In Q1 2018, buy-side roles were in demand and this sector was significantly busier than those operating within the banking space, writes Marcus Williams, associate director - finance and marketing, at Morgan McKinley.
There has been some outsourcing of roles to Europe and Asia, mostly at transaction level such as accounts payable. However, the higher skilled roles seem to be remaining in London. We believe this is because banking clients were focused on delivering Brexit strategies and outsourcing back office functions, whereas asset managers, who are in a more agile position, put talent acquisition and improving their workforce at the forefront of their 2018 vision. M&A continued to be at the forefront within asset management, which caused restructuring and redundancies. But multiple groups contin...
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