Financial services ‘resilient’: Austrade
Australia’s financial services sector has weathered the global financial crisis and will be a strong export for Australia, according to Austrade, which yesterday launched their 2009 Financial Services Benchmark Report alongside the Australian Financial Markets Association (AFMA), which released their 2009 Australian Financial Markets Report.
The Austrade report focused on the resilience of the Australian financial services sector, especially compared with other major financial centres.
“This year’s Benchmark Report shows Australia’s financial sector fared better than most other major financial centres,” said Austrade’s national manager for Financial Services Gary Johnston.
“The sector remains strong, continuing to develop as a regional and global centre with Australian based institutions seeking global mandates and viewing Australia as a base for their products.”
The report also indicated our expertise in funds management, investment banking and growing areas, such as Islamic finance.
Download the 2009 Financial Services Benchmark Report