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New York widens lead over London as finance hub: Duff & Phelps

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A growing majority of top bankers and asset managers consider New York as the world's top financial hub and expect Brexit to damage London's global standing, consultants Duff & Phelps said in a global regulatory outlook on Tuesday.

FILE PHOTO: The city of London financial district is seen in London, Britain, February 4, 2021. REUTERS/Hannah McKay/File Photo

D&P’s outlook surveyed senior financial professionals from 250 banks and asset managers in Europe, Asia and America, with 60% saying they view New York as the world’s leading financial centre, up from 56% in 2020. Britain is under pressure to bolster the competitiveness of its financial services after 7,500 staff and over a trillion euros in assets left for the EU post Brexit.

Nearly a fifth of respondents to the D&P survey now predict that China will become the top financial centre within five years.

 

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as if

IMO the real winner here is Frankfurt.

Because that's the question on the tip of everyone's tongue 🙄

I have no idea what I’m doing here

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