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Comment on future of financial services - Dave Way, Marks Sattin

Comment on future of financial services - Dave Way, Marks Sattin

Dave Way, managing director of Marks Sattin said: “2012 will be the year when emerging markets take centre stage. The news that Brazil has overtaken the UK as the world’s 6th largest economy is just the beginning. Italy, currently the world’s 8th largest economy, is set to lose its position to India and Russia, where GDP growth last year was 10.4% and 4% respectively. Given the uncertain economic picture in the UK and Europe, the companies which grow in 2012 will be those nimble and bold enough to invest in the opportunities in the emerging economies of South America, Asia and Africa as well as consolidating their position within Europe. 

“Another important development this year was the launch of & lsquo;metro banking’. This new customer-service focused business model has been pioneered in the London area by Vernon Hill’s Metro Bank, which is the first new high street bank in the UK for over 100 years. As others looking to adapt to a changing market begin to pick up on this business model, we could see the face of retail banking change significantly, boosting demand for accountancy and finance professionals with regulatory and strategic expertise.  Don’t just focus on the troubling news we’re hearing from the eurozone, there will be plenty of opportunities for growth next year for those who look beyond the developed economies”.

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