Executive search and selection consultancy, the Financial Recruitment Group (FRG), has reported a 15 to 20 per cent increase in hiring activity over the past eight months.
FRG state manager for New South Wales, Conor Donoghue, said FRG had noticed an increase in executive roles nationally and a more positive response to recruiting across the board.
“Salary bands have also increased and I think it’s fair to say that the war for talent within financial services is well and truly back on,” Donoghue told InvestorDaily.
“There has been a lot more demand for key account managers who have relationships with research houses and knowledge across multiple asset classes within the funds management and asset management space.
“Employers are also a lot more interested in relationship skills within distribution roles and at the business development manager level as well.”
On the advice and wealth management side, Donoghue said there has been a definite increase in roles within practice recruitment and professional standards, and for candidates that have the ability to set direction for all of the changes coming out of Canberra.
Meanwhile, as activity in the recruitment space continues to pick up, Donoghue said FRG had also appointed new senior consultant Richard Liverpool to its Sydney office.
Liverpool brings to the firm over 22 years of experience in financial services, having worked in accounting, business management, practice development, marketing and recruitment.
Donoghue said Liverpool’s areas of focus would include practice development, key account management, marketing, private banking, licensee leadership, compliance and project management.
“From what we’ve seen, we don’t expect hiring activity to slow down in the near future so we do expect to make more appointments at FRG at a national level going forward,” Donoghue said.
