(23 February 2010 – New Zealand) The Prime Minister of New Zealand, John Key, wants to turn New Zealand into Asia Pacific’s ‘financial hub’ possibly creating 3000 to 5000 high paying jobs for the county, The Press reported.Henry Brandts-Giesen and Craig Myles, financial service specialists, have said that there is a huge opportunity to develop a new string to the country’s economic bow.
The Press reported that the New Zealand government has compiled a report indicating that creating a ‘financial hub’ could be a billion-dollar industry, leading to high paying jobs in the country.
Mr Brandts-Giesen, a lawyer and consultant, has spent several years away from New Zealand working in the ‘financial hub’ of Europe, Jersey, which is now, as a result, a very wealth place, Mr Brandts-Giesen added.
According to information sourced from the Central Intelligence Agency website, Jersey now, despite having only a few natural resources, is the sixth-wealthiest country in the world with an average GDP of US$57,000 (A$63,000), Mr Brandts-Giesen added.
New Zealand currently sits at 51st and Australia 22nd on the Central Intelligence Agency’s list.
Ireland’s effort to position itself as a centre specialising in international hedge funds has paid off, resulting in it now being ranked the 15th wealthiest nation in the world after over 30 years ago being known as one of the poorest countries in the western world, The Press added.
Mr Brandts-Giesen thinks that the move to become a ‘financial hub’ would stem the flow of talented young Kiwis in the finance field back to New Zealand.