NEW YORK CITY—The Big Apple has prevailed—for the secondconsecutive year—over London in a new survey ranking global cities'importance as financial centers.
New York was picked for the top spot by 59% of respondents,against 38% who named London, according to Bloomberg News'reporting of a Kinetic Partners survey of almost 300 financeprofessionals. New York went into the lead last year, when 49%named it as the preeminent financial center while 44% chose Londonin the survey.
“There's a new breed of financing now—crowdfunding,” EasternConsolidated principal and executive managing director DavidSchechtman tells GlobeSt.com. “The new technology companiesare doing that and creating significant financial centers bypurchasing buildings in the sexier parts of the city.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
