eFinancialCareers

The Australian job market is crying out for financial planners and paraplanners, with demand up nearly 100% according to some reports. Recruitment specialist eJobs noted 460 advertised roles for Sydney, Regional NSW and ACT in May, an 80% rise on last year, MoneyManagement.com reports. According to eJobs’ report, Australia is also short on candidates. This is bad news for employers, but good news for candidates, who can command higher salaries for their... Read more

Credit Suisse is gearing up in Asian prime services. The Swiss bank has appointed Jupiter Asset Management’s Kevin Meehan as director and head of Asian prime services coverage in Hong Kong, according to Finance Asia. The bank’s Hong Kong prime services team now numbers 10 and further hires are forecast as the bank seeks to grow the business in Hong Kong, as well as in Australia, Singapore and Tokyo.

Australian IT recruiters report a rush of hiring as investment banks seek to enhance their technology systems. “We’ve seen a marked increase in demand for technologists,” says Sam Vargas, a consultant in the technology division of recruitment firm Robert Walters. “Banks are trying to become a lot more competitive in terms of their trading platforms and are looking to integrate trading and wealth management platforms. Most are adding staff.” Steve Hutchinson,... Read more

An international shortage of financial services talent is creating a brain drain from smaller markets according to one recruiter. “Whenever conditions are strong in Asia, London, or New York, analyst and associate level bankers who are seeking a more international career make the most of the opportunity to move on,” says Victoria Biggs, a consultant at Sydney-based Jon Michel Executive Search. “We are seeing a real exodus at the junior level,”... Read more

A dearth of mid-level professionals amid a general candidate crunch has made Australia even more attractive for northern hemisphere finance professionals seeking more sun, surf and sports. But recruiters say there are some critical factors to consider before you move Down Under. A global candidate shortage has driven the growth of cross-border traffic, with Australia’s talent pool being drained by opportunities offshore in Asia, London and New York. This, combined with... Read more

With a historically low unemployment rate of about 5% in Australia, the financial services sector continues to boom ahead at a great speed. That’s good news for candidates but a tougher market for employers out recruiting as the talent pool is thinner on the ground. According to Angus Price, a partner from search firm Derwent Executive, it’s not just investment banks and fund managers that are actively hiring but also corporates growing... Read more

When it comes to having a few ‘mistruths’ on your resume, or ‘inflating’ your salary to a prospective employer, don’t even let it cross your mind. These days, it is common practice for a company to run a detailed background check on an applicant. In fact, gone are the days when all a company does is contact the referees that the candidate has nominated. Angus Price, a partner from search firm... Read more

Last week South Australian-based Funds SA appointed Hong Kong-based Lloyd George Management to manage an Asia ex-Japan equities mandate worth A$66 million. Launched last December, the Myer Family Office is also a seed investor in Lloyd George’s Asia-ex Japan fund. Moving with the times Not only are mandates leaving our shores - international banks are looking overseas to hire high-quality candidates. “In the past, the UK and the US have been... Read more

A new survey suggests that finance and human resources staff in the UK, Australia and Ireland move overseas for the pure joy of travelling. By comparison, their counterparts in France and Germany tend to move abroad for career reasons. The survey, of 1,800 international finance and HR professionals by Robert Half International, found that 68% and 63% respectively of those surveyed in France and Germany cited a career move as the... Read more

Solicitors say UK government plans to introduce a new points-based immigration system will make it easier for non-EU financial services employees to work in the country. Julia Onslow Cole, a partner at law firm CMS Cameron McKenna, says in future most banking employees will be able to enter the UK without lining up a job in advance. Under the new system, migrants who amass more than 75 points after meeting a... Read more

It’s nearing the end of the summer in Sydney and the city is suffering from a drought of debt capital markets (DCM) originators. Australian recruiters say the situation is reaching crisis point. “You can’t hire a DCM originator here for love or money,” says Oliver Darkes, a consultant at recruitment firm Carmichael Fisher. “It’s a particularly hot market, and the shortage of talent is becoming ridiculous.” Patrick Everest, a consultant at Jon... Read more

Bankers are sitting on a profit of more than $25bn (€21bn) on their share options on the back of the meteoric rise in financial stock prices on both sides of the Atlantic over the past 12 months. The recovery in banking stocks has left staff at the biggest US and European banks with share options worth a total of almost $100bn at the start of this year. Figures compiled by Financial... Read more

Macquarie, the ambitious Australian bank that is considering a bid for the London Stock Exchange, has hired nearly 150 bankers in London this year as part of an aggressive European expansion plan. The bank’s revenues in Europe have more than tripled in 12 months. The staffing at Macquarie’s offices in London, the European headquarters of its investment banking advisory, private equity and infrastructure funds businesses, has jumped by 20% since January... Read more