eFinancialCareers

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

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

Soaring issuance of corporate debt and twitchiness about potential bankruptcies are driving recruitment in the Australian credit risk market. Foreign talent is welcome to apply. “The market is currently strong for credit risk professionals, especially those with UK and European experience,” says Patrick Everest at Sydney-based Jon Michel Executive Search. “Most firms have an appetite for quality hires and will create roles for strong candidates.” Janet X Tam, a recruiter at... Read more