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What Are the Top 10 Global Financial Centers?

Despite the strenuous displays of boosterism from local officials, don’t expect Miami to surpass New York as a global financial capital anytime soon. So says the data from the just-released 32nd edition of the Global Financial Centres Index, a twice-yearly survey closely followed by the global financial community. New York leads the pack, and not by a little: The Big Apple scored an impressive 760 rating. The following nine spots are clustered around scores of 719 to 731, led by London, Singapore, Hong Kong and San Francisco.

Los Angeles, Chicago, Boston and Washington, D.C., all broke the top 20. Miami was listed as an “associate centre” which has “yet to achieve the number of assessments required to be listed in the main GFCI index,” according to the study’s authors.

One take: It’s probably precipitate for the Miami metro to try and shed its reputation as the so-called sixth borough of New York. Proximity to New York is clearly a source of its strength, as branches of high-profile Manhattan businesses continue to flock to South Florida. It’s no small thing to be a two-hour flight away from the global city that scored, according to this survey, the best in the world in business environment, human capital, infrastructure, financial sector development, and reputational and general factors.

Keep your eye on that human capital metric. Of the top 25 national universities in the United States, most are located within a six-hour drive of Times Square. Much of that educated talent pool knows well the air corridor between LaGuardia and Miami International Airport.

The Top 10 Ranked Financial Centers, According to the Global Financial Centres Index:

  1. New York
  2. London
  3. Singapore
  4. Hong Kong
  5. San Francisco
  6. Shanghai
  7. Los Angeles
  8. Beijing
  9. Shenzhen
  10. Paris

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.