Victoria Trister

Why I love recruiting for the financial services … still the UKs biggest export and continuing to boost the economy with innovative solutions. Did you know Open Banking is used by over 10m users and contributes close to 4bn to the economy ?! Neither did I. But that is HUGE. A great article on smart data and how it allows access to information for everyone, levelling up the playing field for SMEs. What’s even better? It has the consumers interests at heart ♥️ and it’s all positive outcomes …. Thousands of jobs that will be created and better control over personal data to name a few. A real chance for the UK to become global leaders and an opportunity to deliver growth into the economy.

11

1 Comment

Our Page Executive 2024 UK Salary Guide is here! Access our report to help inform your benchmarking exercise on compensation, bonus and benefits for C-suite and senior leadership roles across multiple functions and sectors. The guide also includes market insights from our reputed principals and partners who have successful track records placing leadership talent to help UK businesses transform and grow. Download today: https://lnkd.in/dTDx_UzF #salaryguide #executivesearch #leadership #unitedkingdom #uk #marketinsights #csuite

7

Market Update for Technologists (and a little bit of preaching) x2 Major Banks have internally announced 20k-30k job cuts by 2025 (next year!) (heard direct from x2 contacts in the know - discrete for that reason) No steer on who will be affected - the cuts will be to become 'less manual' - embracing AI / ML / Automation across all business lines. Meanwhile - Hedge Funds continue to want three skillsets in one across all hiring Eg: currently working a Tech PM role for a big shop - they need a PM, BA, Product Lead who was an engineer and understands Microservices to a deep level, whilst also having exceptional academics in compsci or similar from a top institution and able to function in an FO Quant Tech environment. Now some will say they are asking for too much and won't find it. I can tell you that you're wrong. I would say that the market is shifting around us all right now - if you have a 'traditional' skillset of doing one job only and most comfortable hiding in a big team doing the minimum, you likely will be laid off in the next 2 years. Unfortunately that's where we are. This is the time to upskill. Everyone is pushing to become leaner and more agile. Make yourself valuable If you're a technologist in a bigger firm who wants to join a culture of innovation and growth - HMU

16

2 Comments

Thank you Xing, Anne and Melinda from the Women In Investments team for the opportunity to present our Employment Market Update. Thanks also to Dani and David and the team at BNP Paribas Asset Management for providing use of their boardroom. Our Employment Market Update and Career Insights discussed a number of themes, including 🔹 Current market conditions and salaries for investment professionals. 🔹 Nationally Banking and Finance Job ads are nearing the lows of COVID in 2020 while candidates’ applications have increased significantly. 🔹 Despite the lack of demand and increased supply there remains a lack of quality candidates for most specialised investment positions. Salaries have not decreased. 🔹 Demand remains strong for a number of positions but other parts of the market remain very constrained. 🔹 The majority of our clients are still highly focused on gender diversity.  🔹 There is increasing evidence that the “pendulum” has swung back to employers with work flexibility reduced in several instances. Thanks so much for your support with the presentation Amanda and Jeremy. For further insights please contact the team at Kaizen Recruitment.

71

2 Comments

The UK's financial services industry has seen a significant increase in mergers and acquisitions (M&A) activity, leading to a broader recovery in Europe. The number of deals in the UK rose by 10% in the first half of 2024 compared to the same period in 2023, with total deal values reaching £6.9 billion. This surge in M&A activity is attributed to signs of economic recovery in the UK, which have lifted market confidence and made the country a "favoured hunting ground" for European financial services firms. Read more in this article: https://heyor.ca/jANFLU #TheBanker #MergersAndAcquisitionsMarket #FinancialServices #MARecovery

2

Retiring Baby Boomers: Analysing Risk and Overcoming Challenges 📹 Have you seen our podcast shorts? All the best bits from the Private Equity Podcast in short clips! Visit the Raw Selection channel now - https://lnkd.in/eEn2KiVr #privateequity #theprivateequitypodcast #challenges

1

Are you experiencing delays when onboarding with wealth managers? According to a new report, lengthy processes are causing up to three months of delays, especially for ultra-high net-worth individuals. Internal approvals and manual interventions are the key culprits. Wealth managers in the UK are facing even longer wait times compared to their European counterparts. Read more: https://bit.ly/4fan0al #WealthManagement #WealthManagers

1

🎙️ Exciting News! 🎧 The latest episode of the Executives in Wealth Management podcast is out now! 🚀 Join us as we explore the ever-evolving landscape of the financial advice industry with our special guest, John Cowan, Chair of the Sesame Bankhall Group. In this episode, our host, Thomas Spencer, delves into John's wealth of experience, discussing the transformations witnessed in the financial services sector throughout his esteemed career. From the evolution of industry practices to the profound impact of personal influences, John shares invaluable insights that shed light on the changing dynamics of financial advice. Discover firsthand how John's early life and familial connections shaped his professional journey, and gain deeper understanding into the shifts driving the future of financial services. Don't miss out #WealthManagement #FinancialAdvice #Podcast #IndustryInsights #Leadership #CareerDevelopment #executivesearch

