Investment banks hiring in busiest period for 3 years


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Major investment banks have begun hiring 'dealmakers and traders' across Europe and even breaking their traditional summer freeze in order to secure the best talent.

Recruiters have told the paper that they are at their busiest since 2010.

This follows a marginal decline of 0.8% in the staff levels of the front offices of the 10 largest investment banks between Q1 and Q2 2013 to 54,165, according to data the FT has seen from research firm Coalition, due to be published tomorrow. Annual rates of decline of 8 per cent are also apparent over the past two years. 

Joseph Leung, founder of executive search firm Aubreck Leung, tells the paper: 'I think it’s fair to say that there’s been a pent-up desire to hire and all of the recent positive data are making it much easier for them to pull the trigger.'

Earlier this week, reported that an impending cap on banking professionals’ bonuses meant staff could expect higher wages, although the companies fear the new laws could make jobs overseas more tempting. 

To access the complete Recruiter article hit the link below.

Investment banks hiring, recruiters busiest since 2010, FT says 

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