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Head of Global Strategy Team @MiraeAsset

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The World Doesn’t Need Financial Hubs Anymore: Paul J. Davies - Bloomberg Opinion The need for people to gather in the same place to swap information and securities is fast disappearing. Location just doesn’t matter for transactions or information flows like it once did. Financial hubs are in the minds and smart phones and terminals of the participants. This is the real challenge for London and New York.

Bad News, London and New York: Finance Hubs Are Becoming Obsolete

Bloomberg.com