City of London veterans this week launched their very own philanthropy club in a bid to encourage young executives to part with their cash for charitable causes.

The brainchild behind the club is former Barclays banker Donald Brydon, chairman of the Lord Mayor's annual charity appeal Pitch Perfect. Brydon, who is also chairman of the Royal Mail Group and Smiths Group, held a variety of senior posts at Barclays Group followed by AXA Investment Managers.