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It won't and if it does, we'll all be dead. But Houston has the potential to be one of those very top tier 1 cities in a couple decades. They really need to improve it's mass transit system though.
I've heard many forumers speak of Houston's financial services power, but I don't know of any major financial institutions there. Can one of our Houston forumers or someone familiar with Houston's economy tell us about some financial institutions who are headquartered or who do a significant amount of business in Houston?
I've heard many forumers speak of Houston's financial services power, but I don't know of any major financial institutions there. Can one of our Houston forumers or someone familiar with Houston's economy tell us about some financial institutions who are headquartered or who do a significant amount of business in Houston?
Yes, Ive read a few times now people talking about Houston's financial services sector but like you, Im not aware of any major institutions located there.
Maybe there are some operational centers and regional offices but aside from that, Im not seeing any justification.
Well, think about how this poll would have looked 70 years ago. Other than NYC being #1, no one could have imagined back then what the top 5 would be in 2010.
I've heard many forumers speak of Houston's financial services power, but I don't know of any major financial institutions there. Can one of our Houston forumers or someone familiar with Houston's economy tell us about some financial institutions who are headquartered or who do a significant amount of business in Houston?
Private equity. That's why you don't hear much about it, they don't want that type of attention and do very little PR.
BTW - just so we're all clear, I have no interest in Houston or any ties to it other than one friend plus it being a convenient hub for Continental and some other airlines' routes - a cheaper alternative heading back and forth to Europe. I am just giving my honest tough analysis, doing my best to do crystal ball work. YMMV.
Private equity. That's why you don't hear much about it, they don't want that type of attention and do very little PR.
That makes no sense. Private equity can mean any number of things. However, "avoiding attention" is not one of them since the only thing "private" about it is that it's not traded on secondary exchanges. The institutions involved in private equity investments are often high-profile banks.
It's cool if you don't know why people consider Houston to be a hub of financial services...most of us don't.
For example, according to the Global Financial Centres Index, the United States has 5 of the top 20 financial centers on the planet. We have #2 NYC, #7 Chicago, #9 Boston, #13 Jersey and #17 San Francisco. The list goes all the way down to #62 and the only other US city to make the list is Washington DC at #21. There's no mention of Houston. So for all the talk we get for Houston having a good financial services sector, we never get any proof besides "oh we do, trust me".
That makes no sense. Private equity can mean any number of things. However, "avoiding attention" is not one of them since the only thing "private" about it is that it's not traded on secondary exchanges. The institutions involved in private equity investments are often high-profile banks.
It's cool if you don't know why people consider Houston to be a hub of financial services...most of us don't.
For example, according to the Global Financial Centres Index, the United States has 5 of the top 20 financial centers on the planet. We have #2 NYC, #7 Chicago, #9 Boston, #13 Jersey and #17 San Francisco. The list goes all the way down to #62 and the only other US city to make the list is Washington DC at #21. There's no mention of Houston. So for all the talk we get for Houston having a good financial services sector, we never get any proof besides "oh we do, trust me".
First Reserve, SMH, TPG (main HQ in Metroplex but major satellite in Houston), Sterling, Houston Partners, HM (main HQ in Metroplex but major satellite in Houston), etc.
Of course, anything we are discussing here absolutely pales in comparison with the impressive set of firms located in and around NYC spilling over into Western CT.
Honeslty, this is the first time I'm ever hearing about Houston's financial sector. It had a chance to explode in the 80s but they went through a bust and caused the economy to go down and the population went down for a little while as well.
That makes no sense. Private equity can mean any number of things. However, "avoiding attention" is not one of them since the only thing "private" about it is that it's not traded on secondary exchanges. The institutions involved in private equity investments are often high-profile banks.
It's cool if you don't know why people consider Houston to be a hub of financial services...most of us don't.
For example, according to the Global Financial Centres Index, the United States has 5 of the top 20 financial centers on the planet. We have #2 NYC, #7 Chicago, #9 Boston, #13 Jersey and #17 San Francisco. The list goes all the way down to #62 and the only other US city to make the list is Washington DC at #21. There's no mention of Houston. So for all the talk we get for Houston having a good financial services sector, we never get any proof besides "oh we do, trust me".
what happened to new york being number one. Isnt wall street the most important financial sector in the world and isnt the stock exchange the most powerful? Im not trying to start an argument, im just asking
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