08 September 2011
What is the future for Global Finance?
Speakers: Dr Malcolm Cooper and Mark Yeandle, Z/Yen
A discussion of the key financial centres emerging, emerging and disappearing over the next decade. Will London and New York still dominate, or will Shanghai takeover? And what will it mean to the UK markets and particularly the London community?
This discussion focuses around the trends identified in Z/Yen’s five year research into global financial centres through the production of the Global Financial Centres Index (GFCI). GCFI was first produced by the Z/Yen Group in March 2007 following another research project into city competitiveness we undertook in 2005. The aim of the GFCI is to examine the major financial centres globally in terms of competitiveness and provides profiles, ratings and rankings for 75 financial centres drawing on two separate sources of data – instrumental factors (external indices) and responses to an online survey. The survey itself is produced every three months and is part of the Financial Centre Futures programme in Long Finance.
Dr Malcolm Cooper is a historian by training, and holds a First Class Bachelor of Arts in History from Dalhousie University, a Master of Arts in History from the University of Western Ontario, and a Doctorate of Philosophy in Modern History from Oxford University. He spent most of his investment banking career in European emerging markets, his last post being as Head of EMEA Equity Research for ABN-AMRO. Malcolm commissioned and worked with Z/Yen on the Global Financial Centres Index, and has since written several pieces on the impact of the recession on financial services employment in the UK. He is involved in both the London Accord and Long Finance initiatives.
Mark Yeandle has spent most of his career in consumer goods marketing in senior marketing management positions at companies including Liberty, Mulberry, Sanderson and Carlton. During 2007, Mark project managed the creation and publication of the Global Financial Centres Index, as well as developing a role playing game which demonstrates the politics of climate change negotiations. This was written up as part of the London Accord. He was also the project manager of a large research project into the use of PropheZy – Z/Yen’s support vector machine for Best Execution Compliance Automation – the output of which was published in The Journal of Risk Finance as Best Execution Compliance Automation, Towards An Equities Compliance Workstation and Best Execution Compliance, New Techniques for Managing Compliance Risk.