Boutique recruiters can benefit from the slump in City recruitment, a financial staffing firm has claimed.

Following comments made by Paul Venables, Hays finance director, in the Evening Standard newspaper, that the slump in City recruitment was the worst ever, Gina Le Provost, managing director at Jersey-based Approved Personnel Group, told Recruiter that her firm was benefiting from City workers looking to relocate.

Le Provost said: “Guernsey and Jersey are still holding strong. It may have a knock- on effect on the islands in a few weeks, but at the moment we are trading well. Wealth management and trust business funds are still doing well. If recruiters are not going to find a job in the City, it is boutique recruitment firms like ourselves that will hold strong because we specialise in offshore jurisdictions and that gives people the opportunity to consider relocation.”

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