This afternoon, I interviewed a senior executive in a leading search firm that focuses on executive recruitment for the financial markets in London.
Here are their comments:
“A huge portion of the growth we’ve seen in London has been in asset allocation / multi-asset. That area has been absolutely huge, at least in the UK.
The reason for this is that the UK has seen recent pension reforms, and that has made multi-asset more desirable because of improved enhanced asset allocation. Not aggressive portfolio growth targets but more like a focus on steady returns and capital preservation.”
I asked Abbas Shah, an industry professional and recognized Macro trading expert, for his comments about the Street.
“In the US, it seems that the early weeks of 2015 have proven to show very strong demand,” Abbas said in an interview today. “In fact, I haven’t seen this type of hiring momentum in the Financial Services Industry since the Great Recession began in October, 2008. Also, it is interesting that it seems to be a very broad hiring trend – IT managers and programmers, Portfolio Managers, Risk Management associates, and so on. It’s certainly an early indicator of a strong 2015, but even so I’m sure all the hiring managers will be watching very closely to see if the expected trends actually bear out.”
Here are their comments:
“A huge portion of the growth we’ve seen in London has been in asset allocation / multi-asset. That area has been absolutely huge, at least in the UK.
The reason for this is that the UK has seen recent pension reforms, and that has made multi-asset more desirable because of improved enhanced asset allocation. Not aggressive portfolio growth targets but more like a focus on steady returns and capital preservation.”
I asked Abbas Shah, an industry professional and recognized Macro trading expert, for his comments about the Street.
“In the US, it seems that the early weeks of 2015 have proven to show very strong demand,” Abbas said in an interview today. “In fact, I haven’t seen this type of hiring momentum in the Financial Services Industry since the Great Recession began in October, 2008. Also, it is interesting that it seems to be a very broad hiring trend – IT managers and programmers, Portfolio Managers, Risk Management associates, and so on. It’s certainly an early indicator of a strong 2015, but even so I’m sure all the hiring managers will be watching very closely to see if the expected trends actually bear out.”