Sydney is set to host the world’s largest and most influential financial conference, Sibos, in 2018, as announced today by NSW premier, Mike Baird.

Hosting Sibos will bring 6000 delegates to Sydney and is worth an estimated $50 million to the NSW economy.

“Sydney is home to Australia’s finance sector and we’re delighted to be hosting the world’s financial heavyweights in 2018,” Mr Baird said.

“Visitors to Sydney for Sibos 2018 will meet in the new $1.1 billion world-class convention facilities at Darling Harbour and be able to explore Sydney’s thriving new financial services district at Barangaroo –  both of which are currently under construction.

“Without the new convention, exhibition and entertainment facilities we are building at Darling Harbour, Sydney would not have been able to host Sibos.

“This win shows the NSW Government’s strategy to attract major business events to Sydney is working.”

Sibos is the 14th event to be secured for the new ICC Sydney, and brings the combined estimated economic impact of these events to NSW to more than $128 million.

BESydney CEO, Lyn Lewis-Smith said ICC Sydney was cementing Sydney’s future as a leading global business event destination.

“The NSW Government has made its commitment to the business event industry very clear and I’m proud to have been part of this amazing win for the city and for the new convention centre. The entire city pulled together for this bid – the local financial industry and our government and private sector partners all played a key part in the win.”

ANZ Banking Group Ltd senior managing director The Hon. Warwick Smith AM said Sydney is well-suited to host the world’s most influential financial services event.

“Sibos is where the global financial community gathers to debate and collaborate on the future of the industry, so it’s an incredible honour to welcome it back to our shores for the third time. This is Australia’s opportunity to shine and to play a key part in shaping that future.

“The city is home to 60 of the 64 banks that operate in Australia as well as the country’s key financial regulatory bodies. Australia’s banking sector is recognised as one of the strongest in the world and our local community stands to benefit greatly from hosting this event.”

Sibos 2014 takes place in Boston on September 29 – October 2.  Future Sibos venues include Singapore in 2015, Geneva in 2016, and Toronto in 2017.