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Financial Services and Funds Management Industry in Victoria

Overview

Around one third of all financial and insurance activity in Australia takes place in Victoria. Two of Australia's four biggest banks, and hundreds of fund and investment managers, are based in Melbourne.

Victoria's financial services and funds management industry includes:

  • banking services
  • finance services
  • insurance services
  • investment and funds management.

Industry size

Financial services in Victoria is the 3rd largest industry, representing almost nine percent of the state's economy and directly accounting for around 100,000 jobs and $23 billion in GSP during financial year 2007/081.

Industry contacts

Professional bodies and industry associations are a good source of information about the financial services and funds management industry in Victoria.

The following bodies represent sectors within the industry:

Financial Services in Melbourne

The following video produced by Invest Victoria, Why Melbourne for Financial Services, positions Melbourne as a global centre for financial services and home to a critical mass of financial services firms and rapidly growing expertise.