Metis Search’s Post

August continues to be a busy month for the team here at Metis. We have seen a number of our clients set new hires in motion across a variety of sectors, product areas and geographies. Please see a brief outline of some of the key roles we have open at the moment. Please reach out to discuss further with our consultants. #londonjobs #financialservices #recruitment

On Monday, a number of news outlets, including The Irish Times, reported that the Federal Reserve are expected to keep interest rates steady but to tee up a cut in September. They reported that US inflation has taken a “favourable turn”, lowering borrowing costs and softening the labour market. The meeting on Wednesday will serve as an “important platform to further tee up a monetary policy pivot as early as September”. Economists expect the FOMC to acknowledge “it is more confident about its handle on inflation” and “its readiness to lower rates”. You can read more about the expected results of the meeting this week in the attached article: https://lnkd.in/esfF2yEG #recruitment #financialservicesjobs #financialservices #federalreserve

A number of news outlets reported yesterday that Wall Street have recorded their best quarter in two years. As described in the attached article published by Eulerpool Research Systems, major investment banks reported fee income of $8.2 billion, a 40% increase compared to the previous year. Sharon Yeshaya, CFO of Morgan Stanley, referred to this as the “early stages of an investment banking upswing”. You can read more about this change in the market in the attached article. https://lnkd.in/etxaaZ7Q #londonjobs #financialservices #investmentbanking

Last week, some of the Metis Search team took part in the J.P. Morgan Corporate Challenge 2024! The team ran 5.6km around Battersea Park, along with 30,000 other participants. It was great to see candidates and clients alike taking part in the world’s largest running event, we look forward to next year! #JPMCC #JPMorgan

To all of our connections across the pond, Happy Independence Day!

Welcome to the team, Jeffrey!

Mergers and Acquisitions - themiddlemarket.com released an article recently exploring the talent shortage in critical roles in the financial services industry. 2021 and 2022 saw a big intake of talent. To remain competitive, businesses were offering an increase in pay. When the M&A market dropped last year, this resulted in a number of redundancies across banks all the way from the bulge brackets to smaller boutiques. As hiring slowly rises, employers are finding they are “struggling to hire the people that they want with the talent they would like to see”, especially at the associate level. The challenge at the moment is that there are “fewer candidates who’ve worked on full M&A deal”. The attached article explores the exploration of AI as a solution to this problem. Overall, it seems the financial services industry are cautious of replacing human talent with AI but are keen to explore how it may be able to assist. You can read more about this in the attached article: https://lnkd.in/eyxJiU3f If you are keen to explore opportunities or discuss your thoughts on the hiring market, reach out to one of our consultants for a confidential conversation. #hiring #financialservices #londonjobs #mergersandacquisitons