Recruitment in the
Square Mile surged in the first three months of 2017 as City firms rebooted
hiring initiatives after digesting the country’s decision to leave the EU.
One of the UK’s largest headhunters, Robert Walters, today revealed UK fee income
had leapt by 27 per cent over the last quarter, saying there had
been a “notable upturn in financial services recruitment activity in London”.
performance at home underpinned a 20 per cent growth in gross profit across the
group, which has offices in 28 countries.
Robert Walters told City A.M.: “There was significant increase in some of the
more specialised senior roles, such as in investment manager and, no surprise,
in compliance and cyber security. And also in some of the traditional senior
however, was cautious as to whether this was a trend that will continue in the months to
come, saying “you can never predict investment banks in terms of hiring”.
He added: “I’ve
always said and thought is the biggest problem in recruitment, as in stock
markets, is uncertainty.
“Whichever side of
the Brexit equation you sit, there is no doubt that people get bored of it and
they carry on with business as usual.
“[When it comes
to] passporting rights, we’re in all the locations [companies] could move to,
so we’re quite happy to roll out the red carpet for anyone entering those
UK net fee income
growth was matched in Europe (with a 25 per cent increase) but the firm’s
largest geographical sector, Asia Pacific, swelled at a more modest 10 per cent
on a constant currency basis. Mainland China “continued to be challenging”, the
Source: City AM