Tuesday, June 24, 2008
Time to buy the yuan and rupee then
London will lose its status as the world's top financial centre unless urgent action is taken, Boris Johnson's new City adviser says today. Bob Wigley, a senior Merrill Lynch banker and leader of a new protection squad assembled by the Mayor, has warned that changes are needed to prevent complacency and keep the capital at the top of its game. He says his team, comprising London's most important finance chiefs, will look at expanding markets in the Middle East and other international centres to measure the City's success.