UK remains 'global financial powerhouse' despite Brexit fears

Report from Netwealth

A report by challenger wealth manager Netwealth has found that London remains a "pre-eminent global financial centre", ranking just behind New York, despite continued fears that Brexit would drive clients to other destinations.

Produced by the Netwealth's chief economic strategist Gerard Lyons, the report, Ranking global financial centres: what shareholders and investors value most, has ranked the top ten global financial centres based on a range of factors most valued by investors and shareholders. The key factors were the economic landscape, regulatory environment and financial stability, innovation, depth of markets, concentration bias, international focus and openness; as well as the green agenda, fintech and technology, competitiveness, governance, and soft power. The UK ranked second after the US, sugg...