Cass Business School moved to new premises in the London Borough of Islington, and changed its name as part of a strategy formed by Lord Currie of Marylebone, 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 of London. The school also received a gift from Sir John Cass's Foundation, founded in 1748 to educate children in
City, University of London Road in Clerkenwell. Other academic sites are: The Rector of City, University of London, is the Lord Mayor of the City of London ex officio. The day-to-day running of the university is the responsibility of the President. The current President is Professor Sir Paul Curran. City, University of London is organised into five schools: In the financial year ended 31 July 2011, City had a total income (including share of joint ventures) of £178.6 million (2008/09 – £174.4 million) and total expenditure of £183.62 million (2008/09 – £178.82 million). Key sources of income included £39.58 million from Funding Council grants