The city state of Singapore will create more jobs in financial services during the next 12 months than any other city, ahead of London and New York, according to recruiter Astbury Marsden, Bloomberg reported.

A survey of investment bankers showed 37 per cent expect Singapore to add the most jobs, the UK-based recruiter was reported as saying. Some 22 per cent expect London to create the most jobs, just ahead of Shanghai and Hong Kong, while 1 per cent said New York.

“Singapore has rapidly established itself as the destination of choice for City [of London] firms looking to expand their business in Asia,” Mark Cameron, chief operating officer of Astbury Marsden, was quoted as saying.

“Cities close to emerging markets are at the forefront of the global expansion in financial services,” Cameron said.

The survey showed 19 per cent of respondents expected the most jobs to be created in Shanghai, 17 per cent said Hong Kong and 4 per cent nominated the United Arab Emirates.