Global finance hits high as industry outperforms competition -Mercer.(Gobal financial services industry)(Mercer Oliver Wyman)(Report)(Brief article)

Financial Adviser, February, 2007

The global financial services industry hit a record AGBP5.4 trillion in market value last year with returns of 26 per cent, compared with 22 per cent achieved by non-financial businesses.

The industry's good health was revealed in the 10th annual State of the Financial Services Industry report by financial services and risk management consultancy Mercer Oliver Wyman.

The 30-page report also revealed a positive performance in emerging markets, accounting for 43 per cent of overall growth, as well mature markets, which accounted for 22 per cent of overall growth.

Signs that a five-year slump in the European financial services market has ended can be seen in the fact that its value increased by 32 per cent last year.

The report claims...

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