London has retained its position as the world’s top financial centre according to the latest report by the Shenzhen-based China Development Institute and think tank Z/Yen.
In addition to being the top ranked global financial centre in the world, beating competition from New York, Hong Kong, and Singapore, London was also the only European city to make the top 10. This emphasises London’s place as the most dynamic financial centre on the continent with its nearest challengers being Zurich and Frankfurt.
However, it is important to note that despite retaining the top spot for another year, London was the financial centre which rose the least in terms of rank points meaning that London must continue to innovate in order to remain the top city for the foreseeable future.
The report ranking takes into account 103 different factors with measures provided by organisations including the United Nations, The World Bank, and The Economist Intelligence Unit. In addition, the report is supplemented with 2,340 responses to surveys from finance experts and professionals from around the world.
Our Managing Director Antony Antoniou had the following to say: “We are delighted to see that London has once again topped this prestigious list of financial centres. Despite the uncertainty caused by Brexit, the capital has remained a dynamic and vibrant place to do business with financial services companies still looking to base themselves in Central London. These rankings prove that whatever the results of the ongoing negotiations with the EU, London remains open for business.”
For the full report with detailed analysis on the globe’s leading financial centres, please click here.