Financial services in recruiting drive

RECRUITMENT in the financial services is showing signs of recovery after a long slump, with stockbrokers leading the way, according to a report by candidate screening company Powerchex.<br /><br />Stockbrokerages increased recruitment by 77 per cent between the first and second quarters of this year, and by a massive 317 per cent between the months of May and June. However, second quarter 2009 recruitment for the role was still over 40 per cent lower that in the same period in 2008.<br /><br />&ldquo;Firms have been recruiting quite aggressively recently as the economic situation stabilises and they attempt to make the most of a very talented pool of people who are desperate to work,&rdquo; said Powerchex managing director Alexandra Kelly, <br /><br />Investment banks &ndash; which took the biggest year-on-year hit of an 81 per cent drop in the number of jobs available &ndash; saw an increase of 28 per cent between May and June 2009. IT contractors and insurance firms were also up by 50 per cent and 33 per cent respectively.