London retains top position in financial centre ranking
London has been named the world's leading financial centre by The Banker's 2012 global asset management survey, beating off competition from leading Asian financial centres Hong Kong and Singapore.
In a surprising sequel to the Libor scandal, the UK capital, London, has been voted the most attractive financial centre in The Banker’s 2012 global asset management survey. The Banker’s survey, based on interviews with nearly 60 firms, which between them manage more than $19,000bn in assets, clearly shows that rather than losing ground to other financial centres, London is becoming more attractive as an operational centre for global asset management.
Whereas The Banker’s 2011 survey was dominated by fast-growing Asian financial centres, the continued international financial market uncertainty seems to have played into the hands of long-established financial centres such as London in 2012.
For the full results of the survey, read London retains asset management star billing