3

Aiming to provide added investment options to our clients and investors, we recently announced our acquisition of Vanguard's US Outsourced Chief Investment Officer business. Olaolu Aganga shares her insight into our new strategic pairing in Pensions & Investments. #acquisition #business #investors #investment

9

Another fascinating day at the FTT Mutals conference in London. My second time on a panel, this time discussing Pathways to Fair Lending with Kate Pender, Dónal Traynor MBS LIB QFA and Stuart Bryce with Lisa Moyle moderating. Four different perspectives, but a shared vision on how we can be inclusive yet compliant and affordable.   Lending isn’t always the correct answer, but not having the choice and flexibility to access affordable finance when it is needed can be a barrier with significant consequences.    Discussions around the success of no interest loan schemes, family loans, the need to educate and explain ‘good debt and bad debt’; debt can allow projects and plans to progress sooner and more cheaply than saving and delaying. Consumers and organisations should have that choice.   #FTT24 #FintechTalents #FTTMutuals #FairLending #InclusiveFinance #credituniondifference 

25

1 Comment

Hear how CBI has leveraged Payment Pre-validation to take local confirmation of payee global and give customers confidence that their payments will complete the first time they’re sent. Liliana Fratini Passi, Managing Director at CBI S.c.p.a. Società Benefit, explains. Hear what other users think of Payment Pre-validation: 👉 https://okt.to/oBSvPz #testimonials #payments #prevalidation #swift

19

Significant updates to UK employment law are set to take effect in October 2024, reshaping employer responsibilities and strengthening employee rights. If you're a small business and need help in navigating these updates, please feel free to reach out to our HR consultant partners in your area. You can find the full list here - https://lnkd.in/eNNHpuhQ #hirefulPartnerProgramme #HRUpdates #HRSupport

18

Our latest Wealth Management research for H1 is now available for industry professionals. If you'd like to receive a free copy this, please email Kelly Biggar (Pitcher) at [email protected] with the subject "Wealth Research, or message either of us. #wealthmanagement #financialservices #research #financialadice #financialplanning

4

Many of my peers in the UK private equity market will have felt the vast difference in activity this year compared to 2023. Fortunatley for many of the talented candidates in this space that’s started to provide results. For those who haven’t yet felt the change in pace, although the market is still sending mixed signals the future looks bright. Here are some of my key takeaways that might help paint a clearer picture: Increased activity in large-cap buyouts accounting for over 59% of deals in H1 2024. Fundraising is also on track for a record year, driven by larger funds, although exits are lagging due to market volatility and extended holding periods (Source - Pitchbook) The mid-market saw an 11% decline in deals, with international buyers, particularly from the US, remaining active. It was reported that they expect stablilty to drive more robust deal activity in H2 2024 (Source - KPMG) With challenging debt markets, private equity firms are increasingly underwriting deals with equity, securing financing later in the process (Source - Chambers & Partners). Firms face growing pressure to deliver exits during market uncertainty, driving a focus on operational improvements to maximize returns (Source - RSM UK). In summary, the UK PE market is rebounding, but with caution and with a focus on very strategic plays. As someone who focuses in interim value creation & transformation I’m seeing that as a great thing medium term - more focus on defining clear and actionable VCPs, taking control of commercial and operational enhancements and synergies through integration post M&A. #ukprivateequity #privateequity #investing #mergersandacquisitions

86

14 Comments

We're pleased to be partnering again with the CIPD on the 24th edition of the Resourcing and talent planning report. Please download the report where you'll find the latest resourcing trends, as well as invaluable advice on how to navigate the current labour market. #TalentManagement #HRInsights #RecruitmentStrategy #WorkforcePlanning #HR2024

36

2 Comments

Good news for Fintech! According to the latest UK labour market trends, risk and compliance vacancies within traditional banks are projected to experience a 17% drop in 2024 as banks focus on stabilisation in response to shifting market conditions. However, there is set to be an increase of 28% in vacancies for such roles in fintech companies. This sector is set to see 1,000 new roles in 2024, underscoring the growing demand to professionalise compliance and risk management as Fintechs increasingly come under the regulatory microscope. #fintech #Growth

2

1 Comment

My colleague Simon Roderick gave his thoughts in this article on whether asset management bonuses could bounce back after a dire 2023 - read his views below. #assetmanagement #financialservices #bonuses https://lnkd.in/gXgNhurh

3