LONDON: Fallout from Brexit has helped New York overtake London to become the world's pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday .
Just over half of respondents now see New York as the world's top financial center, up 10 per cent from 2018, while 36 per cent see London as the leader, down 17 per cent from last year. "Looking ahead, however, globalization’s diffusion of influence begins to be apparent: 12 per cent of respondents expect Hong Kong to be the world’s preeminent financial center five years from now."British government ministers said last week that the UK financial sector would emerge stronger from Brexit.
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