UK
Company: Joslin Rowe
Are there really ample opportunities for financial services recruiters in the UK?
Contingency recruitment is reliant on volume, so it makes sense that any financial services recruitment consultant worth their salt has been considering a move to where the action is – Asia. However, despite the perception that the market is slowing down, most recruiters in the UK are looking to bolster their headcount. In percentage terms [...]
JPMorgan: firing in the back office, hiring in prime brokerage
JP Morgan’s move to eventually eliminate 3,000 roles as it cuts its number of trading systems is an indicator of the harsh reality of how investment banks are cutting costs out of back office functions. In its annual investor day yesterday, Jes Stanley, head of JP Morgan’s investment bank, pointed to its Strategic Re-engineering Programme [...]
Five roles surviving the summer lull
We’ve just entered August, a month when financial services recruitment is traditionally quieter than a church mouse convention. But some roles remain in demand. Based on conversations with various financial services recruiters, here’s five roles that are still particularly active. 1) Equity research Equities generally remains an area a number of banks are looking to [...]
Fund managers focus on the front office
After over a year in the doldrums, fund management recruitment is positively buoyant again and the emphasis has shifted away from the middle office and towards investment talent. To name just a few people moves in recent weeks, Schroders has lost Nick Purves and Ian Lance to rival RWC Partners, Nick Mustoe has joined Invesco [...]
There’s always insurance
It doesn’t pay the most money, or have the most exciting jobs, but recruiters say the City of London’s insurance industry is still hiring and that the jobs are hard to fill. This may, however, be because the requirements are fairly specific – senior underwriters with a background in flood risk and the like. “The [...]
Most people expect bonuses to be…up
Forget layoffs, write-downs and diminishing profits, the average banker is confident of a nearly 9% increase in bonus compared to last year. At least this is the finding of a survey by recruitment firm Joslin Rowe. Some 500 financial services professionals (most of them likely to be in the back and middle office, given this [...]
Hedge funds battle for compliance professionals
Just as a new study suggests European hedge funds are facing more scrutiny from regulatory authorities, one recruiter says funds are finding it increasingly difficult to recruit compliance staff. “Hedge funds are increasingly having to compete with investment banks and institutional fund managers for new staff,” says Fergus Hooley, head of compliance at recruitment firm [...]
Custodians hit the transition management trail
Custodians are bulking up their transition management teams. Recruiters say jobs in the area pay more than other custody roles, and can be an opportunity for custody staff to get some quality contact with clients. “Transition management is an area that custodians are building up quite strongly,” says Dev Majithia, manager of the investment management [...]
Global custody hiring surging ahead
It may not be a repository of the most exciting and well paid jobs in financial services, but when it comes to sheer appetite for staff, there is little to rival the global custody industry. As things stand, the custody industry already employs tens of thousands of people globally. At the end of last year, [...]
Accounting
Life in investment banking is rarely simple, however, with accountants usually engaged in more complicated matters as well. For example, they play an important role in helping a bank monitor how much risk it’s taking and how much money it has lost in miscalculated share trades. They also prepare reports for the regulator to show [...]
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