The City of London Corporation’s US Office

The City of London Corporation’s US Office works to strengthen engagement between the UK and the United States across financial and professional services (FPS). At a time of rapid economic, technological and regulatory change, we are supporting deeper transatlantic cooperation, helping firms trade, invest and grow across both markets.

Our offer to FPS firms and policymakers

• Signposting a UK‑wide network of partners to support firms looking to set up, expand or trade with the UK
• Leading outbound trade delegations and welcoming inbound delegations from key FPS sectors
• Providing insights on UK policy developments and their relevance to US stakeholders
• Working with public and private sector partners to support open markets and regulatory coherence
• Speaking at key FPS events and supporting engagement with UK firms
• Expanding access to an ecosystem of UK industry stakeholders, partners and policy leaders

The strength of the US–UK relationship

The US-UK relationship in FPS is of huge value to both partners. We should continue to build on strong investment flows and capitalize on opportunities within FPS.

In 2024, the US–UK relationship delivered:

• $89bn in bilateral FPS trade 
• $485bn in two‑way FPS foreign direct investment

Key areas of opportunity

Banking and capital markets: London is one of the world’s most globally connected banking hubs, with 160+ foreign banks operating in the City.

Asset management: The UK is a leading global centre for portfolio management, with £990bn managed on behalf of North American clients in 2024.

Insurance: The London Market is the world’s largest commercial and specialist (re)insurance market. 41% of gross written premium comes from the US and Canada in 2024.

Fintech: The UK continues to attract strong investment, with £5.3bn invested in UK fintech firms in 2024 — second only to the US globally.

Artificial intelligence: The UK is Europe’s leading destination for AI venture capital, with $12.3bn raised by UK AI firms in 2024.

Digital assets and cryptocurrency: The UK is a leading hub for digital assets, recording $273.2bn in cryptocurrency transactions — the highest in Western Europe.

Professional services: The US and UK are leading global hubs for FPS services, with $117bn two-way professional services FDI stock in 2024.