Searching Smarter Podcast: A Year of Transformation in Financial Services

The European financial services market is undergoing significant shifts, and hiring trends are evolving faster than ever. In the latest episode of the Searching Smarter podcast, Jesse Skaff (host) dives into these changes with Matt Nicholson, a seasoned professional at Selby Jennings Europe. Together, they explore emerging market trends, shifting talent dynamics, and key hiring opportunities that are shaping the future of the industry.

European market dynamics in 2024

While the banking sector has remained steady, the buy-side space—particularly hedge funds—has demonstrated resilience and growth, Nicholson explains. This sector is increasingly prioritising professionals who offer a blend of technical expertise, leadership skills, and innovative thinking. Consequently, there is a sustained demand for quantitative specialists and corporate support roles, such as compliance and risk management. However, as the expectations for talent continue to rise, recruitment has become more complex, requiring a strategic approach but presenting highly rewarding opportunities for those who succeed.

Impact of bonus cap removal

Will the removal of the bonus cap lead to increased retention or drive more attrition? Matt shares how this compensation limitation has created a divide in the financial services sector in the UK. Some banks have embraced the change, aiming to retain high-performing talent, while others remain hesitant.

Looking ahead to next year

As we look ahead to next year, the landscape is full of opportunity. With improving economic conditions, Matt anticipates a resurgence in banking activity, increased hiring in investment banking, and sustained demand for technical talent. The emphasis on quantitative skills will remain pivotal, and professionals with a unique combination of technical expertise and leadership capabilities will be in high demand.

For those navigating this dynamic market, Selby Jennings are here to help. As an award-winning recruitment firm, we specialise in buy-side and hedge fund placements. Our proven track record demonstrates our commitment to connecting top-tier talent with leading opportunities in these sectors.

If you're seeking exceptional candidates or looking to make your next career move, we’d be delighted to support you. Reach out to us today and see how we can help you thrive in the year ahead.

Want to learn more?

At the Searching Smarter podcast, we speak to the brightest and boldest minds in financial sciences & services. From talent acquisition leaders and hiring managers to world-class professionals, we delve into all the ways they leverage top-tier talent to drive their businesses forward. Listeners will walk away with expert guidance on how to attract, acquire and retain high-performing teams, as well as what it takes to be a part of one.

It's available on Spotify, YouTube, Apple Podcasts, or wherever you get your podcasts.​ So listen, learn, and let us know what you think!