G’day, Sibos! 16 July 2014Sydney Reporter: Catherine Van de Stouwe
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Sydney has won the bid to host the largest financial conference, Sibos, in 2018.
The announcement was made by Australia’s deputy premier and minister for trade and investment, Andrew Stoner.
Stoner said: “With 74 percent of Australia’s finance and insurance industry based in [New South Wales (NSW)], we are thrilled to host financial leaders from around the world in Sydney in 2018.”
“Securing Sibos will see 6,000 visitors to Sydney and a $50.7 million boost to the NSW economy.”
Sibos has been held twice before in Sydney. Once the International Convention Centre (ICC) is completed in 2016, the conference has been able to return.
Stoner said without the new ICC, “Sydney would not have been able to host Sibos”.
Alain Raes, chief executive of Asia, Pacific and Africa and Europe, Middle East and Africa at SWIFT, said Sydney was truly a financial hub in the Asia-Pacific region.
He added: “The investment into the financial industry is apparent and Sydney has a global reputation as a city that delivers above and beyond already high expectations.”
Sibos 2014 takes place in Boston on 29 September – 2 October. Future Sibos venues include Singapore in 2015, Geneva in 2016 and Toronto in 2017.
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