of Commerce for Greater Philadelphia.

Dr. Robert D’Ovidio, Associate Professor in the Department of Criminology and Justice Studies and an Associate Dean in the College of Arts and Sciences at Drexel University, framed and introduced the subject matter. “Online safety is a very complex problem, and it is highlighted by the diversity of the people engaged in using the very technology.”  Rob explained no comprehensive solution exists to protect businesses and people.  Companies and individuals must have responsible environments and promote dialogue about conscientious behaviors.  He set the stage for each of the panelists to discuss what constitutes a breach notification; the importance of prevention plans and education; the current risks; and the variation of laws and standards depending upon jurisdiction.  To kick things off, Rob asked Larry Hershman, Partner at Black Cipher Security to lead the audience through a two minute split screen user/hacker example.  Watching silently, attendees squirmed and blood pressures rose.  The dramatic hacking demo showed just how sneaky a cybercriminal can be, posing as a helpful security measure update, when in fact they are anything but that.  Hackers often rely on social engineering to gain access to valuable data without the compromised individual ever even knowing their information was breached.  This visual example showed how easy, quick, and simple a cyberattack can be executed.

In addition to walking the audience through the hacking demo, Larry talked about the types of cyber threats that are currently out there. He discussed what can be done to mitigate risk, and how to manage complex digital forensic and data breach investigations. Mitigation includes five steps (1) determining if what happened is an incident or a breach; (2) containing it; (3) eradicating it; (4) restoring information; and (5) comprehending lessons learned. Larry also focused his discussion on personally identifiable information (PII); how it is regulated; and the latest tools and techniques available to protect data.

Dan Castle, Information Protection Director at Cigna focused on identity and access management (IAM) – ensuring the right people have the right access to the right systems for the right reasons at the right time. Dan explained IAM is a core business function, not a technical one.  Entitlements are generally grouped into roles, and individuals are not granted entitlements directly, but rather through roles.  These roles need to be managed as employees join, move within, or leave an organization.  The challenge of being globally consistent while also regionally respective is tricky to navigate.  Dan described the area of IAM as complex in nature.  Much depends upon how well educated the users are; who has access to what information; and how data is stored and secured. Multi-factor authentication (MFA) has to be the way forward.

Michael Davis, Principal at Ernst & Young LLP focuses his practice on integrating cyber solutions and controls into business processes and technical operations for life sciences and health care industry clients. Michael laid the groundwork for his discussion by explaining how companies need to start by identifying what is most important to protect, and understanding how regulations and compliance mandates are addressing cyber risk.  Michael stated, “People are the weakest link.  Attackers, while sophisticated, are lazy.  They go for the easiest targets.”  The financial services industry, buying and selling credit card information for example, used to be the easiest group to hit.  Currently, the health care industry is a soft target.

Criminals target an individual within an organization to stealthily capture third party information, and then use very basic internet research skills to obtain additional details about a person. For example, cyber attackers steal personal information such as name, social security number, email and mailing addresses, etc. and then do a comprehensive search of social media and other sites where people willingly give away their identity, including things like children’s and pet’s names, to round out a person’s identity.  If an individual’s personal healthcare record falls into the wrong hands, the aforementioned personal data isn’t the only information obtained.  Now medical issues, such as diseases, medications taken, etc. are in the hands of an unauthorized individual.  A breach can suddenly turn into a question of life and death if a medical record is altered, and a wrong prescription is filled, and administered.

Presenters provided extremely valuable information, and painted a truly alarming picture of the threatening landscape we all traverse on a daily basis. Cybersecurity is undoubtedly a global top of mind issue affecting individuals, companies of all sizes, and every industry sector throughout the world – no one is exempt.  Before inviting audience questions and answers, Rob ended the presentation portion of the seminar by asking each panelist what keeps them up at night.  Michael said the speed at which everyday life is being integrated with technology.  Dan said the internet of things – technology creating a trail.  And Larry said the lack of awareness and understanding that everyone is a target.  Every person in the room left the seminar with the clear realization that cybersecurity must be at the forefront of business practices as modern technology continues to evolve and develop.

The BABCPHL extends special thanks to event sponsors without whom this program would not have been possible: Black Cipher Security, Cigna, Ernst & Young LLP, and the Welsh Government.

Click here to view photos

Click here to read E&Y’s Article: When Privacy is Not Something to Keep Quiet About


New British American Business Council head hopes to enhance local ties with the U.K.

After spending much of his career handling cross-border deals, Morgan Lewis & Bockius partner Michael Pedrick has been appointed president of the British American Business Council of Greater Philadelphia (BABCPHL).

Pedrick, a founding member of the organization, will serve a two year term. During that time, he said he hopes to provide key programming for local businesses on hot topics such as Brexit while also spreading the organization’s reach.

Pedrick, a New Orleans native, joined Morgan Lewis in 1988 and represents borrowers in financing transactions and corporate clients in strategic acquisitions and internal restructuring. Many of his transactions are cross-border in nature, with a good number of clients either emanating from the United Kingdom or U.S companies seeking to do business there.

Pedrick has been involved for about 15 years with BABCPHL, which is one of 22 chapters in the United States, United Kingdom and Canada. He said membership includes over 250 companies and individuals that have businesses in the region.

There are “club level” members offered by invite only to companies interested in a more committed relationship with the organization. They include law firms Drinker Biddle & Reath, Duane Morris, Morgan Lewis and Pepper Hamilton, TD and HSBC banks, American Airlines, United Airlines and Virgin Atlantic Airways, Cigna and all of the Big Four accounting firms.

