Melbourne for capital
The Victorian State Government is forming a committee from the financial services industry to push Melbourne as a regional financial centre.
The Victorian State Government is forming a committee from the financial services industry to push Melbourne as a regional financial centre.
The Financial Industry Consultative Committee will promote Melbourne’s competitive advantages to financial services companies, says Minister for State and Regional Development, John Brumby.
“The State Government is determined to promote Melbourne aggressively as a centre for financial investment,” he says.
“The previous government made it clear that it was not prepared to develop Melbourne’s capacity as a regional centre for global financial services, but we are determined to secure a bigger share of investment and jobs in this sector.”
The areas being targeted for setting-up operations in Melbourne are funds management, venture capital and superannuation.
Brumby cites the fact Melbourne already is the headquarters for two of the big four banks — NAB and ANZ — and global fund managers like HSBC, Salmon Smith Barney and Morgan Capital.
The government has not announced any time-scale for forming the committee nor if any budget has been allocated to the campaign.
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