GTA FINANCIAL SERVICES CLUSTER

By: Jonathan Lam

What is a cluster?

A cluster is a geographic

concentration of interconnected

› Businesses

› Suppliers

› Associated institutions in a particular field.

Cluster structure

Center of Excellence Incubator Innovation Center Convergence Center Accelerator

Elements to success

R&D Capabilities

andInnovations

Networks and Partnerships

Strong Skill and Creative

Base

Members of the GTA Financial Services Cluster

Banks

Credit Agencies

Security Dealers

Insurance Companies

GTA FINANCIA

L CLUSTER

GTA FINANCIAL SERVICES CLUSTER

Contributes 12% of Toronto’s GDP

The financial and business capital of

Canada

Fasting growing financial sector in all of

North America

Competition

New York Financial Services

London Financial Services

Dubai Financial Services

Zurich Financial Services

Hong Kong Financial Services

New York Financial Services

Financial capital of North America

Ranks #1 overall for all Financial

Services Clusters

Represents 67% of the state of New

York’s financial services jobs

London Financial Services

Financial capital of Europe

Ranks #2 overall for all Financial

Services Clusters

Represents 50% of total jobs in the UK

for financial management

Toronto in the news

National Bank of Canada spends $12

Million into the TSE

EnStream, a Toronto based company

launches Zoompass

Centennial College offers Islamic

Finance Course

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