Pedrick said he met with Philadelphia Commerce Director Harold Epps and the department’s Director of International Investment, Lauren Swartz, to discuss how he can work with them to facilitate more business activity with U.K entities.

“I met with them so if they have something that requires recruiting a U.K. business, we will work with the city and state to help those businesses understand the atmosphere here,” Pedrick said.

The U.K. is the fourth-largest trade partner with Pennsylvania, behind Canada, Mexico and China — a statistic that mirrors many other states. Pedrick said the biggest industry sector in the U.K. is chemicals and two-thirds of the businesses are small or midsized.

“The sectors really match up well with Philadelphia and its strengths,” Pedrick said. “Life sciences, education, chemicals. It’s very tech oriented.”

Swartz said the U.K. is also the foreign country with the largest number of companies and employees in this region. drug companies GlaxoSmithKline and Adaptimmune both have significant operations in Greater Philadelphia.

More recently, Frank Recruitment Group, a British staffing firm focused on tech jobs, signed a five-year lease last year to take a 21,300-square-foot office at 1801 Market St. and said this summer that it was nearly halfway toward meeting its goal of creating 250 local jobs.

U.K. sandwich chain Pret A Manger expanded into Philadelphia for the first time this summer when it opened two locations at the University of Pennsylvania.

The latest entry into the market is Shout Digital, a digital marketing firm founded in 2009 that recently opened offices in One Liberty Place.

There are also U.S. companies expanding into the U.K. market. In May, Center City-based startup Curalate, which creates software that links brands’ online visual content to points of purchase, announced it’s officially launched a U.K. arm to take advantage of the growing demand it is experiencing in Europe.

At Philly Tech Week last May, BABCPHL held its annual “Uber and Out” discussion on tech in the region and how U.K. businesses play a role in its growth.

BABCPHL has two events coming up in the coming weeks. One deals with global cyber security issues and the other explores the future economic relationship between the EU and the UK, including strategic direction; steps toward Brexit; legal implications; and employment and data protection/privacy laws.

Read Full Article


President’s Letter

Dear BABCPHL Members and Friends,

I am honored to officially communicate with you for the first time as President of the BABCPHL. While I have served in various Executive Committee roles and on the Board of Directors for more than a decade, I am pleased to assume this new leadership position.

BABCPHL closed the books on an excellent fiscal year at the end of June. Our second quarter century of operations and success in the region is well underway. But the key to that continuing success is making sure the BABCPHL is providing value to you, its members. We want to hear from you! Please tell us how we can best serve you and the interests of your company. Is there a pressing issue or topic related to UK-business you would like us to present? Are you a member and would like an opportunity to participate more fully? Are you are not currently a member and might like to join but don’t know the next steps? Contact us with questions or comments: www.babcphl.com

While the summer is often a quiet time, the BABCPHL was very productive. We launched our new logo, published our annual membership directory, hosted a few programs, and planned our new fiscal year activities. Upcoming BABCPHL events include seminars about pertinent subjects such as cybersecurity and Brexit, and of course, our signature holiday program. Read on to learn more.

I look forward to working with you to promote the trade and commercial relationship between the Greater Philadelphia region and the UK.
Sincerely,

Michael J. Pedrick
President, British American Business Council of Greater Philadelphia


Summer 2017 International Business Networking Reception

Summer 2017 International Business Networking Reception

On Wednesday, July 26, 2017 the British American Business Council of Greater Philadelphia (BABCPHL) partnered with the Asian, French, German, Hispanic, Irish, Israeli, Italian, Russian, Norwegian, and Swedish American Chambers of Commerce for the Seventh Annual Summer International Business Networking Reception. Nearly 300 global business executives gathered at the National Museum of Jewish History for this annual meeting of the who’s who of international relations in the Greater Philadelphia region.  Councilman At-Large, David Oh was the featured speaker.

Councilman Oh began his remarks by referencing a recent injury he had suffered when returning to his Philadelphia home after a long night at work. He spoke about motivation and spirit, and how he was inspired to return home from the hospital after seeing his children’s reaction to his injury.  He then related this to the City of Philadelphia, and how the region has recently enhanced its international trade presence.  Councilman Oh credited this to the cutting-edge businesses, organizations like the International Chambers of Commerce, and people within the City of Philadelphia, and explained how they are the driving force of advancement.  He acknowledged the twelve participating Chambers, and noted organizations like these are what stimulate the Mayor’s Office to become a larger player in the international business arena.  Councilman Oh closed by thanking all in attendance, and offered an invitation into his office for anyone with any suggestions or ideas they may have, adding, “if you do not push us, we will not come together.”

Special thanks to the Chilean Chamber for organizing such an important program for the international business community and to event sponsors: Aramark, DRS, Fox Center for International Business & Research, Klasko Immigration Law Partners, Santander, and Wouch Maloney & Co. LLP.

View photos HERE.

 

↑ back to top


The BABCPHL recognizes our Club Level Members:

  • American Airlines
  • Bartlett
  • Cigna
  • Deloitte
  • Drinker Biddle & Reath LLP
  • Duane Morris
  • Ernst & Young
  • HSBC
  • KPMG
  • McConnell Johnson Real Estate
  • Morgan Lewis
  • Law Firm of Pepper Hamilton
  • PriceWaterhouseCoopers
  • TD Bank
  • United Airlines
  • Virgin Atlantic