So Q1 is drawing to a close, and I detect an ever-so-slight uptick in sentiment in the market, with more offers being extended and more candidates keen to make a move. Firms’ Q1 results will have a major bearing on their confidence and ability to hire in Q2 and whilst I don’t see a wholesale lifting of freezes / chills (which are in place despite firms’ protestations to the contrary) until summertime, I do see firms appreciating that to try to do the same things with the same folks – at least in the sales area – may not be the best course of action. There are numerous buy-side mandates out there, be they for ‘traditional’ custody / fund accounting / fund admin mandates or outsourcing – and a fresh approach, or hiring someone with strong relationships with those firms – might be key to making a difference and winning the business. Additionally, as a general word of guidance to hiring firms, it doesn’t make sense to be ‘penny wise and pound foolish’ given the febrile nature of the market and the absolute benefits the right hire can bring. Hot areas at present? Alternatives, Asia generally and Prime Brokerage would be our top three and whilst we advertise most of our roles, for confidentiality purposes some we have to keep below the radar screen to if you are interested in a career discussion and market update / overview, do give us a call.
On an admin point, I’m pleased to say that as of March 1st we should be happily ensconced in our new home at Albert Buildings, 49 Queen Victoria Street (above Sweetings) which is three times as big as our current office and designed to accommodate our growing team who cover senior buy-side roles, Prime Brokerage and Risk and Compliance. Do feel free to call in if you happen to be passing…
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