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london retains place as worlds best financial

By International Adviser, 25 Mar 13

London has retained its position as the world’s best international finance centre, according to the 13th Global Financial Centres Index published today.

London has retained its position as the world’s best international finance centre, according to the 13th Global Financial Centres Index published today.

The study, which is conducted by the Z/Yen Group and sponsored by the Qatar Financial Centre Authority, rates 79 financial centres on a scale of 1 to 1,000. In the latest tranche of the survey, more than 2,700 financial services professionals were asked about the financial centres which they knew, answering about the centres’ competitiveness.

London, New York, Hong Kong and Singapore remain the top four centres, with Hong Kong and Singapore now only two points apart. Meanwhile there is a 48 point spread between London in first place and Singapore in fourth, then a gap of three points to Zurich in fifth place.

Of the offshore financial centres, Jersey scored the highest and was the only offshore centre to appear within the top 30 (reaching 28) – just ahead of near neighbour Guernsey which was ranked 31. Sponsor Qatar meanwhile ranked 30, five up from six months ago.
 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.