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 of London Corporation Corporation also sponsors City Academy, Hackney and City of London Academy, Islington. The City of London controls three other independent schools – the City of London School (for boys), the City of London School for Girls, and the co-educational City of London Freemen's School. The Lord Mayor also holds the posts of Rector of City University and President of Gresham College, an educational institution for advanced study. The Guildhall School of Music and Drama is owned and funded by the Corporation. Writing in "The Guardian", George Monbiot claimed that the corporation's power "helps to explain why regulation of the banks