GTA Financial Services Cluster
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  • 1. Financial Service Cluster
    By Jacqueline Hall-Fusco
    Toronto | London | Zurich | New York
  • 2. What is a Cluster?
    A geographic grouping of companies working within the same industry that are interconnected by the markets they serve, and the products they produce as well as their supplier, trade associations and educational institutions.
    Network of compatible and/or competitive inter-related organizations, sharing information between one and another.
    Main purpose of furthering innovation.
  • 3. Toronto Financial Services
    The GTA is Canada’s business and financial capital by providing a financial
    service network that is stable, strong and credible. Toronto's financial
    services sector sustains many other industries as a leading consumer of
    resources, including law, accounting, information technology, education
    training, and business services. Toronto’s financial services sector is
    responsible for generating 12% of the city’s total GDP and is one of the
    fastest expanding financial sectors in North America.
    Key Players
    Banks Insurance Companies Fund Providers
    Securities Dealers Stock Exchanges
  • 4. Toronto Financial Services
  • 5. London Financial Services
    London is Europe’s financial capital. Considered the gateway to the EU, London
    was voted Europe’s most internationally accessible city, attracting a large mass of
    foreign investors. London’s accumulation of experienced work force and specialist
    suppliers increases the city’s value, and it is what makes this financial services hub
    one of the most attractive cities compared to other centres.
    Key Players
    Banks Accounting Firms Legal Offices
    Securities Dealers Stock Exchanges
  • 6. London Financial Services
  • 7. Zurich Financial Services
    Zurich ranks as one of the five most competitive and attractive financial centers in the world. One third of all banks and insurance companies in Switzerland have their headquarters in Zurich because of the city’s standard of expertise in private banking and assets management. The city offers a concentration of knowledge and innovation within different segments of the financial sector. It has grown into a center for insurance companies, asset managers, and providers of alternative investment products.
    Key Players
    Banks Insurance Companies Fund Providers
    Securities Dealers Stock Exchanges
    Special Financial Service Providers
  • 8. Zurich Financial Services
  • 9. New York Financial Services
    New York is the financial capital of North America, and is home to Wall Street and the New York Stock Exchange, the world’s largest stock exchange by market capitalization of it’s companies listed.
    Key Players
    Banking Securities Trust Insurance
  • 10. New York Financial Services
  • 11. Toronto in the News
    Canadian FY2010 budgets plans to financially support GTA clusters.
    CIBC is the first Canadian bank to introduction the mobile banking applications for Smartphone's.
    Islamic finance course available at Toronto’s Centennial College.
  • 12. Visit My Blog
    Check out my blog for more information on Toronto’s Financial Services Cluster.