Hiring is back in a big way, so say banking recruiters who’ve spent the last few years mostly sitting on their hands. “The whole market has picked up,” Logan Naidu, chief executive of recruitment firm Dartmouth Partners, told us last week. ”We’ve seen the best start to the year for five – or even ten – years.”
Indeed, buy-side and sell-side firms have made public and private plans to add more talent. In this week’s roundup of hiring news, J.P. Morgan ups its compliance bet, Goldman is hiring in Australia and equity researchers are a burning hot commodity.
J.P. Morgan hiring in compliance
While cutting jobs elsewhere, J.P. Morgan has announced plans to add 3,000 new compliance pros. That’s on top of the 7,000 they hired in 2013.
Asset managers eying IT specialists
Buy-side firms looking to decrease their dependence on sell-side research analysts are investing in technology specialists. Asset managers BlackRock and Schroders, for example, are assembling teams of IT personnel who can design algorithms that skim data from publicly available portals, according to Financial News.
Hedge funds need PR vets
Suddenly image conscious hedge funds are hiring public relations officer and corporate communication specialists to help build their public brand, according to CNBC. Attracting talent is one of the chief reasons for change in strategy.
Goldman getting Aussie
Goldman Sachs is looking to grow its employee base in Australia. The U.S. bank is looking to make roughly 10 hires from trading to capital markets.
Equity research analysts coveted
With bonus season essentially over, U.S. and EU banks are poaching equity researchers at record speeds. Citi, Morgan Stanley and Barclays are suffering most of the departures, says Financial News.
Structured inventory experience needed
Banks is Asia are looking to take advantage of the Western sell-off of physical commodity desks and are hiring redundant bankers with structured inventory finance experience.
ECB desperate for supervisors
The European Central Bank needs to hire 770 more supervisors by November. The ECB quite literally admits that they are desperate, but you’ll need to move to Frankfurt.
UK banks on tech hiring spree
Financial services hiring was up 25% in February, according to Astbury Marsden. Investment banks are particularly keen on technologists who can improve their trading systems.