UK
Sector: Accounting & Finance
Guest comment: Next stop Singapore
Astbury Marsden’s Nick Frank and Adrian Kinnersley on why the momentum for back office and accounting hiring is shifting to Singapore. Accountancy and back office professionals are in unprecedented demand in the City. However, the future is likely to be very different. With the price of a newly qualified accountant pushing 55k, banks are already [...]
More due diligence due
The boom in overseas listings on the Alternative Investment Market (Aim) is fuelling demand for a new species of extra-rigorous due diligence expertise. Chris Rollason, Director of Corporate Finance at Collins Stewart tells us there is increasing demand for intelligence to “de-risk” projects. While Nominated advisers (Nomads) help companies list on Aim can provide some [...]
Pensions move for Deloitte
Deloitte is preparing to penetrate the pensions arena. There may be jobs in the offing. Deloitte says it’s getting ready to challenge the market supremacy of traditional investment and pensions consultants. The firm, never a major player in the pensions consulting arena, is expanding its pension and investment services group. Its timing appears impeccable – [...]
Please don’t go
Recruiters say banks are imposing longer notice periods on mid-ranking IT and accounting staff. “A lot of people at vice president (VP) level are being asked to renew their contracts with a three month notice period,” says Andrew Thomas of recruitment firm Thomas Keene Associates. “This is especially the case for technical people, programmers and [...]
Carlton Financial hiring
Carlton Financial, the boutique corporate finance firm and recent beneficiary of a cash injection from Halifax Bank of Scotland, is hiring. Jim Hughes, HR director at the company, tells eFinancialCareers.com that Carlton is looking for analysts, associates and director-level hires. “The investment by Halifax Bank of Scotland has opened up various opportunities, which we need [...]
MBA graduates in demand for corporate finance
MBA graduates are top of the list of recruits for Big Four firm KPMG on both sides of the Atlantic. “We are certainly looking to significantly increase the number of MBAs we take on,” Melanie Gibb, KPMG’s head of experienced hire recruiting told eFinancialCareers.com. Gibb highlighted business advisory as an MBA destination: “We are looking [...]
Fund accountants lured to London
“We’re seriously thinking of advertising in Ireland,” says Alex Henderson, a consultant at London hedge fund recruiter Emerson Chase. “There are a number of third party administrators in the country who employ hedge fund accountants, and those people could be earning a lot more here.” Demand for hedge fund accountants in London has been given [...]
Laws of supply and demand drive pay higher than ever
A new survey reveals soaring salaries for the likes of senior accountants and junior fund managers. The survey of 8,800 candidates, by recruitment firm Morgan McKinley, underscores areas of overheating in the financial services market. Following an average 31% increase in pay, senior accountants working in investment banks can now command salaries of 80k fairly [...]
ABN Amro to cut 2,400 jobs
ABN Amro has become the latest bank to shunt back office and IT jobs to India. According to an article in today’s Telegraph, the Dutch bank is preparing to slash 2,400 jobs worldwide in an effort to save €150m (104m) a year. At the same time, 900 jobs will be added in India. The article [...]
Accounting scandals grab accounting grads
Anita Mattison, director of human resources at Baker Tilly, which ranked 7th among UK accountancy firms in 2005, says episodes such as Enron have helped alter ideas of what accountants are about: “Accountants are now seen as business advisory specialists, not just people who sit down and go through spreadsheets.” Sally Whitman, a graduate recruiter [...]
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