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London Is Still The World Financial Centre

London is still the world’s premier financial centre, maintaining a clear lead from New York in second place, although there’s ever more stiff competition from Singapore, Hong Kong, Tokyo and Zurich, according to the latest Z/Yen Global Financial Centres Index (GFCI).

Both London and New York gained 22 points in the biannual rankings, but Singapore (fourth) and Tokyo (sixth) closed the gap, leaping by 34 points. Zurich (fifth) gained 32 points, while Hong Kong clung on to third place with a 28 point jump according to the 13th GFCI.

Jersey – at number 28 – is the only offshore centre in the top 30. Guernsey comes in at number 31, followed by Monaco – which surged up by 25 ranks and 57 points since the last rankings to 35th, the Cayman Islands in 41st and the Isle of Man in 43rd.

The GFCI, launched in 2007, was designed as a barometer to track movements in the competitiveness of financial centres around the world. The study, which is conducted by the Z/Yen Group and sponsored by the Qatar Financial Centre Authority (which came in at number 30), rates 79 financial centres on a scale of 1 to 1,000 by asking over 2,700 financial services professionals about the financial centres which they knew. 

These figures are filtering through into our experience of the property market and are still seeing high levels of interest for prestigious homes in St Johns Wood and Knightsbridge. We have recently made a number of off market sales for homes over £5 million and expect the trend to continue.


Article written by Neil Sloam, Managing Director of Brian Lack. 

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Having dealt with BL and Co for nearly 15 years, they are highly talented property professionals. They operate internationally and are skilled in all aspect of property functions and are wonderful to deal with.

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Neil and his team are consummate agents, extremely professional and very driven. They have in-depth knowledge of their sector of the property industry I wouldn't hesitate in recommending them to friends.

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Having had such a negative experience in dealing with so many other agents in St John’s Wood, working with Brian Lack and Co was a breath of fresh air. They took time to understand my requirements and worked tirelessly in finding the right home for our needs. Truly exceptional!

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Neil Sloam is a highly regarded property professional whose firm Brian Lack we have had the pleasure of working with for the past few years. They are one of the best agents for property in St John’s Wood and Knightsbridge areas achieving great results for their clients.

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