Increased demand from City firms employing executives has grown strongly over the last 12 months as UK Plc reshapes its boardroom and employer confidence in the economy resumes, says the capital’s leading executive recruitment website Executive-Jobs-London.co.uk.
Responding to the latest figures from the Association of Executive Search Consultants this week, which revealed an 18 per cent increase in demand for senior executives in the third quarter of 2010 compared to the same period last year, Executive-Jobs-London.co.uk says the outlook for new career opportunities for City executives is strong.
“With the worst of the recession seemingly behind us, many organisations are moving from a state of consolidation to one of growth rather than cutting back. Companies are looking for senior and even middle-management executives to help drive their businesses forward,” said Nicole Ghiani, Managing Director, Executive-Jobs-London.
Since the launch of Executive-Jobs-London earlier this month, job postings for Director and VP positions have represented the sharpest rise in employer demand - particularly within the financial services sector which has undergone a somewhat dramatic transformation over the last two years.
“Not only has there been significant movement at board level within many City financial services firms - with almost half of Europe’s leading 18 banks having appointed a new chief executive or chairman,” says Ghiani. “But the banks and other City institutions are also under increasing pressure to comply with the plethora of regulatory frameworks currently being implemented by the Financial Services Authority and other European regulator’s as the sector enters a new era of corporate transparency, compliance and public accountability. All of which has buoyed the demand for suitably qualified and experienced executives across board.”
Indeed, under new rules issued in September by the Basel Committee on Banking Supervision, an international body of financial regulators, UK banks are now legally obligated to hold more in capital reserves and more cash on their balance sheets to cushion against unexpected shocks and stimulate the economy. Whilst at the same time, they have also been hit by tougher legislation on pay.
“However, with high demand for senior executives particularly at Senior and Board level with business-critical skills and the ability to build a strategy that will enable organisations to grow their businesses, pay packages will invariably improve,” adds Ms Ghiani,
Executive-Jobs-London provides high profile candidates with the best selection of executive career opportunities in the capital, including City of London, Canary Wharf incorporating other outlying business districts, and outer London, including the M4 corridor. Roles range from experienced management jobs to C-Level appointments, permanent jobs, interim manager jobs and non-executive director roles.
