Tue, 1 May 2012

Financial sector recruitment in the UK remains slow, but the country is still faring well compared with other geographies, reports specialist jobsite eFinancialCareers.co.uk

The average number of UK jobs posted on the site decreased 11% from 3,270 in Q1 2011 to 2,923 in Q1 2012. This compares with a 10% drop in the Asia-Pacific region, 13% in the US and 14% in the Central Europe and Middle East region.

Within the UK the specialisms with the greatest year-on-year job growth were private equity/venture capital (36% growth), credit (21%) and commodities (9%), while equities, capital markets and operations all saw a decline of over a third in the number of opportunities.

James Bennett, global managing director of eFinancialCareers, says: “Most recruitment that occurred in the quarter was prompted by businesses focusing on critical replacement hires and restructuring. Companies continue to be very cost conscious and are focused on efficiency and productivity.”