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DatabankAugust 31 2008

Beyond the beaches...

As Asia-Pacific’s fourth most-prominent financial services centre, with plans to open an international financial precinct on its foreshore, Sydney is going from strength to strength. By Morris Iemma.
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Sydney as a global finance hub? It may surprise, but Australia’s financial capital is a centre for innovation, from structured finance to funds management. And global firms are increasingly choosing its high-skill, low-risk environment for operations servicing the broader Asian region. It is positioning itself as a future centre for carbon trading.

Famous for sunshine, beaches and the Sydney Opera House, Sydney is also home to a growing, high-skilled workforce of 150,000. That is almost half the size of London’s financial workforce and 40% of New York’s. It is not a hard sell – Sydney is, according to the Anholt City Brands Index, the world’s favourite city for the second year in a row.

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