31 DECEMBER 2011
George Iacobescu Receives Knighthood in the New Year Honours List
George Iacobescu CBE, Chairman and Chief Executive of Canary Wharf Group plc, has been named a Knight Bachelor for services to charity, community and the financial services industry in the New Year Honours list 2012.
Responding to the announcement, Iacobescu said: “This is a tremendous and humbling honour; however it is one that should be shared among the many talented, hard-working and extraordinary people who have made Canary Wharf a success.”
”Canary Wharf is Europe’s largest urban regeneration project of the last 20 years and is now an integral part of London life, part of the City and part of the business and cultural community. We look forward to continuing and expanding our efforts to champion London’s position as the centre of the business world. I am also enormously proud of the work we have done with the local community, which was a cornerstone of creating Canary Wharf as a new business and shopping district. “
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About George Iacobescu
George Iacobescu CBE is Chairman and Chief Executive Officer of Canary Wharf Group plc, an integrated property development, investment and management group of companies.
As Chief Executive Officer since 1997, and previously as Construction Director since 1988, Iacobescu has overseen one of the greatest feats of civic transformation; the development of derelict docks into the 97 acre Canary Wharf business and shopping district in central London.
This has included designing and building more office space in London than any other company in the past 20 years; over 15 million square feet (more than 30 of the UK’s largest office buildings), hundreds of retail units, parks, transport links and community facilities.
Iacobescu was born in Romania in 1945 and studied civil and industrial engineering at Bucharest University. In 1975 he left Romania, then under control of Nicolai Ceausescu’s Communist Party, and emigrated to Canada, escaping through contacts in the West.
In North America Iacobescu worked in the property industry for Homeco Investments then Olympia & York, becoming the head of construction on the Olympia Center in Chicago and the World Financial Centre in New York City, among other landmark buildings.
Iacobescu’s and Canary Wharf Group’s involvement in charity activity has been long and extensive. He is a member of the Board of Trustees of the British Museum, Vice Patron of the Royal British Society of Sculptors and a Companion of the Chartered Management Institute. He is also Patron of Jewish Care and the Community Safety Trust.
He was founding Co-Chairman of Teach First, which encourages university graduates into teaching, a Director of business group London First, and a Director of inward investment agency Gateway to London. He is on the Advisory Board of Financial Services organisation TheCityUK.
In 2010, Iacobescu was appointed by the Secretary of State for Defence to the Defence Reform Unit.
Canary Wharf Group’s charity activity includes the creation of a Local Business Liaison Office, now called East London Business Place, which has helped local SMEs win more than £750m of contracts at Canary Wharf since 1997.
Canary Wharf Group promotes local employment at Canary Wharf through a number of programmes, including joint ventures with London Borough of Tower Hamlets. The Group has provided rent-free office accommodation for many charities and non-profits including the Young Foundation, Medicins du Monde, Teach First, City Gateway, UK Youth, University of East London, Thames Gateway Institute for Sustainability, New Schools Network, London Youth Rowing and the Union of Construction Trades and Technicians. It has an active programme of mentoring and sponsorship in local schools, community groups and sports teams.
Canary Wharf has a world leading free public art programme. The Group won the prestigious Christies International Award for Best Corporate Art Collection and Programme in 2010. Canary Wharf also hosts a large number of events, ranging from elite squash tournaments, to open air music concerts, most of which are free to attend.
Iacobescu holds an Honorary Doctorate of Business Administration from the University of East London and was made a CBE by Her Majesty the Queen in 2003. He was appointed Chairman of Canary Wharf Group plc in June 2011.
About Canary Wharf Group plc
Canary Wharf Group plc (CWG) is an integrated property development, investment and management group of companies.
Canary Wharf has a working population of nearly 100,000 people in a diverse range of sectors for some of the world’s leading companies. It has paved the way for the regeneration of London’s Docklands and one in five Canary Wharf workers now lives in a local East London borough. It has helped London and the City consolidate its position at the centre of the business world.
Following the recent announcement to build a new headquarters for European Medicines Agency at 25 Churchill Place, the Group has plans in place to continue to develop Canary Wharf in the coming years. This will be in parallel with other central London developments such as the Shell Centre on the South Bank (in a joint venture with Qatari Diar) and 20 Fenchurch Street in the City of London (in a joint venture with Land Securities). The Group is currently constructing the Canary Wharf Crossrail station ahead of schedule and on budget, which is ready to receive the Crossrail tunnel boring machines in Summer 2012.
www.canarywharf.com Twitter: @yourcanarywharf
Canary Wharf Group is backing Tower Hamlets’ bid to become the UK’s next city, as part of Her Majesty the Queen’s Diamond Jubilee celebrations in 2012. www.cityoftowerhamlets.com