Financial Firms Decide South Florida is the Perfect Place to Relocate

Todd McDermott reports "A full year of pandemic altered work is now transforming part of Palm Beach County's economy. More than one very successful business owner from the financial world escaped Covid-19 related restrictions by coming to Palm Beach County. And they're not going back.

Doug Cifu, CEO of Virtu Financial, says the pandemic has made it very clear his equities market firm can operate from anywhere. He told WPBF 25, "I see no reason why a hedge fund or private equity firm should stay in New York. It just makes no sense to me whatsoever."

Both Posner and Virtu's Doug Cifu own homes here in Palm Beach County and express enthusiasm about the South Florida way of life and the future of doing business here. The development board's Kelly Smallridge says up to three more similar financial companies are considering relocating to the Palm Beach area."

Check out the full article here

Article: Todd McDermott of WPBF & Photo: Canva Pro

Posted by Talbot Sutter on


Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.