Nicoll Curtin Technology, the banking technology recruitment consultancy, has received the Cantonal and Federal licenses needed to trade directly with its clients in Switzerland.
The company’s European division has been in operation since May 2008 delivering technology contractors to investment and private banks in Switzerland, and a Swiss registered company was set up in 2010. Because of strict Swiss laws governing how non-Swiss companies operate, business to date has involved third parties such as brokers and intermediary companies.
Lawrence Hargreaves, Managing Director said: ‘Now that we have a registered company and licenses to trade in Switzerland, we can offer a more flexible service. By working directly with our clients, we can deliver more attractive rates, reduce processing time for contractors, and ultimately win more business'.
This is the first phase in Nicoll Curtin’s plans to expand its Swiss operation. Currently, hiring is almost exclusively for IT contractors within investment banking, private banking, energy and commodities trading. With the increase in freedom that registered company status and the corresponding licenses bring, the company is planning to grow by increasing delivery to existing clients, adding new clients to its portfolio and developing the permanent hires part of the business.
Fahad Ansari, Head of the European Division, said: ‘This is an exciting part of our strategy for growth in Switzerland and throughout Europe. We already have an enviable reputation with clients and candidates in the region, and are now able to compete against local agencies on a level playing field'.
Nicoll Curtin recruits contract and permanent technology experts on a contingency basis in the UK, Europe and Asia across the financial services and commercial sectors.