Here's a summary of Seb's TOM Talks on recruitment activity for Markets & Investments in June 2024.

Market update

• NAB Asset Servicing closing is creating many project roles and their competitors are all picking up work.
• Asset Managers are struggling as Superfunds internalise the function.
• Smaller fund administrators are offshoring meaning there will be fewer technically skilled people in the future.
• There have been fewer roles and international companies are opting to hire staff from their overseas offices as it saves on recruitment cost and provides the technical skills required.

Advice for candidate

• It will take longer to find the right role, clients are demanding much more experience and salaries are, at best, flat.
• The Unlisted Assets area is growing across Property, Infrastructure and Private Equity, specifically Valuations will be a growth area.

Advice for client

• Hire now as there are highly qualified candidates available and fewer companies competing for them.

If you would like to find out more, get in touch with one of the members of the Markets & Investments team.