Glasgow Enters European Top Ten

27 Sep 2011

Glasgow has achieved an outstanding performance in the latest global ranking of major financial centres.

The city leapt thirteen places up the latest Global Financial Centres Index which measures 75 financial centres across the world.

Glasgow rocketed upwards from its previous ranking of 46th to 33rd in the global ranking.  In Europe, the city entered the top ten for the first time, ahead of Amsterdam, Oslo, Vienna, Brussels, Madrid and Milan.

Despite the current economic climate, Glasgow's International Financial Services District has maintained momentum over the past 12 months with a series of new job announcements from companies such as Barclays, Santander, esure, Morgan Stanley, NFU Mutual, Tesco Bank, HSBC and Scottish Friendly.

Councillor Gordon Matheson, Leader of Glasgow City Council, said: "These fantastic European and world rankings for Glasgow underline the success of our International Financial Services District in the past decade.  We have a highly-skilled and highly-educated workforce, which, combined with an environment supportive of business, is very attractive to investors.  We look forward to continued success in the financial sector."

The Index confirmed the dominant position of London, New York and Hong Kong as the world's top financial centres.

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