The WCIB Lombard Prize was initiated by Alan Moore CBE in the early 1990’s when he was Chairman of the Lombard Association to reward an outstanding student of the City University (now the Sir John Cass Business School) evening MBA Programme. Subsequently the Lombard Association was merged with the Bankers Club which, in turn, formed the core base for the formation of the Worshipful Company of International Bankers. When the Company was formed in 2001 it was agreed that the Company would continue to support the Prize and it was renamed the Worshipful Company of International Bankers Lombard Prize. In 2009 the Court of Assistants agreed that the Lombard Prize should be extended to include the winners of Company prizes at all of the universities and business schools which are affiliated with the Company.
The Prize consists of a sold silver Armada dish, inscribed with the Company and winner’s names, a cheque for £1500.00 and Honorary Membership of the Company for one year. The winner is invited to the WCIB Annual Banquet which was held this year on 27th February 2019 at the Mansion House.
The winner of the 2018 WCIB Lombard Prize, Barrie Ingman had previously won the WCIB Prize in 2018 when he was studying at Cass Business School. His thesis on "The nature, risks, benefits and regulation of shadow banking" was judged the best overall thesis of the winners of WCIB awards at a number of business schools in 2018.