Job vacancies at Londons financial- services companies climbed 19 percent last month as tougher regulation of banks spurred hiring in compliance and anti-money laundering, recruitment firm Astbury Marsden said.
New vacancies in the British capitals City and Canary Wharf financial districts rose to 2,600 in April from 2,190 in March, the London-based recruiter said in a statement today. It follows a fall in March, when the number of jobs dipped 15 percent from February.
What happened in March shows how volatile sentiment is in the market at the moment, so any unpleasant surprises on the economic and regulatory fronts could have a rapid chilling effect, said Mark Cameron, chief operating officer of Astbury Marsden in the statement. We dont expect to see more aggressive hiring resume until banks have clear plans as to which areas they are going to target for growth.