London is the world’s leading financial centre, making it a natural home for any company in the financial services sector.
Around half of European investment banking activity is conducted in London. It also represents the world’s largest foreign exchange market, the largest centre for cross border banking & borrowing, along with trading in OTC interest rate derivatives (4).
London is home to over 250 foreign banks (more than New York, Paris or Frankfurt), and with a total of 40,000 companies operating in the financial services sector employing over 345,000 people in 2014, London provides access to a huge array of skills and talent (5).
With a long history of innovation in financial services London has witnessed the adoption of new products in areas including carbon trading, Islamic finance and RMB trading, which will help keep it competitive for the future.