How's the market?

Quarter 3 2010

Focus on Financial Services

As we start the new financial year it seems like there are still a lot of questions relating to employment that have been left unanswered, "Have we weathered the financial crisis?" "Are businesses in a better position to hire than they were 12 months ago?" "Are people really having to work longer to be able to retire?" the list could go on and on.

The reality is that Australia, in general has been largely unaffected by the threat of recession or the huge slowdowns in hiring seen across the other major global economies. The local financial services sector has been particularly buoyant recently and with the prospect of a regional (and possible global) recovery, there has been increased hiring activity within the banking, wealth and funds management sectors.

One of the major effects the financial crisis has had on hiring within the financial services sector is that positions have evolved. Organisations are expecting the next generation of hires to be well qualified, cross skilled and able to operate across all levels of the business. Employees looking to dip their toe into the market or take that next step in their careers need to be well prepared and ready to show their ability to add value.

Local employment data sources such as SEEK and ANZ have seen steady increases in job advert numbers and employment rates, with the SEEK Employment Index (SEI) showing an increase of 26.7% on the same period as last year (Quarter 2) and ANZ predicting job growth of around 15,000 positions in May. With the domestic big guns leading the charge for new talent, across retail, business and investment banking andmajor Asian and American banks like Nomura, Morgan Stanley and JPMorgan making aggressive investment banking and wealth management hiring statements in recent months, candidates that have entered the employment market in 2010 have seen a renewed urgency to hire.

Venator Financial Services

With the increase in demand within the financial services market and the strong partnerships we have built since inception, Venator has increased it's capability and now welcomes Adam Avci to the team.

Adam has consulted since 1999 and worked in the Australian search and selection market since 2001. Over the last nine years, Adam has built a strong track record and network recruiting across the Australian and Asian Financial Services sector. During this time, he has specialised in the placement of senior managers, analysts and relationship executives within Front, Middle and Back Office functions, undertaking a number of high profile assignments for some of the industry's leading global and domestic brands.

Adam will be joining David Broughton, who has been recruiting since 2004 and has specialised within the finance and accounting market throughout his career to date. Since joining Venator in early 2009, David has developed their Financial Services offering with a number of successful mid to senior management placements in Finance and Accounting within large banks and smaller Financial Services businesses.

With Adam's addition to the team we are now able to offer clients a focused solution to their hiring needs covering positions across accounting, middle office, operations and trading.

For more information regarding Accounting and Finance within the Banking and Funds Management sector, please call, David Broughton.

For more information regarding Operations, Relationship Management or Analytics within the Banking, Wealth or Funds Management sector, please call, Adam Avci.