Green Shoots - Firms On The Hire
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And although very few firms are gearing up big time, strategic hires are being made.
The website suggests that the likes of Goldman, Barclays Capital, Credit Suisse, Deutsche, HSBC Investment Bank, Macquarie, Nomura, Standard Chartered, and Royal Bank of Scotland are all on the look-out for talent in the US. In addition, JPMorgan Chase, Wells Fargo and TIAA-Cref are in the market for private bankers, financial advisors and credit managers there.
Over in Europe, Barclays Capital, Nomura and Greenhill are said to be recruiting, while in Asia, Bank of America Merrill Lynch has been gearing up, and Citi, Credit Suisse JPMorgan and UBS are looking to beef up their operations in Australia.
More specifically, Barclays Capital have hired 360 people in Europe and 240 in Asia since the fourth quarter last year, and Deutsche has hired 40 investment bankers in the US in the past few months.
Finally, Morgan McKinley's London Employment Monitor for May has revealed that new job vacancies in the City increased by 14% May over April, although the figure was still 62% down on May 2008. Morgan McKinley's Andrew Evans said, however, that 'recently, a number of firms which had put their recruitment plans on hold for the past 6 to 12 months, have started to hire again'.
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