Almost a third of UK-based investment bankers would rather work in Singapore, according to a survey that predicts that the centre of gravity in the financial sector will shift towards Asia in the next decade.
The southeast-Asian city state has become the most favoured location for investment bankers who are based in London, research by financial services recruitment firm Astbury Marsden shows.
Of the 462 investment bankers that were asked, 31 per cent said they would most like to work in Singapore. By comparison, only a fifth preferred New York and only 19 per cent opted in favour of London.
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