FINANCIAL SERVICE CLUSTER

Toronto | New York | London |Zurich

What is a Cluster?

A geographic grouping of companies working within the same industry that are interconnected markets they serve products they produce suppliers trade associations educational institutions.

Main purpose of furthering innovation.

Keys to Success

Strong Skill & Creative Base

Network & Partnerships

R&D Capabilities & Innovation

Cluster Structures

•Incubator•Center of Excellence•Accelerator •Convergence Center•Innovation Center

GTA’s Centre of Excellence in Financial Services Education

Toronto Financial Services

The GTA is Canada’s business and financial capital.

Generates 12% of the city’s total GDP Fastest expanding financial sectors in

North America.

Toronto Financial Services

Fund Providers

Banks

Insurance

Stock Exchanges

Securities Dealers

Key Players

New York Financial Services

Ranked #1 - New York is the financial capital of North America

Home to Wall Street and the New York Stock Exchange Employs over 500,000 people

London Financial Services

Ranked #2 London is Europe’s financial capital Voted Europe’s most internationally accessible city Attracts a large number of foreign investors.

Zurich Financial Services

Ranks Top 5 in the Worlds most competitive and attractive financial centers.

Approximately 83,000 people are employed in the Financial Center

60% of the full-time financial employees work with banks, insurance companies and financial service specialists.

70% or 56,000 of those people work in the city of Zurich.

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.

Visit My Blog

Check out my blog for more information on Toronto’s Financial Services Cluster.

http://jhallfusco.wordpress.com/