Who's in and who's out

The energy of London is nowhere more reflected than in the shifting balance of power among its thoughtmakers, trendsetters and leaders. Every week, Gideon Spanier looks at who's in and who's out.

NEW ON THE LIST

FINANCE
NAGUIB KHERAJ, 44
CAZENOVE CHIEF EXECUTIVE
Regarded as the best-known Muslim banker in the City, Kheraj has been recruited to run the Queen's stockbroker JPMorgan Cazenove. It's a surprise the blue-blooded firm has not promoted one of its own high-flyers but Kheraj is still well-connected. Educated at Dulwich College and Cambridge, he is former finance director of Barclays, where he earned £2.5 million a year. The married father-of-one is a top adviser to the Aga Khan, head of the Muslim Ismaili community.

RUNNING LONDON
KIT MALTHOUSE, 42
DEPUTY MAYOR
Malthouse is flexing his muscles in his new role in charge of policing. Leaked emails reveal he has investigated whether the rules governing the appointment of the Metropolitan Police Commissioner can be changed. It's well known the new mayoral team does not see eye to eye with Sir Ian Blair, although Malthouse insists he is not trying to oust him. Liverpool-born Malthouse is a battler, having spent 10 years as a Westminster councillor.

MUSIC
ALISON HOWE, 38
TV PRODUCER
Howe chooses who plays on Later... With Jools Holland, the only music programme still worth watching on TV, putting legends in the same room as up-and-comers who benefit hugely from the respect that comes with inclusion. Howe is bold in her talent-spotting. France's First Lady Carla Bruni-Sarkozy and heavy-metal band Metallica are booked for the upcoming series.

MAKING MOVES

FINANCE
NEIL WOODFORD, 48
INVESCO FUND MANAGER
The head of investment at Invesco Perpetual torpedoed government plans to sell British Energy to French firm EDF at the 11th hour when he said the share offer wasn't high enough. Woodford controls around £15 billion of assets which makes him more powerful than many chief executives. He relaxes by studying military history.

ONE TO WATCH

TV & RADIO
JANE TRANTER, 45
HEAD OF BBC FICTION
BBC drama is enjoying a boom with Tranter's latest commission, House Of Saddam, a biopic of the former Iraqi leader, pulling in decent ratings. She has a huge brief across drama, comedy, films and foreign acquisitions. Tranter is rumoured to have been sounded out by several rival networks.

ON THE UP

POLITICS
DAVID MILIBAND, 43
FOREIGN SECRETARY
The Foreign Secretary emerged as the man most likely to succeed Gordon Brown by setting out his leadership ambitions. He has long been considered a contender for the top job but last year baulked at challenging Brown, worrying about the impact on his family - he has two adopted children. Now his resolve has hardened. The test is whether he has the killer instinct.