The Brexit Effect: Banking & Financial Services

The Brexit Effect: Banking & Financial Services

– Key European cities benefiting out of jobs being migrated include Zurich, Frankfurt, Paris, Dublin and Warsaw.

– Amongst the Bulge Firms, front and middle office roles were down 14% in 2018 compared to 2017. So far 2019 is continuing the same trend. 

– Interestingly, among the American banks, what we also see is that while some jobs are migrating to the EU, many are moving back to New York.

Property Law Sector – Report

Property Law Sector – Report

Within the banks, we see activity in 2017 holding steady through the year and only dipping in Q4, where it then picked up again in 2018, but has been in decline as the year progressed, with Q4 2018 at a 2 year low. In terms of the legal vacancies within the banks we see a similar pattern, where recruitment activity ended up being in decline in 2018 also, mirroring the trend seen in the wider corporate governance roles.

Audit In Banking – Report

Audit In Banking – Report

When analysing the recruitment for other professional non specialist insurance roles, this is more extreme, in that we see that nearly two thirds of such generalist vacancies within Insurance now sit outside the capital.

Banking Law Sector – Report

Banking Law Sector – Report

Within the banks, we see activity in 2017 holding steady through the year and only dipping in Q4, where it then picked up again in 2018, but has been in decline as the year progressed, with Q4 2018 at a 2 year low. In terms of the legal vacancies within the banks we see a similar pattern, where recruitment activity ended up being in decline in 2018 also, mirroring the trend seen in the wider corporate governance roles.

Activity for Procurement Professionals – 2018

Activity for Procurement Professionals – 2018

2018 saw a significant increase in activity for Procurement Professionals, where the industry that witnessed the biggest change was Consumer Goods & Services. Q2 2018 in particular constituted a peak point for the year, with vacancies up over 50% on the same...