MCC's network stretches from Vancouver, Toronto, New York, to Dublin, London, Amsterdam, Luxembourg, Frankfurt to Singapore, Hong Kong and Sydney.herewith having access to the world's largest financial centers. We hold substantial security interests in approx. 50 ventures in 14 countries in Europe, USA and Asia Pacific.
Toronto, Canada
MCC has HQ's in Frankfurt, Luxembourg and Toronto. The annual ranking of international financial centers by the UK-based “The Banker” magazine places Toronto, Canada as the second largest financial center in North America and ranks as 6th in the world. The Toronto Stock Exchange is the third largest equity exchange in North America and seventh largest in the world with a market capitalization of $ 1.6 Trillion (2014). In terms of listed companies the TSX and TSX Ventures are the second largest overall and are global leaders in ming, oil, gas and cleantech.
The Toronto region is the hub of the Canadian financial industry – banks, investment firms, pension funds and insurance companies. Toronto is home to the headquarters of Canada’s five largest banks, three of which ranks amongst the top 25 largest banks in the world by market capitalization. In 2014, for the seventh year in a row, the World Economic Forum ranked Canadian banks as the soundest in the world. Toronto also is the Canadian headquarters for the vast majority of foreign banks operating in Canada, including four of the world’s largest banks.
The Toronto region is home to two of the world’s largest life insurance companies, seven of the ten largest global hedge fund administrators, three of the top 50 global pension funds, headquarters of 12 securities firms and nine of Canada’s top 10 mutual fund companies. Supporting the sector is a vibrant eco-system tha includes many of Canada’s top law firms, auditors, accountants, administrators, tech-firms and academic institutions. Within the diversity and breath of Toronto’s financial sector are a number of enterprises that have developed specialized expertise over time, i.e. for incubators, start-ups and small and medium size enterprises.
Luxembourg, Europe
Luxembourg is the second-largest investment fund centre in the world, after the United States. It is the premier captive reinsurance market in the European Union and the premier private banking centre in the Eurozone. A founding member of the EU that benefits fully from the principles of free movement of capital and freedom of establishment with the EU, Luxembourg has a track record of stability. Even in the face of challenges that arose from the global financial crisis, Luxembourg maintains low levels of sovereign debt, has one of the highest GDPs per capita and retains a AAA rating. This has resulted in the domiciling of tens of thousands of investment holding, financing and securitization vehicles, many of which form part of globally recognised corporate groups or hold the portfolio investments of leading international investment funds.
From its origins as a Euroloan centre, the city subsequently developed as a private banking centre and then, from the 1980s, as a leading domicile for investment funds. The success of this financial centre is founded on the social and political stability of the Grand Duchy and on a modern legal and regulatory framework that is continuously updated, inspired by regular consultation between the government, the legislator and the private sector. Thus, over the years, specific regulatory frameworks have been created for alternative investment funds, venture capital investment funds, international pension funds, specialised investment funds, captive reinsurance companies, covered bond issuing banks, securitization vehicles and family wealth management companies. This legal framework, combined with Luxembourg’s openness to the world, has attracted banks, insurance companies, investment fund promoters and specialist service providers from all over the globe.
The Luxembourg financial centre is characterized by a strong culture of investor protection and rigorous anti money-laundering policies. Its specialist teams are multilingual and multicultural, with a long tradition of financial expertise and extensive knowledge of the needs of an international clientele.
Frankfurt
The financial hub of Frankfurt is home to an exceptional network comprised of 202 banks (40 domestic banks, 162 international banks and 33 representative offices), 7,900 financial services companies and investment funds as well as large branches of all of the world’s best-known consulting agencies, law firms and auditing companies.
There are a number of different stock exchanges with different focal points in Germany. The Frankfurt Stock Exchange is the most important stock exchange location in Germany and also the home of the Deutsche Börse Group. The Deutsche Börse Group is active internationally, with operatios in Luxembourg, Prague, London, Zug, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.
In Frankfurt, Deutsche Börse operates the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse FWB®), one of the world’s largest trading centers for securities and an international trading center. Of the approximately 200 market participants, roughly half are from countries other than Germany. Besides the specialist trading at Frankfurt Stock Exchange, its fully electronic trading system Xetra® is one of the leading electronic trading platforms in the world. With a share in turnover of around 90 per cent, the Frankfurt Stock Exchange is the largest of Germany’s seven stock exchanges.
Frankfurt is domicile for the euro clearing for banks from non-Euro countries. The Eurex is the leading derivatives market in Europe and Eurex Clearing serves more than 175 clearing members in 17 countries and administers a collateral pool accounting for around EUR 50 billion. The central securities depositor Clearstream covers more than 50 markets worldwide with its international net of depositaries and processes more than 10 million transactions in more than 850,000 securities each month. Shares, bonds and fund units worth more than EUR 13 trillion are in custody. Frankfurt is also domicile in the EU for renminbi clearing.
