Origin
Banks began drifting north from the Financial District in the 1960s and 70s as new tower stock and proximity to executives' homes drew them up Park and Sixth Avenues; the trend cemented after 9/11.
Who works here
- Bulge-bracket investment banks and their advisory franchises
- BlackRock, Blackstone, KKR and other large alt-asset managers
- Insurers, reinsurers and pension consultants
- Foreign banks' US headquarters and broker-dealers
Landmarks
- 270 Park Avenue (JPMorgan global HQ)
- 1585 Broadway (Morgan Stanley)
- 50 Hudson Yards (BlackRock)
- 388 Greenwich (Citigroup, technically Tribeca, often grouped with Midtown's footprint)
Three indices a local would build
Open the prompt box pre-filled with one of these and turn it into a transparent, rule-based index in under a minute.
- Top 20 alternative-asset managers by AUM, market-cap weighted, US-listed.open in builder →
- US large-cap insurers and reinsurers, equal-weighted, 15 names.open in builder →
- Index of every US-listed asset manager with AUM over $500bn.open in builder →
