Latest Banking & Financial Services articles...
Edinburgh is home to balanced professionals
Britain’s second financial city is flying the flag for work-life balance, and reaping the rewards it brings.
According to research figures, nearly seven out of ten (67%) banking and financial services employers in Edinburgh consider work-life balance extremely important, compared to only one in five (46%) of their London counterparts. Read more »
Asset management puts recruitment on hold
The next few months will be a time of consolidation rather than growth for recruitment in the asset management sector.
It is widely reported that bonuses will be few and far between this year. Senior staff are likely to miss out altogether whether for public relations, employee relations or performance reasons. Read more »
A brief revival in hedge fund opportunities
Recruitment by hedge funds is tentatively increasing compared to the first half of the year. But will it last?
Significant trading activity due to the market’s volatility has forced some employers to bolster their operational capacity to process these trades. The collapse of Lehmans has seen others take operational and fund administration duties in-house, forcing headcounts up. Read more »
Compliance demand is around the corner
The compliance industry is taking stock as it continues to recruit in the same vein as last quarter and prepares itself for the year ahead.
Much of the recruitment activity seen recently is persisting, including the following key trends. Professionals with Charles River, Sentinel or Mantas experience have benefited from unwavering demand for their system skills in the last few years. Read more »
Rigorous recruitment in accounting is double-edged sword
The last quarter has done nothing to improve finance professionals’ faith in the recruitment process and this is expected to fall further before it begins to regain momentum.
Recruiters are acutely aware of changing market conditions and are adapting week by week. As the banking and financial services industry braces itself for continuing uncertainty, less firms are choosing to replace leavers, opting to redistribute their talent and resources instead. Read more »
Banking sector plays tug of war for top talent
As leading investment institutions waver or even fall, others are revelling in their demise. But not always with great success.
Much of the cost cutting instigated earlier in 2008 continues, meaning that redundancies and headcount restrictions are still rife. Despite the latter, canny investment banks are taking the opportunity to recruit high calibre staff they wouldn’t necessarily have had access to in more competitive years. Read more »
Counter-offers lose their teeth.
The results from our latest workplace study, ‘A Longer Term View: Looking beyond the current crisis’, tells us that 90% of banking and financial services employees are turning down counter-offers when they find a new job. In the current climate of uncertainty, it seems employees are ignoring promises of increased rewards and instead looking for stability and career progression. Read more »
Work-life balance remains priority despite crunch.
Our research, ‘A Longer Term View: Looking beyond the current crisis’, reveals that seven out of ten (72%) banking and financial services employees feel their companies are facing up to the challenge of work-life balance. It seems employers are placing a high value on ensuring their workforce achieves a good balance, despite the ongoing financial crisis continuing to turn City hairs grey. Read more »